The tech giant chief's salary will be decreasing from $84m last year to $49m in 2023 on his own recommendation. Theres a veneer that its been earned, she said. Also read: Heres how much salary Parag Agrawal will get as Twitter's new CEO, Also read: CII calls for continued support to small businesses amidst Omicron spread, Also read: COVID-19: 52% parents dont want to send kids to in-person schools: Survey, Copyright2023 Living Media India Limited. (Sonnet Echo 20) #shorts. This includes $17,100 in 401(k) contributions, term life insurance payments, a $115,385 vacation cash out, security expenses in the amount of $470,246, and $432,564 in personal air travel expenses. Is he dead or alive? Moonshot copycats are appearing in some fairly staid places, like Restoration Hardware, Paycom Software Inc. and JPMorgan Chase & Co. 50 features and changes you might have missed in macOS Ventura. Apple CEO Tim Cook: 2021 Compensation - Movie news, TV news, awards However, the amount is only a fraction of his total compensation. Apple CEO Tim Cook 's compensation ballooned to nearly $100 million in 2021, a sixfold increase from the prior year. Fast forward to the present and Apple's market cap is above $2.4 trillion. CEOs in the United States were paid 351 times more than the typical worker in 2020, a report by the Economic Policy Institute showed, while the compensation of top CEOs grew roughly 60% faster than the stock market from 1978 to 2020, eclipsing the slow 18% growth in a typical worker's annual pay. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. He graduated in the top ten of his class and was awarded the title of a Fuqua scholar. Those shares would be granted only if Apple out-performed 2/3 of the S&P 500. It was seeing declining profits and no profit growth. Mega grants can ripple through industries. He knows, he said, because it happened to him, too. Apple CEO Tim Cook received $98.73 million in compensation in the company's fiscal 2021, according to an SEC filing published on Thursday. Despite being one of the highest-paid business executives in the world, Tim lives in a surprisingly modest 2,400 square-foot home in Palo Alto, California. According to a report by The Wall Street Journal (WSJ), Cook's annual salary in 2020 was about $14.7 million. The length of his term will be three years. As Chief Executive Officer at Apple Inc. , Tim Cook made $99,420,097 in total compensation. Under Cooks stewardship, Apple became the first company to hit a market cap of $1 trillion. Data from governance advisory firm ISS Corporate Solutions and interviews with compensation advisers and lawyers who help shape and negotiate pay packages show Teslas moonshot grant set off a lingering echo in many executive suites. The Department of Justice later ordered Apple to create custom firmware for iOS that would allow investigators to unlock any iPhone for gathering evidence. Cook . In 1988, Cook earned his Master of Business Administration from Fuqua School of Business at Duke University. In August 2021 Time received his 10th and final installment of the original compensation plan. Apple CEO Tim Cook Earned Almost $100 Million in 2021 - Business Insider APPLE boss Tim Cook earned 1,447 times that of the average worker at his company in 2021.The staggering figure was revealed by Apple in a report sent. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Those flight costs come to around $315,000 per year. Last year, a report by Bloomberg had revealed that Cook had finally become a billionaire. Exclusive news, data and analytics for financial market professionals, Reporting by Nivedita Balu in Bengaluru; Editing by Krishna Chandra Eluri and Devika Syamnath, Exclusive: US, Dutch set to hit China's chipmakers with one-two punch, AMD's AI chips could match Nvidia's offerings, software firm says, Twitter now needs users to sign in to view tweets, SEC spells out bitcoin ETF concerns to asset managers, Draft EU artificial intelligence rules could hurt Europe, executives say, Chipmaker TSMC says supplier targeted in cyberattack, Britain's ex-PM Johnson urges court to allow WhatsApp messages in COVID inquiry, India's Byju's seeks investors for Aakash Education stake, ET Now reports, Polestar to adopt Tesla's supercharger network in the US, Canada. Apple notes in the proxy filling that 2021 marked the 10th anniversary of Cook's tenure as CEO. Apple's performance exceeded the target performance goals for net sales and operating income, leading to a total payout of 179 percent of the total payout opportunity for Cook and other Apple executives. Elon Musk is the envy of chief executive officers. The replacement awards were granted in connection with Oak Street Healths conversion to a C-corporation from a partnership. Here's how much salary Apple CEO Tim Cook earned in 2020 - Times of India, Trader slits man's throat for chatting with his wife, drinks blood, 5 Vande Bharat Express trains' flag off by PM Modi: Check timings of Mumbai-Goa, Patna-Ranchi & other new trains, Ghatkopar building collapse: Bodies of mother-son duo recovered, Terms of Use and Grievance Redressal Policy. As per the calculations done by Bloomberg, Cook added another $650 million to his net worth by proceeds from previous share sales, dividends and other compensation.. The Bloomberg report stated that a huge chunk of Cooks estimated wealth comes from equity awards hes received since joining Apple in 1998.. One year later, the Apple Watch was announced. Apple CEO Tim Cook is at the top of one of the biggest tech firms in the world. dropped $1 trillion from its peak a year ago, production challenges with its cash cow, the iPhone, You can watch the first episode of Apples Silo on Twitter. The Bloomberg Pay Index is a ranking of the highest-paid executives of publicly traded companies that file compensation data to the U.S. Securities and Exchange Commission. He was awarded one million shares in 2012 by Apple's board of directors. Copyright 2000-2023 MacRumors.com, LLC. Note: Some of the awards were granted in fiscal years that dont correspond with the calendar year. Mega grants often come with carefully engineered performance thresholds and promises that therell be no consolation prize for the executive if things dont pan out. The third largest individual shareholder is Senior VP of Software Engineering, Craig Federighi, who has 412,000 shares as of this writing. However, thanks to Teslas soaring stock price and rising profitability, he unlocked billions of dollars worth of stock options in 2021, which made him the highest-paid CEO and the world's richest person, Elon Musk spent 1% of his net worth to buy 9% of TwitterI spent 1% of my net worth on a Taco Bell value meal. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Apple chief Tim Cook takes over 40% pay cut, slashing salary by $35m Apart from the fixed base salary, Cook received a $12. Timothy Donald Cook was born November 1, 1960 in Mobile, Alabama. The changes come entirely from an adjustment in his equity award value, which makes up the bulk of Cooks total compensation. The 61-year-old executive, who reportedly earned $14.8 million in 2020,. Thats because public companies must detail their CEOs rewards in public filings. 2023 The Hollywood Reporter, LLC. If we only look at his base salary of $3 million, he makes around $8,220 every day. The AirPods Max are getting left behind, so are new Apple headphones coming this year? The widening disparity between the average worker and CEO salary in the U.S. has been a burning issue. As far as Apple the company is concerned, he does as good a job as anyone could. . New iPhone 15 Pro Leaks: Should You Upgrade? As part of his latest compensation structure, the percentage of stock units awarded to Cook and tied to the company's performance will increase to 75 per cent in 2023 from 50 per cent. Prior to being named CEO, when he was Apple's Senior Vice President of Worldwide Operations, Tim's salary was $500,000 per year. Today Tim earns a base salary of $3.4 million plus an annual bonus of $8 $12 million. Congratulations well deserved somehow I guess, It isn't well deserved, it's outrageous, just like most CEO pay is. The gap between average worker and CEO pay is significant. Apple CEO Tim Cook Now the Eighth Highest-Paid Executive in the U.S Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Apple CEO Tim Cook has fallen to eighth place on a list of the highest-paid CEOs and executives in the United States last year despite earning more. and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Market Realist is a registered trademark. The transparency was meant to rein in extravagances. Could a board really defend paying just one employee tens of billions of dollars, even if the companys market value rose by more than tenfold? And I was the same person the entire time., Check our past Highest Paid Executives rankings for 2015, 2016, 2017, 2018 and 2019. However, the amount is only a fraction of his total compensation. The top Apple executive received a major windfall from stock awards. He has been spearheading the company since almost 10 years and Cook also received an equity award for the first time ever since he was promoted to the post of a CEO in 2011. . Yet, its CEO, is not amongst the highest-paid top executives in the world. Subscribe for full access to The Hollywood Reporter. Recently, Bernie Sanders tweeted how the differential between the average worker and CEO salary in the U.S. is way above that in Norway. ", 2023 Celebrity Net Worth / All Rights Reserved. For its 2022 fiscal year, APPLE INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Outside of that 560,000 chunk granted in August 2020, Tim already owns 847,969 fully-vested shares of Apple. In total, he earned $98.7 million, compared with $14.8 million in 2020. Is it worth it? . Apple 's boss Tim Cook has taken a pay cut of over 40 per cent, slashing his salary by about $35m, a new regulatory filing by the company revealed. In 2021, we also marked the tenth anniversary of Tim Cooks leadership as CEO. Apples CEO, Tim Cook, received nearly $100 million in compensation last year, but only $3 million of that was his base salary. (WSJ), Cooks annual salary in 2020 was about $14.7 million. The long-rumored mixed reality headset still hasnt been officially announced (though that may finally happen this spring). Probably one of the few CEO's that can justify almost anything he's being paid. Tim joined Apple at a bleak time for the company, before it had developed the iMac, iPod, iPhone, or iPad. Some firms logged ratios in the thousands. At the same time, the pay-for-performance mantra has made massive payouts more resistant to criticism, said Carol Bowie, the former head of Americas research at proxy adviser Institutional Shareholder Services. s salary grew by 28% in 2020, according to the report. Cook drew $3 million in salary, received. Why, then, are so many other institutional investors willing to back extraordinarily large awards for just one person? Most read in News Tech. Cook, who became chief executive in 2011, had previously served as Apple's chief operating officer under Steve Jobs. Markets that contributed the most to Apples sales are Americas ($153.3 billion); Europe ($89.3 billion); Greater China ($68.4 billion); Japan ($28.5 billion); and rest of Asia-Pacific ($26.4 billion). Over the course of 2020, Cook's net worth climbed to over $1 billion, according to calculations from Bloomberg. The products that contributed a lions share to Apples rising net sales are iPhones ($192 billion); Mac ($35.2 billion); iPad ($31.9 billion); wearables, home and accessories ($38.4 billion); and services ($68.4 billion). Cook's next job, in 1998, would be as Apple's Senior Vice President for worldwide operations, where he would be responsible for managing all sales and operations worldwide, including sales activities, and service and support. Apple CEO Tim Cook will receive a pay cut in 2023 to $49 million in total compensation, the company said in a filing with the SEC. MacRumors attracts a broad audience of both consumers and professionals interested in the latest technologies and products. Privacy / DMCA contact / Affiliate and FTC Disclosure. During the . Apple CEO Tim Cook Earned $98.7M in Stock and Salary in 2021. . The figures for Mike Pykosz, Geoffrey Price and Griffin Myers include awards issued to replace incentive units they received as compensation for years prior to 2020. So far, Musks award has yielded him about $33 billion of paper gains and made him the highest-paid U.S. executive for three consecutive years, according to the Bloomberg Pay Index. Other Apple executives, including Luca Maestri, Kate Adams, Deidre O'Brien, and Jeff Williams received over $26 million each. Tim Cook agrees to a massive pay cut | CNN Business Warren Buffett bought $600 million worth of Apple $AAPL stock during the tech giants sell-off in the first quarter Buffett is a big fan of Apple's CEO, Tim Cook, calling him "brilliant" and praising his "managerial touch. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Cook's net worth has climbed to more than $1 billion since 2020, and it may soon exceed that based on the stock awards he's recently been provided with. A decade before the 2008 financial crisis, when stock options were the rage, Coca-Cola Co.s Roberto Goizueta became one of the first CEOs to amass a billion-dollar fortune solely from compensation. In some instances, such as when companies state an intention to not grant additional awards for the duration of the existing awards, they are annualized over the full performance period. However, it hasn't reached that mark again amid the sell-off in tech stocks. Look around corporate America today and youll see more of the same as boards try to inspire bosses to greatness with a swing-for-the-fences shot at tantalizing wealth. It also includes the value of stock grants and option awards, valued as of the companys fiscal year end, not the date they were granted. Its all about the guy in the corner office, and everyone else is just a little helper.. 2023 Vox Media, LLC. That payoff is worth $2.8 billion. The figures include salary, performance-based and discretionary cash bonuses, changes in the executives pension and deferred compensation, and the taxable value of perks. The information shown here is a reporting of information included in the company's proxy statement. Cook requested the change, Apple said in the filing,. Tim Cook - Forbes This report is not for commercial use. Apple CEO Tim Cook's earnings totaled $98.7 million in base salary, stock, and other compensation, according to a statement that Apple filed with the SEC today. A chunk of his grant was performance-based. Apple was the best performing FAANG stock in 2019 and 2020 and the company achieved yet another milestone by hitting a market cap of $2 trillion in April 2020. We also boast an active community focused on purchasing decisions and technical aspects of the iPhone, iPod, iPad, and Mac platforms. Cook attended Robertsdale High School and went on to earn a degree in Industrial Engineering from Auburn University in 1982. He owns $3.4 million worth of shares of Nike. Berkshire Hathaway chair and legendary value investor Warren Buffett has praised Cook multiple times. #shorts. On paper, Musks grant struck some as ludicrous both in size and ambition. Cooks target compensation will be decreasing by $35 million, according to a new regulatory filing, dropping from $84 million in 2022 to $49 million in 2023. Most investors thought so. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Apple shareholders should reject CEO Tim Cook's $99 million pay package Tesla CEO Elon Musk lies on the extreme end and doesn't take any fixed salary or fixed compensation. Tim Cook Salary: Here's How Apple CEO Earned 500% More In 2021 When Tim was appointed CEO in 2011, many questioned how he could out-perform his genius predecessor. In 2022, that value was estimated to be worth $75 million, but this year, that estimate drops to $40 million. All three companies said in filings the awards were meant to keep and motivate the men. Cook donated to the presidential campaigns of Barack Obama and Hillary Clinton. APPLE INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Here's how much salary Apple CEO Tim Cook took in 2021; check details Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation from Cook himself. And when I was in the wrong place, I was a moron. Cook's 2021 pay package was 558% larger. However, the amount is only a fraction of his total compensation. In August 2020 when Apple hit $450 per share, that stake was worth $380 million. The tech giant also disclosed compensation for top executives like Luca Maestri, COO Jeff Williams and general counsel and secretary Kate Adams, who each brought in just under $27 million in pay during the 2021 fiscal year. BY Jonathan Vanian. Since his compensation is mostly variable, it isn't certain that he will make the same amount in 2022. APPLE Tim Cook's pay cut: Apple CEO slashes his own salary by 40% for this year Mr.Cook's 2023 target total compensation is $49 million, a reduction of over 40% from his 2022 target total. By Jay Peters, a news editor who writes about technology, video games, and virtual worlds. Cnbc Jan 2020: $125 million (Cook received $3 million in salary for 2019, the same as a year earlier, while his bonus decreased to $7.67 million from $12 million.The majority of Cook's pay came from the vesting of $113.5 million . Following a 12-year career at IBM, Cook became a chief operating . Data compiled by Yahoo Finance shows that Microsoft CEO Satya Nadella received total compensation of $49.9 million in 2021. Cook received an annual salary of $3 million from Apple in 2021. Only five of the countrys 100 top-paid executives last year were women. Apple Inc. said in a regulatory filing late Thursday that Cook's target total compensation is $49 million for 2023, with a $3 million salary, $6 million cash incentive and $40 million in equity awards. But it also made it easy for executives to look at how much rivals getand seek more. A selection of quick iOS tips that will make you a lot more time-efficient in the long run. Hes submitted several accepted emoji proposals to the Unicode Consortium. Cook attended a private summit hosted by President Barack Obama in 2013 in regard to surveillance and the internet in the aftermath of the incident involving the National Security Agent and Edward Snowden. A cottage industry of consultants soon got to work designing complex packages that often feature large blocks of stock to be paid out based on a constellation of targets, such as the share price or profit. Tim Cook's Net Worth Is About To Cross Billionaire Status For The First Time, Tim Cook's 2021 Compensation Rose 500% As Apple Marched Towards $3 Trillion, How Apple CEO Tim Cook Could Become A Billionaire. Goldman Sachs Wants to End Apple Partnership, American Express Might Take Over, 20 Features You May Have Missed in watchOS 9, How to Auto-Silence Calls and Alerts During Apple Watch Workouts, How to Add MacRumors to Your iPhone's Home Screen, How to Silence Unknown Callers in WhatsApp, Siri Setting Apple Watch Timer Requests As Alarms - How to Fix, iOS 17 Public Beta Coming in July, But Developer Beta is Already Free, Millionaire Trivia: TV Game+ Is This Weeks New Apple Arcade Release Alongside Big Updates, Gorgeous Story Building Puzzle Game Storyteller Is Coming to Mobile Through Netflix Games This September, SwitchArcade Round-Up: The Lara Croft Collection, AEW: Fight Forever, Plus Todays Other Releases and Sales, Pleasure Goal ACA NEOGEO Review Not All Goals Can Be Attained, Tee Lopes Interview The Music of Sonic, Streets of Rage 4, TMNT Shredders Revenge, Soundtracks, and More, McPixel 3 Is Out Now on iOS and Android From Sos Sosowski and Devolver Digital, Pikmin Bloom Pikmin 4 Collaboration Oatchi-Rider Mii Costume Revealed, Romancing SaGa Minstrel Song, Collection of SaGa, and More SaGa Games Discounted Until August 2nd on iOS and Android, Our Apple Devices Wishlist (The MacRumors Show S02E25), This Thunderbolt 4 Dock Has a Cool Trick! Needless to say, the rise was way higher than what the average Apple employee received in the year. Tim Cook Salary: Apple CEO Tim Cook has taken a 40 per cent pay cut in his compensation for 2023. Get weekly top MacRumors stories in your inbox. Goldman Sachs Wants to End Apple Partnership, American Express Might Take Over, 20 Features You May Have Missed in watchOS 9, How to Auto-Silence Calls and Alerts During Apple Watch Workouts, How to Add MacRumors to Your iPhone's Home Screen, How to Silence Unknown Callers in WhatsApp, Siri Setting Apple Watch Timer Requests As Alarms - How to Fix, iOS 17 Public Beta Coming in July, But Developer Beta is Already Free, Millionaire Trivia: TV Game+ Is This Weeks New Apple Arcade Release Alongside Big Updates, Gorgeous Story Building Puzzle Game Storyteller Is Coming to Mobile Through Netflix Games This September, SwitchArcade Round-Up: The Lara Croft Collection, AEW: Fight Forever, Plus Todays Other Releases and Sales, Pleasure Goal ACA NEOGEO Review Not All Goals Can Be Attained, Tee Lopes Interview The Music of Sonic, Streets of Rage 4, TMNT Shredders Revenge, Soundtracks, and More, McPixel 3 Is Out Now on iOS and Android From Sos Sosowski and Devolver Digital, Pikmin Bloom Pikmin 4 Collaboration Oatchi-Rider Mii Costume Revealed, Romancing SaGa Minstrel Song, Collection of SaGa, and More SaGa Games Discounted Until August 2nd on iOS and Android, Our Apple Devices Wishlist (The MacRumors Show S02E25), This Thunderbolt 4 Dock Has a Cool Trick! Upscale home furnisher Restoration Hardware handed CEO Gary Friedman (No. Coronavirus Tips Working and Protection. A selection of macOS tips to make your Mac life a more effortless experience. The iPhone maker hit the milestone in August 2018. Hes submitted several accepted emoji proposals to the Unicode Consortium. He bought the house in 2010, the year before being named CEO, for $1.9 million. Offers may be subject to change without notice. Written by: ET Now Digital Updated Jan 13, 2023 | 08:40 AM IST The Apple boss does not use commercial airlines for jet-setting for work and personal purposes since Apple has provided him a private aircraft for security and efficiency reasons. In 2019, Cook earned $11.5 million, receiving less under Apple's incentive plan compensation. The prospect of amassing 10-figure wealth leading a publicly traded company isnt new. Microsoft stock outperformed Apple in 2021 and the Windows maker briefly became the largest company, ahead of Apple. Jodie Turner-Smith Joins Jared Leto in Disneys Tron 3, TikTok Shake-Up: COO V Pappas to Step Down, Ex-Disney Exec Zenia Mucha to Lead Comms, The Weather Channel Gains Network of Storm-Tracking Cameras Through Google Partnership, Peacock Swipes Right on Ad Deal With Match Group (Exclusive), Mid-Year Hollywood Stocks Review: Spotify Soars, Netflix Gains, Paramount Drops, Broadway Has Dropped Vaccine Mandate, COVID-19 Testing Requirements, Fox News Settles Lawsuit From Former Tucker Carlson Producer for $12M, If Actors Join Writers Strike, U.S. Production North of the Border Could Be Impacted Next, AMPTP Agrees to One-Year, 5 Percent Wage Hike Deal With British Columbia Entertainment Guilds, ESPN Cutting On-Air Talent as It Seeks Additional Cost Savings, The 50+ Best 4th of July Fashion Deals on Designer Clothing and More to Shop All Weekend, The Best 4th of July Travel Sales on Luggage, Flights, Hotels and More, The 10 Best Products to Shop from Charlotte Tilburys Epic Summer Beauty Sale, The Most Stylish Waist Packs for Festivals, Errands and Other Summer Adventures, The Other Two Ending at Max Amid HR Complaints, Taylor Sheridan Does Whatever He Wants: I Will Tell My Stories My Way, The Definitive Voice of Entertainment News. The Project Titan car project is reportedly still years away, and according to a December Bloomberg report, it will now be arriving a year later than originally planned. Salary Tim Cook CEO - Apple Born : 1960, Alabama, United States Annual : $49,000,000.00 Monthly : $4,083,333.33 Weekly : $942,307.69 Daily : $188,461.54 Check your salary From the moment you arrived on this page, Tim Cook has earned: 000 Personal information Tim Cook Tim Cook Net Worth 2023: Age, Height, Weight, Girlfriend, Dating, Bio Whats Cooks salary at Apple and how much does he make in a day? Apple CEO Tim Cook Earned $98.7M in Stock and Salary in 2021 - MacRumors Combine all of this and Cook draws a total of over $98 million from the company. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, The pension fund has voted against many large pay deals, including Musks, often pointing to insufficiently rigorous performance goals. A selection of macOS tips to make your Mac life a more effortless experience. Explore Tim Cook's Bio-Wiki, net worth & salary in 2023. In February 2020 when Apple shares were trading at $320, this chunk was worth around $280 million. For reprint rights: Times Syndication Service, is one of the biggest companies in the world. Apple CEO Tim Cook Salary: At present, Cook owns more than 3 million shares of Apple, less than a 1 per cent stake and he has also sold hundreds of millions of dollars worth of shares over the years, according to Forbes. The largest individual shareholder is Board Chairman Arthur Levinson who owns 1.1 million shares. Tim Cook officially became a billionaire in August 2020 after earning that ninth (and largest) performance stock grant of 560,000 shares. The US-based tech megalith also reported a 64 per cent YoY growth in its operating income in FY21. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The stock has surged over 1,000% since Cook took charge. The index is based on information disclosed in regulatory filings. On the business front, Apple reported a 33 per cent year-on-year (YoY) growth in its net sales in FY21. Levinson has served on the Board since 2000. Net Worth Apr 2022: $2 B (Forbes) $ 700 million rise compared to 2021. Submit a correction suggestion and help us fix it! How Many Shares of Apple Does Tim Cook Own? He is also required to fly privately for all personal and business travel. If no inputs are disclosed, the securities are valued using Bloombergs internal estimates. Gargantuan awardscoming at a time when U.S. wealth inequality by some measures is wider than in almost a centuryare pushing the corporate worlds already-stretched limits of how much one persons work is worth relative to everyone elses. Deirdre OBrien, Apples senior vp retail and people, received just over $27 million during the same year. In September 2015, he elaborated on The Late Show with Stephen Colbert on his decision to come out, "Where I valued my privacy significantly, I felt that I was valuing it too far above what I could do for other people, so I wanted to tell everyone my truth." Apple CEO Tim Cook has been spearheading the company since almost 10 years Apple CEO Tim Cook raked in quite a lot of moolah in the year 2021. Originally from Alabama in the southeastern region of the US, Cook hails from humble roots. Behind him is a string of other mostly male, mostly white corporate leaders with awards projected to pay out nine or 10 figures. With the partnership they had created, they had rescued the company from a downward spiral and took it from less than $6 billion in revenue in 1998 to over $100 billion. The number of issued CEO awards worth at least $25 million has grown four-fold since 2016. At $450 per share (this was before Apple stock split), the 280,000 shares Tim received were worth $126 million. Apple requires Cook to use a private airplane for security reasons. That is roughly Rs 733 crores if converted into Indian Rupees! Id call it FOMOPfear of missing out on performance, Bowie said. Apples operating income stood at $108.9 billion in FY21 compared to $66.3 billion in FY20 and $63.9 billion in FY19, respectively.