Apple CEO Tim Cook received compensation of 98.7 million dollars last year, according regulatory documents.
This amount represents a substantial increase from the $14.7 million received last year.
Cook’s base salary is $3 million, but I managed $12 million as a bonus for achieving the company’s financial and environmental sustainability goals.
In addition, Cook received RSUs worth US$ 82.3 million in recognition of his trajectory in the ten years he was at the helm of the company.
RSUs are shares of a company that are not fully transferable until certain conditions are met: company performance and timing in Cook’s case. Once these conditions are satisfied, the shares are no longer restricted and can be transferred to the holder of the RSUs.
2021 marks 10 years of Tim Cook’s leadership as Cook as CEO.
It was a remarkable decade for Apple, and in 2021, Mr. Cook received a stock award for the first time since being promoted to CEO in August 2011.
The structure of this reward is more in line with the time and performance-based RSUs that are awarded to our other executive appointees, while the value recognizes their exceptional leadership and is commensurate with the size, performance and profitability that Apple has achieved during their time. mandate.
The document also reveals that Apple has dedicated more than $700,000 for Private Jets for Cook’s Daily Travelas the company has decided that it poses too high a security risk to travel on commercial flights.
The company also paid hundreds of Thousands of dollars in manager’s personal security, social security contributions, life insurance, and unused vacation pay.
Cook, who has a fortune of more than $1 billion, according to Bloomberg, you already said that He plans to donate his entire fortune to charity before he dies.