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Apple CEO Tim Cook received nearly $100 million in compensation in 2021
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Apple Inc. Chief Executive Officer Tim Cook received almost $100 million in compensation in 2021, a year in which he completed 10 years as the company’s CEO and led the iPhone maker to record profits during a global pandemic.
His $98.7 million pay package rose more than 500% compared with the previous year’s $14.8 million, according to the tech giant’s annual proxy filing with the Securities and Exchange Commission.
APPLE HITS $3T IN MARKET VALUE, FIRST FOR US COMPANY
Apple has benefited from new iPhones with 5G cellular capability and workers and students stuck at home during the pandemic buying laptops and iPad tablets. The company’s stock rose about 80% last year and continued to rise in recent days to briefly take Apple’s market value past $3 trillion this week before nudging downward. Apple’s profit and sales in the 2021 fiscal year exceeded the company’s past records, with sales topping $365 billion.