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Apple CEO Tim Cook will receive almost $ 100 million in bonus for 2021


Rain of money at the smartphone king: Thanks to strong demand during the pandemic, Apple made record sales in 2021. The company thanks its boss for this - with a sum of almost three-digit million.

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Apple boss Cook: Millions for the CEO


Apple CEO Tim Cook received almost $ 100 million for the past year.

That is more than six times as much as last year.

The company announced that the base salary was still at three million dollars.

However, Cook received, among other things, $ 82.3 million in the form of stock bonuses and $ 12 million as a success bonus.

Apple spent around $ 1.4 million on personal protection for Cook and the use of a private jet, among other things.

Ultimately, $ 98.7 million ended up with Cook.

That's roughly 1,447 times the average employee of the US tech giant, who had revenues of $ 68,254 last year.

In 2020, the average salary was $ 57,783.

Share price climbed 1000 percent

The year 2021 marked the tenth anniversary of Cook's appointment as CEO after the retirement of company founder Steve Jobs in August 2011. Since then, the share price of the technology company has climbed more than 1000 percent.

“It's been a remarkable decade for Apple,” the company writes in the relevant press release. For this reason, the equity investment that Cook received for the first time was “in proportion to the size, performance and profitability that Apple achieved during his tenure . "

The iPhone maker benefited from strong demand for its products and services last year and increased sales by 30 percent to $ 365.8 billion in fiscal 2021.

For a short time Apple even cracked the three trillion dollar mark on the stock market.

rai / Reuters

Source: spiegel

All business articles on 2022-01-07

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