Tech giant Apple yesterday revealed the salary of its top brass in a proxy filing
Tim Cook
New york: Tech giant Apple yesterday revealed the salary of its top brass in a proxy filing. The company’s chief executive Tim Cook made $10.3 million pere year (Rs 69 crore) last year as Apple’s CEO, but other top executives each made $25 million each in 2015.
Tim Cook Pic/AFP
Apple said that it exceeded maximum performance goals for net sales and operating income, resulting in the maximum potential payout for its employees.
Cook’s compensation rose 11.5% in 2015, a year when its sales grew 28% and profits by 35%, the company said on Wednesday. Chief Financial Officer Luca Maestri’s annual compensation rose about 81% to $25.3 million in 2015.
In fact, Cook was the lowest-paid of the company’s top executives. Angela Ahrendts, the senior vice president for retail and online stores, was the highest paid, with a total pay package of $25.8 million.
The big difference between Tim Cook and the other execs is that Cook does not receive any stock awards.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
