Top boss’ annual pay has soared 142 percent — to $10.3 million — in two years
Apple CEO Tim Cook’s total 2015 compensation topped $10 million, jumping a million bucks year over year. His overall pay has grown 142 percent in two years.
While the all-in number of a rounded $10.3 million is nothing to sneeze at, Cook’s senior vice president colleagues — Luca Maestri, Angela Ahrendts, Eddy Cue, Dan Riccio, and Bruce Sewell — all made $25 million-plus last year. They can thank their stock holdings for that. Each of the SVPs tallied a bit over $20 million in that category in 2014.
Don’t feel bad for Cook, however — his net worth is an estimated $785 million. That said, the philanthropist has revealed plans to give away all or most of that money.
Here’s how Cook’s pay breaks down: a salary of $2 million, up from about $1.75 million in 2014; non-equity incentive plan compensation of $8 million, up from $6.7 million; and $281,327 under the catch-all heading “all other compensation” — down almost half-a-million bucks year over year.
Compare Cook’s paycheck to Disney boss Bob Iger’s $44.9 million in 2015, which was actually down from the prior year.
Read about Apple’s fiscal 2015 here.