Apple’s Tim Cook earns a lot of money

23 Jan 2015615 Views

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.

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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

Dean Van Nguyen was a contributor to Silicon Republic

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