Apple’s Compensation Breakdown for 2014
Since Apple is a publicly traded company, they are required to make public, all of the information available regarding the operation of the company.
This, of course, also means that information showing how much the company pays each person in upper management also has to be disclosed. And its always interesting to see just how much the minds behind one of the world’s most innovative corporations are compensated.
Here is a breakdown of how much Apple pays its “movers and shakers”:
It can be said that Apple’s “Top Dog”, Tim Cook earns more than minimum wage.
Actually he, most likely earns more than the minimum wage for the next 1,000 years.
At $9.2 million in 2014, Cook’s income is based on, $1.7 million in base salary and $6.7 million is non-equity compensation.
Non-equity compensation is the money that Tim makes based on how the company performs under his direction. Since this is more than double what Cook made in 2013, its obvious Apple did quite well in 2014.
Cook joined Apple’s team in 1998 as the Senior Vice President (SVP) of Worldwide Operations.
He also served as Executive Vice President (EVP) of Worldwide Sales and Operations and as Chief Operating Officer (COO) until he succeeded Steve Jobs as CEO of Apple in August 2011.
In 2012, Cook was awarded one million shares of Apple stock, as compensation, vesting in 2016 and 2021, by Apple’s Board of Directors.