Stock Groups

Apple’s Tim Cook paid over 1,400 times the average worker in 2021 -Breaking


© Reuters. FILE PHOTO. Apple CEO Tim Cook attended the premier of season 2 of “Ted Lasso,” at Pacific Design Center, West Hollywood, California. It was July 15, 2021. REUTERS/Mario Anzuoni

(Reuters) – Apple Inc (NASDAQ) CEO Tim Cook earned 1,447x the salary of an average employee in 2021, according to a Thursday filing. https:// was fueled by stock options that allowed him to earn a total amount of almost $100 million.

Apple stated that the 2021 median salary for employees was $68,254, adding that it had chosen a median employee to compare with changes in compensation and hiring.

The 2020 median income was $57,783 while the ratio of pay was 256.

As more people work from their homes, the iPhone manufacturer has seen a strong demand over two years for its products. Apple revenues rose by 30% to $365.82Billion for fiscal 2021. That boosted Apple’s shares to just over $3Tillion this year.

Cook received an $82.3million stock award, $12 Million for Apple’s success and $1.4M for airline travel, 401K plan, premiums and other benefits.

His total compensation was $98.7 million, as compared to $14.8million in 2020.

After the death of Steve Jobs, Apple’s founder in July 2011, Cook assumed control. Apple shares have risen more than 1000% over the years.

Cook was granted 333,987 stock units in September as part of his new long-term equity program. Cook will be eligible for additional units depending on his performance in 2023.

For Corporate America, CEOs were paid 351 times as much as a typical worker in 2020, a report by the Economic Policy Institute showed.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.