Amaya Toman Apple CEO Tim Cook earned more than $2018 million for the 15 financial year. Compared to the previous year, this is a 22% increase. However, he was far from the company's highest-paid executive. The data comes from documents US Securities and Exchange Commission.
Tim Cook's basic salary was 3 million dollars, another 12 million was a cash reward linked to performance determined by Apple's board of directors. 682 thousand dollars then falls into the non-specific category Other compensation. The said salary does not include stock awards that Cook received in 2018.
Angela Ahrendts, Jeff Williams and Luca Maestri's base salary for 2018 was equal to one million dollars, and the stock awards were more than $21 million. The mentioned salaries considerably exceed the average salary at Apple, which is around 55 thousand dollars. Cook, with his almost 16 million annual salary, earns roughly 283 times more than ordinary employees of the Cupertino company.
Apple posted a net profit of $2018 million in the fourth fiscal quarter of 14,12. iPhone sales were the best, but services and wearable electronics are also on the rise. The company's value reached one trillion dollars last year. But recently, Tim Cook issued a note to investors in which he announced a reduction in the revenue estimate for the first quarter of the new fiscal year.
"Apple reports net income of $2018 million in fiscal fourth quarter 14,12"
You're probably a bit confused, aren't you?
yeah yeah, poverty doesn't lose honor, grandma used to say