Apple Inc boss Tim Cook’s pay in 2021 was 1,447 times that of the average employee at the tech giant, a filing on Thursday showed, fueled by stock awards that helped him earn a total of nearly $100 million.
Summary
- Apple CEO Tim Cook attends the premiere for season two of the television series “Ted Lasso” at Pacific Design Center in West Hollywood, California, U.S. July 15, 2021.
- In 2021, the median pay for employees was $68,254, Apple said, adding it had selected a new median employee for comparison due to changes in hiring and compensation.
- The median pay in 2020 was $57,783 and the pay ratio was 256 times Cook’s salary.
- In total, he earned $98.7 million, compared with $14.8 million in 2020.
- In September, Cook received 333,987 restricted stock units, in his first stock grant since 2011 as part of a long-term equity plan.