Apple is among the largest businesses on the planet.
However, its CEO Tim Cook isn’t one of the highest-paid leading executives on the planet.
As per a report from The Wall Street Journal (WSJ),” Cook’s yearly salary in 2020 was approximately $14.7 million.
The Wall Street Journal has released its positions of greatest paid CEOs in the Standard & Poor’s 500 index.
Cook’s yearly salary puts him at number 171 on the listing.
Lately, Apple is the best most firm in the S&P 500 index having a market value of more than $2 billion dollars.
Cook’s salary package was only marginally greater than the normal salary of high CEOs throughout the world.
According to WSJ, around the S&P 500 indexthat the average CEO salary was approximately $13.4 million.
The Apple CEO’s salary climbed by 28 percent in 2020, according to the report.
Do note that wages is only part of what Cook because he can get stock choices function as CEO of Apple.
This past calendar year, a report by Bloomberg had disclosed that Cook had eventually come to be a billionaire.
The Bloomberg report said that a enormous chunk of Cook’s estimated prosperity comes in”equity awards he has received since joining Apple in 1998.” After Cook took over as CEO of Apple at 2011, the corporation’s estimate market value was approximately $350 billion.
According to Bloomberg,” Cook possesses over 8.47 lakh shares of Apple, that can be worth roughly $375 million.
According to the calculations performed by Bloomberg, Cook added an additional $650 million into his net value by”profits from preceding share earnings, benefits and additional damages.” Cook is one of the rare billionaires today who has got the cut with no founder of the business he heads.