Tim Cook netted a cool $265 million from Apple in 2020
source link: https://www.cultofmac.com/749363/tim-cook-netted-a-cool-265-million-from-apple-in-2020/
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Tim Cook netted a cool $265 million from Apple in 2020
Tim Cook is in 8th place on Bloomberg‘s list of highest paid CEOs and executives.Illustration: Ste Smith/Cult of Mac
Apple CEO Tim Cook is one of the best paid U.S. executives according to a new report. He pulled in a whopping $265 million in 2020 from his salary, bonus, and stock awards.
But that’s chump change compared to what Elon Musk made.
Tim Cook is mostly paid in stock
Bloomberg totaled up Cook’s compensation package and says his salary is a mere $3 million. But he received a $10.7 million bonus, and $1 million in perks. Even so, the majority of the compensation going to Apple’s chief executive is stock. He reportedly received $250.3 million of AAPL shares in 2020.
That puts him in 8th place on Bloomberg‘s list of highest paid CEOs and executives. At the top of the list (by a ridiculous margin) is Tesla CEO Elon Musk who raked in $6.6 billion in company stock last year.
Still, Tim Cook reportedly entered the billionaires club in 2020. But he won‘t stay that way. Back in 2015, he told Fortune magazine that he’ll give away all his wealth.
Still, 9-figure executive compensation packages like his (and Musk’s 10-figure one) are sure to start conversations about income inequality. But on the other side of the coin, Cook is running the world’s most profitable company.
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