Although the core salary of Apple CEO Tim Cook has not increased in the last three years, his earnings due to the value of the company’s stock in 2021 have increased significantly compared to previous years and reached $ 98.7 million.
According to the Apple Stock Exchange, Cook earned $ 3 million in base salary last year, valued at more than $ 82 million, and earned a total of $ 98.7 million last year. Apple CEO ended 2020 and 2019 with total revenues of $ 14.7 million and $ 11.5 million, respectively, which do not include any stock bonuses.
Tim Cook’s 1447-fold difference in revenue from Apple employees
“Apple midfielder earns less than $ 70,000, yet Cook earns 1,447 times that,” wrote Jeremy C. Owens, editor of MarketWatch Technology, in a tweet.
Other Apple executives, such as Luca Maestri, Kate Adams and Jeff Williams, also earned between $ 26 million and $ 27 million.
Cook was named Apple CEO in 2011 after the company’s founder, Steve Jobs. Over the past 10 years, he has expanded Apple’s product line with products such as the AirPad, Apple Watch and other iPhone models. In addition, Cook pushed for the expansion of services such as Apple TV Plus and Apple Fitness Plus.
Earlier this week, the Cupertino-based company was able to experience a market value of $ 3 trillion, with a 40% increase in Apple shares to $ 182.86. To better understand this success, it can be said that this amount is more than the value of companies such as AT&T, Boeing, Coca-Cola, Disney, Ford, IBM and McDonald’s. Another important point is that Apple has been able to triple its value in less than 4 years and transform from a $ 1 trillion company to a $ 3 trillion giant.