That hefty pay package is about 200 times more than the median Apple employee earned in compensation during the same time period, the company noted. According to Apple, the median compensation among its global workforce of more than 130,000 full time employees and of its staff of part-time employees was $57,596 during the 2019 fiscal year.
Cook’s compensation package included a $3 million base salary, roughly $7.6 million in incentive pay, and the nearly $800,000 that it cost Apple to provide security and private air travel for Cook. The wide gulf between Cook’s pay and that of the median employee is similar to other highly-compensated tech CEOs. Microsoft CEO Satya Nadella made roughly 248 times more than the median employee during the company’s fiscal 2019 year.
Apple’s workforce includes the engineers and designers that work in its $5 billion headquarters, as well as tens of thousands of retail employees that work at its retail stores around the world. Apple said the median employee compensation figures included base salaries. bonuses, commissions and the fair value of equity awards.
While Apple’s stock surged roughly 89 percent in the 2019 calendar year, the stock was actually down 2% during the period of the company’s fiscal 2019 year.
So what !
Well the stock has done well. Perhaps they can offer some as carrots to employees who make certain benchmarks.
Which is what, about $88/ employee making $124k/year (median) or 0.07% per employee median salary? Outrageous, indeed. Cut it in half and each Apple employee will get a 0.035% jump in compensation!
Tim Cook's total pay dropped last year, but he still made over $125 million
He's with well over 50 million/year. Shareholders have made a killing
That’s what he signed up for
Class warfare is fun!
That’s not a lot for the value he created.
What a bargain for a guy whose added over a trillion dollars in market cap in less than a decade
That seems fair. How many other people at Apple could do his job?
Looks like he is massively underpaid compared to what the average Apple employee produces. He needs a massive raise.
11 mil to run a trillion dollar company. That’s kinda lame really.
Here comes the jealousy!
Deserves every penny
He's running a trillion dollar company, of course he's paid more than the average employee.
He is probably 200 times more valuable than this median employee you are talking about.
Seems low in comparison to the company’s stock performance and in comparison to a lot of other Fortune 500 companies
For what? Riding on Jobs’ coattails.
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Source: BusinessInsider - 🏆 729. / 51 Read more »