Apple CEO Tim Cook got a raise of more than $1 million last year, though he didn’t make as much as his top lieutenants.
The tech company says in a filing that Cook’s total pay was nearly $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. Apple paid five senior vice presidents more than $25 million apiece, including stock grants worth $20 million.
Cook hasn’t received stock in recent years. He was given restricted grants worth $384 million in 2011, when he became CEO.
Apple earned a record $53 billion profit on sales of $233.7 billion in the fiscal year ending in September. Its stock rose 15 percent during that period, although shares have sagged recently amid worries about Apple’s ability to keep growing.
The Associated Press contributed to this report.
Apple seems to be the world leader in technology so the raise is probably worth it. I’m surprised it wasn’t given in stock. The great thing about stocks is it encourages the recipient to work to grow the value of their stock. In turn this helps the other stockholders.
This homosexual pervert, who was outspokenly against the Religious Freedom Restoration Act, is the reason I got rid of my iPhone and bought an Android. No more Apple products for me!
It’s who you know and who you blow that really counts.
Do you think he gives a good blow Job. Get it. You know the creator of apple products.
that goes with my brother inlaws saying,mike will never get any where in this world because ,we don’t KISS anybodys A**
My question is and has always been.
How much money does one person need?
I think apple reached pretty much it’s top. Could you imagine how much more they would of made if there wasn’t Samsung among many others.
I read Malkins book she writes in there how Apple screws over American Tech workers by hiring Indian and Chinese Foreign Visa workers rather than pay the $90,000 they pay the Indians $45,000