A proxy statement filed by Apple on Thursday revealed precisely how a lot one can earn after ten years of working the world’s most precious and most worthwhile firm, and for Tim Cook dinner, that quantity is $98.7 million. Whereas his base wage stayed at $3 million, a further $12 million in incentives, $82 million value of inventory awards, and the cash spent to cowl objects like safety and personal flights — since 2017, Apple doesn’t let its CEO fly industrial — nudged the complete factor nearer to the $100 million mark.

Apple Cumulative total Shareholder Return 2011 to 2021

In accordance with Apple, its complete shareholder return “was at the 97th percentile of the companies that were included in the S&P 500 for the entire performance period” from 2018 to 2021.
Picture: Apple

That’s greater than six instances his 2020 pay of $14 million, and as famous by MacRumors, and doesn’t embody greater than $750 million in shares that vested this yr as the ultimate a part of a ten-year bundle Cook dinner acquired when he took over the corporate. The phrases of that bundle modified in 2013 when inventory efficiency slipped, which Apple says occurred at Cook dinner’s request, placing among the grant in danger if didn’t return sufficient cash to shareholders. And as we famous whereas recapping a decade of Apple underneath the management of Tim Cook dinner, everyone knows what occurred subsequent.

In August, once we wrote that decade recap, Apple was nonetheless approaching a $2.5 trillion market cap, and within the time since, it has crossed $3 trillion (irrespective of how briefly). It hasn’t all been completely happy instances, nevertheless. Over the past couple of years, Apple workers have opened up like by no means earlier than about points with its inside tradition together with the push to return to the workplace and pay transparency, amongst many different issues.

A submitting like this, in fact, is clear by nature for Cook dinner in addition to different members of the board of administrators and govt group. Apple notes in its personal doc that after placing collectively “base salary, bonuses, commissions, and grant date fair value of equity awards granted to employees in 2021 as our consistently applied compensation measure” to seek out the pay of its median worker, they acquired $68,254, making a compensation ratio of 1,447 to 1.


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