What you need to know
- Apple CEO Tim Cook raked in a massive $98.7 million during 2021.
- The money was made up of basic salary, stock, and more.
- Cook's base salary came in at $3 million for the year.
Apple CEO Tim Cook earned almost $100 million during 2021 according to a proxy statement filed by the company. Of that, just $3 million was his base salary with the rest made up of stock awards and other income related to his role at the company.
Cook's total pay came in at $98,734,395 for the year.
The documentation, filed with the SEC, also outlines the income of CFO Luca Maestri, General Counsel Kate Adams, SVP of retail + people Deidre O'Brien, and COO Jeff Willaims. All of those execs earned a $1 million per year salary according to the documents, with a roughly $27 million total income.
On Cook's bumper payday, Apple noted that 2021 marked the tenth anniversary of his reign at the company which resulted in an equity award.
While the numbers on show here are indeed staggering, it's possible to argue that Cook and his team have been worth every penny to Apple in recent years. The company has gone from strength to strength in terms of revenue and its spot in the marketplace and that, ultimately, is what the executive team is there to ensure.
The full SEC statement can be read online now.
Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.
I love Apple, but that's hideous.
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