Largely indexed to Apple’s stock performance, Tim Cook’s revenue reached $ 98.73 million in 2021, reveals CNBC. A well-stocked payslip for the one who has been leading the Cupertino company since 2011. It is part of a record year for Apple. As pointed out by the American media, the brand recorded a 33% growth in its revenues and a turnover of more than 365 billion dollars in its fiscal year 2021 (between the months of September 2020 and September 2021).
According to documents filed by Apple with the US Securities and Exchange Commission (SEC), Tim Cook’s income for the past year includes $ 3 million in salary, a bonus of $ 12 million for having achieved the financial and environmental objectives set by Apple, $ 1.39 million in various compensation (travel expenses, security costs, insurance premiums, etc.) and above all $ 82.35 million in the allocation of shares .
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” A remarkable decade for Apple “
” It has been a remarkable decade for Apple and, in 2021, Mr. Cook was awarded a stock bonus for the first time since his promotion to CEO in August 2011 ”, explains Apple in particular.
As CNBC reports, Apple calculates Tim Cook’s stock awards taking into account Apple’s size, performance, but also Cook’s role and performance as CEO. Apple’s profitability compared to that of companies of equivalent size (including Alphabet, Microsoft, Amazon, or Meta) is also taken into account, we read. Also according to CNBC, the remuneration of Tim Cook represents 1,447 times the median salary of an employee at Apple, estimated by the firm at 68,254 dollars.
Billionaire since summer 2020, the leader of the Apple brand is nevertheless much less wealthy than many CEOs of other big names in Tech. The fortune of Elon Musk (Tesla) is for example estimated at 300 billion dollars, while that of Mark Zuckerberg (Meta) amounted in October 2021 to around 124 billion.