Source link : https://tech365.info/apple-ceo-tim-cook-dinner-earned-74-6-million-in-2024/
Apple CEO Tim Cook dinner earned $74.6 million in 2024, up from $63.2 million in 2023, Apple mentioned in its annual proxy submitting.
Cook dinner’s earnings included a $3 million base wage, $58 million in inventory awards, $12 million in performance-based awards, and $1.5 million in different compensation, reminiscent of 401(okay) contributions, life insurance coverage premiums, trip cash-out, safety bills, and private air journey bills. Cook dinner is required by Apple to make use of personal plane for each enterprise and private journey.
Apple set a goal compensation of $59 million for Cook dinner, however Cook dinner earned extra by means of the money incentive payout that executives obtain when Apple performs nicely.
Although Cook dinner’s 2024 compensation exceeded what he earned in 2023, it was nonetheless down from the $99 million that he was awarded in 2022. Cook dinner and the Board of Administrators opted to lower Cook dinner’s complete compensation after his 2022 earnings reached virtually $100 million.
Different Apple executives, together with Luca Maestri, Kate Adams, Deirdre O’Brien, and Jeff Williams, earned $27.2 million.
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Author : tech365
Publish date : 2025-01-11 07:37:06
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