Apple CEO Tim Cook Gets $1 Million Pay Raise

SAN FRANCISCO (AP) —

Apple CEO Tim Cook got a raise of more than $1 million last year, though he didn’t make as much as his top lieutenants.

The tech company said in a filing that Cook’s total pay was nearly $10.3 million, including $2 million salary, an $8 million bonus and $209,000 for private security. Apple paid five senior vice presidents more than $25 million apiece, including stock grants worth $20 million.

Cook hasn’t received stock in recent years. He was given restricted grants worth $384 million in 2011, when he became CEO.

Apple earned a record $53 billion profit on sales of $233.7 billion in the fiscal year ending in September. Its stock rose 15 percent during that period, although shares have sagged recently amid worries about Apple’s ability to keep growing.

To Read The Full Story

Are you already a subscriber?
Click to log in!