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According to a recent filing by SEC, Apple’s CEO, Tim Cook made more than $15 million in 2018. Of this quantity, $12 million in incentives for achieving gross sales and operating income overall performance targets even though $3 million is his basic salary. Cook will Furthermore receive 294,082 as private jet fare. All these excludes the $121 million that Apple’s CEO vested this year from stock whereas he still has over about $189 million (1.5 million Apple shares) worth of stock that hasn’t vested.
Apples ordinary worker earns $55,426 what implies that Cook’s compensation, excluding his restricted stock, is 283 times which an common Apple employee makes. This is same why we say “its nice to be Apple’s CEO”. Apart from Cook, other top executives of the manufacturer Additionally went home with massive paychecks. CFO Luca Maestri, In general counsel Kate Adams, retail head Angela Ahrendts, and COO Jeff Williams all made more than $26 million each, according to the SEC filing. Apple states in the filing
“We believe the compensation paid to our named executive officers for 2018 appropriately reflects and rewards their contribution to our performance,”
According to an SEC filing, Tim Cook donated When it comes $5 million in Apple stock to an unspecified charity. Back in 2015, he said that if all goes according to his plan, his entire fortune is likely to charity.
