Cook
News on January 7, Apple submitted a proxy resolution to the U.S. Securities and Exchange Commission (SEC), which mentioned the specific compensation of Apple CEO Tim Cook in 2021.
In 2021, Cook received a total annual salary of $98.73 million. It is divided into four parts: basic salary of $3 million, performance rewards of $12 million, and equity awards of $82.34 million, plus $1.39 million in other subsidies such as vacation expenses, personal security expenses, and private jet costs.
Cook's annual salary in 2020 is composed of three parts: basic salary of $3 million and performance incentives of $10.731 million, and other subsidies of $1.0382 million, totaling $14.77 million.
In contrast, we can find that this year's Cook salary has an additional $82.34 million in equity awards, which is part of apple's reward based on Cook's achievements in the past three years. As a result, Cook's total salary in 2021 has increased by about 6.7 times compared with 2020.
But Cook also "deserves" to receive so many bonuses.
Because from August 25, 2018 to August 24, 2021, Cook led Apple to record a return of 191.83% for shareholders.
In 2021, Apple achieved net sales of $365.8 billion and revenue of $108.9 billion, up 33% and 64% year-over-year, respectively.
Both figures far exceed apple's board of directors' 2021 targets, which originally set a maximum net sales of $322 billion and a maximum revenue of $77.8 billion. Cook accomplished this with ease.
In the 10 years from August 2011 to August 2021, Cook led Apple to create a cumulative total return of 1,174 percent for shareholders, including dividend reinvestment, compared with 363 percent for the S&P 500 over the same period.
Apple's rate of return
Looking at the comparison between Apple and 16 large companies in the technology field such as Amazon, Intel, Microsoft, and Oracle, Apple's revenue and market value are 5 times and 9 times the median of these 16 companies, respectively, which are among the highest.
This is enough to show that under Cook's leadership, Apple has performed very well in the past 10 years. So he took $82.3 million in equity incentives, which was well deserved.
Salary statistics for Apple executives over the past three years
In addition, from this salary list, we can also see that the salaries of the 5 core executives, including Cook, will exceed $25 million in 2021. It is worth mentioning that although Cook took $82.34 million in prize money this year, he has never received similar bonuses in 2019 and 2020, while the other 4 core executives have received them.
While Cook was earning more than $10 million in 2019 and 2020, other executives were all in salaries ranging from $19 million to $26 million that same period.
But apparently Cook didn't mind that, and he never said, "As the top manager of the company, I can't always be paid less than other executives."
At this point, it is recommended that ceminos of other companies learn more from Cook!