Apple Chief Tim Cook’s Pay Package Ballooned to $98.7 Million in 2021

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Apple Chief Tim Cook’s Pay Package Ballooned to $98.7 Million in 2021
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Tim Cook, CEO of Apple — the most valuable technology company in the world — had a compensation package worth $98.7 million last year, more than six times his haul in 2020, according to…

— the most valuable technology company in the world — had a compensation package worth $98.7 million last year, more than six times his haul in 2020, according to a regulatory filing.

Cook’s base salary for 2021 was $1.39 million. He received a cash bonus of $12 million for the year as well as stock options worth $82.35 million, according toThe Apple board’s compensation committee noted that Cook was granted an equity award for the first time since he was promoted to the CEO role in 2011.

Cook, 61, first joined Apple in March 1998. He assumed the chief executive role in August 2011, shortly before the death of co-founder and previous CEO Steve Jobs. Prior to that, Cook was the tech giant’s COO since October 2005.

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