Apple CEO Tim Cook takes home USD15.7 mn salary

Apple CEO Tim Cook takes home USD15.7 mn salary
Highlights

Riding on a robust growth last year, Apple CEO Tim Cook earned a compensation package of 157 million including 12 million in bonus that means nearly 33,000 a day The package included 3 million in base salary, 12 million in incentives awarded for performance and another 682,000 as Other Compensation

San Francisco: Riding on a robust growth last year, Apple CEO Tim Cook earned a compensation package of $15.7 million - including $12 million in bonus that means nearly $33,000 a day. The package included $3 million in base salary, $12 million in incentives awarded for performance and another $682,000 as "Other Compensation" (like personal security services and use of a private aircraft), the Cupertino-based company said in its filing late Tuesday with the US Securities and Exchange Commission (SEC) for the fiscal year that ended on September 30.

According to a report in Deadline, there was a modest pay increase in Cook's salary as Apple became the first American company to hit the $1-trillion mark last year, before losing substantial market cap on poor iPhone sale predictions in the later part of the year. The $12 million bonus to Cook was linked to revenue and operating income targets - both of which rose 16 per cent from 2017.

Show Full Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
More Stories


Top