Apple CEO earned 1,447 times more than average Apple employees in 2021

Apple CEO earned 1,447 times more than average Apple employees in 2021

CEO Tim Cook made $987 million USD (approximately $125 million CAD) in 2021

Apple CEO Tim Cook made $987 million USD (approximately $125 million CAD) in 2015, according to a proxy declaration submitted by the business.

Cook’s wage remained constant at $3 million ($ 3.8 million CAD) however saw the addition of $823 million (approximately $104 million CAD) in stocks, and $13 million ($164 million CAD) in other settlement, consisting of rewards. This is practically 7 times his 2020 pay and eight-and-a-half times his 2019 pay.

MacRumors reports this number does not consist of the $750 million in shares Cook handled as part of a ten-year plan when he ended up being CEO.

The boost in pay is reflective of Apple’s basic success over the in 2015. When stock exchange opened for the very first time this year, Apple ended up being the most important business worldwide when it was (briefly) valued at $3 trillion USD.

However this success wasn’t shown throughout the business. As The Brink reports, Apple workers were singing about a variety of concerns in 2015, consisting of openness on pay equity Staff Members likewise introduced a site to share declarations on supposed mistreatment they dealt with at the business.

The declaration even more goes on to state the mean settlement for staff members in 2021 was $68,254(approximately $86,000 CAD). This consists of base pay, perks, and commissions. The settlement ratio in between Cook and staff members is 1,447 to 1.

Image credit: Shutterstock

Source: Apple Via: MacRumors, The Edge

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