Should Elon Musk be scared?
Tim Cook received a salary of 1,447 times the average salary of Apple Inc. employees in 2021.
Tim Cook has received US $ 98.7 million in 2021 of which his salary is US $ 3 million, US $ 82.3 million in share awards, US $ 12 million for achieving company targets and US $ 1.4 million for air travel, 401 (k), insurance premiums and other- another.
The median salary for Apple employees in 2021 is US $ 68,254 compared to the median salary in 2020 of US $ 57,789 and that salary ratio is only 256 times that of Cook’s salary.
Apple has jumped more than 30% to US $ 365.82 million for fiscal year 2021 and its shares once reached US $ 3 trillion in market capitalization in the same year as a result of high demand in 2 years after home -working consumers spent big on upgrades.
Since Cook took over as Apple’s chief executive officer from Steve Jobs in 2011, Apple shares have jumped 1,000% and last September, Cook received his first 333,987 units of restricted stock since 2011 as part of a long -term equity plan.
Meanwhile, Cook once told Fortune magazine in 2015 where he planned to donate his wealth to charity.
