It has been revealed that Apple CEO Tim Cook earns a lot of money – US$9.22m last year, in fact.
As revealed by Bloomberg, Cook’s pay package for 2014 included his set salary of US$1.75m and a payout of US$6.7m in non-equity incentive compensation for the fiscal year that ended in September. It adds up to a 50pc rise in Cook’s earnings when compared to 2013.
Apple revealed the information in a filing with the US Securities and Exchange Commission.
The consumer tech giant’s value effectively doubled under Cook’s leadership since he took the helm of the company in 2011. In November it was revealed that the company had hit a record market capitalisation of US$700bn, cementing its position as the world’s most valuable company.
Money image via Shutterstock