Apple CEO Tim Cook raked in nearly $100 million last year in compensation or nearly 1,500 times the pay of the company's average worker, filing shows.
Apple Inc. Chief Executive Tim Cook raked in nearly $100 million last year in compensation, nearly seven times what he earned in 2020, according to filings submitted to the Securities and Exchange Commission.
With the expiration of the restricted stock units, or RSU, award that Cook received when he became CEO, Apple established a new plan for Cook, as the company had previously disclosed. The new award, valued at $82.3 million in the filing but potentially worth much more, pushed Cook’s compensation to nearly 1,500 times what Apple’s average employee receives, the company disclosed.
Cook received compensation totaling slightly less than $15 million in the previous year, which itself was a large raise thanks to a strong bonus.
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