Apple doubles Tim Cook's compensation after successful year<article>
<section class="page">
<p>
Apple is clearly happy with CEO Tim Cook’s performance, as his compensation keeps going up and up and up. In 2014, his pay package was valued at $9.22 million, more than double what the company offered him in 2013.</p><p>
Cook’s actual salary was $1.75 million last year, but he also took in $6.7 million in non-equity incentive pay, according to a
Thursday filing with the U.S. Securities and Exchange Commission. In 2013, Cook made $4.25 million.</p><p>
But it was retail chief Angela Ahrendts who made the most of any Apple executive in the last fiscal year. The company recruited Ahrendts from luxury retailer Burberry in May and paid her to relocate from the United Kingdom to the States. Apple gave the exec $70 million in stock grants in the last fiscal year, $37 million of which was compensation for Burberry stock she gave up to take the Apple job. Ahrendts’ annual salary is $1 million.</p><p class="jumpTag"><a href="/article/2874799/apple-doubles-tim-cooks-compensation-after-successful-year.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
Source:
Apple doubles Tim Cook's compensation after successful year
