June 25, 2022

Dubai Week

Complete Dubai News World

Apple CEO paid $ 100 million in 2021

Apple CEO paid $ 100 million in 2021

Tim Cook, general manager of the “Apple” group, received a total of $ 98.73 million in the form of salaries, incentives and shares last year, an American celebrating his tenth year on a record scale. Information giant in 2021.

According to a document submitted to the US Stock Exchange Oversight Commission on Thursday, this figure represents an increase of almost 570% compared to 2020.

The bulk of the proceeds ($ 82.35 million) came from shares held by Apple to Tim Cook, who also received $ 12 million for violating the group’s internal financial goals.

As for Cook’s annual base salary, it remains unchanged at three million dollars compared to previous years.

“Apple” is making strong gains in the Wall Street stock market, falling below this threshold as it surpasses the $ 3,000 billion mark as a pioneer in two stock market history.

With the launch of the first model to work with fifth-generation technology at the end of 2020 and then the launch of new models last September, the giant team has again benefited from the strong sales of its most popular product “iPhone” in 2021.

Document sent to the Stock Exchange shows that Apple’s stock has risen 1174% since taking office with Cook in 2011 until the end of September 2021.

Forbes estimates Tim Cook’s personal wealth at $ 1.5 billion, far less than the wealth of other major corporate leaders.

The rankings are dominated by Tesla chairman Elon Musk at $ 271.5 billion, followed by Amazon founder and CEO Jeff Bezos at $ 189.1 billion.


Follow our latest local and sports news and the latest political and economic developments via Google News

Share

Print




See also  Tesla sells $ 5.7 billion a week