Vratislav Holub In recent days, Apple shareholders have been heavily criticizing the salary of Tim Cook, the company's CEO. According to published data, he earned just under $2021 million in fiscal year 99, and this amount consists not only of the salary itself, but also of bonuses, compensation and shares. Although it seems like an extreme amount of money at first glance, is the amount really that high in the end when we compare it to the income of the CEOs of other tech giants?
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Flying around the world with Apple Income of directors of leading companies
Director Google, Sundar Pichai, like Cook, will come up with quite a fabulous amount of money. Although his salary is "only" 2 million dollars, for example, in 2016 he earned a total of 198,7 million dollars (salary + shares), which significantly exceeds the mentioned director of Apple. What about then Microsoftu, which has been under the thumb of Satya Nadella since 2014, whose annual revenue for fiscal year 2021 reached $44,9 million, a 12% improvement over the previous year. The director of the company is not feeling well either AMD, Lisa Su, who specializes in the development and manufacture of chips and processors. It will cost approximately 58,5 million dollars per year.
Bosses of other companies
Along with AMD, it is also appropriate to mention the boss Intel, in this case rather bosses. As the company has lost its leading position in recent years and is facing considerable problems, the CEO has therefore been replaced. Until relatively recently, the company was headed by Bob Swan, who earned almost $2019 million in 67. He was subsequently replaced by the former head of VMWare, Pat Gelsinger, whose annual compensation is not entirely known. But one thing is certain. If he earned $42 million a year in a well-established company, then Intel must pay him much more if we take into account the fact that he is coming to a failed company to solve the current crisis. According to some information, he could theoretically receive a total compensation worth more than 100 million dollars.
Manufacturer of graphics chips Nvidia has enjoyed considerable popularity in recent years. He is currently behind the extremely popular RTX graphics cards for gamers, as well as running the GeForce NOW cloud gaming service and constantly working on interesting new products. It's no wonder, then, that the company's boss and co-founder, Jensen Huang, earns just over $19 million a year. We can come across an interesting situation in the case of a company director Meta (formerly Facebook), the well-known Mark Zuckerberg, whose annual salary has been $2013 since 1. But it doesn't end there. Adding all compensation, bonuses and stock to that, the total compensation is $25,29 million.
Is the criticism of Cook correct?
If we look at the total compensation of the CEOs of other tech giants, we can immediately see that Tim Cook is one of the highest paid CEOs. On the other hand, it is necessary to take into account an important fact - Apple is still the most valuable company in the world with considerable income. But whether the shareholders will really be able to push through a change in the current boss's pay is unclear for the time being.
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Adam Kos 