Tim Cook doesn’t make coin…..
2021 was a rewarding year for Apple, and its CEO, Alabama native Tim Cook.
The Wall Street Journal is reporting that Cook, 61, an Auburn alum and a native of Robertsdale, received almost $100 million in compensation as he completed 10 years leading the company.
Cook’s pay package rose more than 500% when compared with 2020′s $14.8 million, according to Apple’s annual proxy filing with the Securities and Exchange Commission.
According to CNN, Cook’s $98.7 million pay package was roughly $82 million in stock awards, a $3 million base salary, and $12 million in bonuses and other costs. The median Apple employee salary is $68,254.
Apple’s stock rose about 80% last year and briefly took the company’s market value past $3 trillion this week.
Cook, the son of a shipyard worker and a part-time pharmacist, grew up working class on East Silverhill Avenue in Robertsdale. At Auburn, Cook learned to program and even created a system to improve the timing of traffic lights near the university.
He has spent 24 years with Apple and took over the company from Steve Jobs in 2011.
“It has been a remarkable decade for Apple, and in 2021 Mr. Cook was granted an equity award for the first time since he was promoted to the CEO role,” Apple said in the SEC filing. Over his time as CEO, Apple’s shares have risen by more than 1,100%.
Cook plans to donate most of his wealth to philanthropic causes.
2021 was a rewarding year for Apple, and its CEO, Alabama native Tim Cook.
The Wall Street Journal is reporting that Cook, 61, an Auburn alum and a native of Robertsdale, received almost $100 million in compensation as he completed 10 years leading the company.
Cook’s pay package rose more than 500% when compared with 2020′s $14.8 million, according to Apple’s annual proxy filing with the Securities and Exchange Commission.
According to CNN, Cook’s $98.7 million pay package was roughly $82 million in stock awards, a $3 million base salary, and $12 million in bonuses and other costs. The median Apple employee salary is $68,254.
Apple’s stock rose about 80% last year and briefly took the company’s market value past $3 trillion this week.
Cook, the son of a shipyard worker and a part-time pharmacist, grew up working class on East Silverhill Avenue in Robertsdale. At Auburn, Cook learned to program and even created a system to improve the timing of traffic lights near the university.
He has spent 24 years with Apple and took over the company from Steve Jobs in 2011.
“It has been a remarkable decade for Apple, and in 2021 Mr. Cook was granted an equity award for the first time since he was promoted to the CEO role,” Apple said in the SEC filing. Over his time as CEO, Apple’s shares have risen by more than 1,100%.
Cook plans to donate most of his wealth to philanthropic causes.
