Apple CEO Tim Cook’s 2016 executive compensation dropped 14.9 percent, despite a $1 million salary increase.
The top dog made exactly $8,747,719 last year, according to a proxy statement filed with the Securities and Exchange Commission. That was down from $10,281,327 in 2015.
Cook’s actual salary was up from $2 million to $3 million over the most-recent 12 months. Where his all-in earnings suffered was non-equity incentive compensation, which decreased year over year from a flat $8 million to $5.37 million. That’s a decrease of nearly one-third.
Cook actually clocked in with some extra dough sitting in the catch-all “All Other Compensation” category. He pulled up almost an extra hundred grand there versus 2015, with $377,719 to last year’s $281,327.
Apple’s other top execs — CFO Luca Maestri, and SVP’s Angela Ahrendts, Eddy Cue, Dan Riccio and Bruce Sewell — all made much more than their boss once-again, thanks to generous stock awards. Each of those respective divisional leaders made a bit under $23 million last year.
Yeah, it’s still good to have Apple stock.