Apple in 2021 paid its CEO Tim Cook an amount that is 1,447 times the median salary of the company’s employees. In documents released by Apple, Cook received nearly $ 100 million in a year.
Recall that the median is the salary, which divides all workers into two equal parts: the salary of some is less than the median, the salary of others is more. Apple estimates that the median employee wages were $ 68,254 in 2021. For comparison: in 2020 it was $ 57,783, and Cook received 256 times more.
In the wake of growing demand for iPhone smartphones, Apple’s revenue for the year grew more than 30% to $ 365.82 billion, and the company’s market capitalization recently briefly exceeded $ 3 trillion.
Cook, whose salary remained at $ 3 million, received another $ 82.3 million in shares, $ 12 million in bonus for the company’s achievement of certain financial indicators and $ 1.4 million in air travel, retirement plans, insurance premiums, etc. P. In total, he received $ 98.7 million. In 2020, Cook’s earnings were $ 14.8 million.
Cook took over Apple in August 2011, when co-founder Steve Jobs retired months before his death. During the time that Cook has been running the company, its shares have risen by more than 1000%.
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