Apple continues to grind record profits and also Tim Cook, the CEO of the Cupertino house, is not doing badly. The manager, in fact, recorded one record salary in 2020, increasing earnings over the previous year. It should be noted, however, that Cook moved up from second to eighth among the highest paid managers in the US.
Record salary for Tim Cook
2020 will be a year to remember for Tim Cook. The CEO of Apple, in fact, recorded an overall salary of approximately 265 million dollars. The remuneration mainly includes stock bonuses and a bonus relating to previous years. This is a significant step forward for Cook who received a total of $ 133 million from Apple the previous year.
Apple’s CEO is the eighth highest paid manager in the US
In the 2019 earnings ranking, Tim Cook held the second place among the highest paid managers in the US, behind Elon Musk. In 2020, despite the increase in earnings, Apple’s CEO reported the loss of several positions in the special ranking of highest paid managers in the USA. That ranking, with Elon Musk firmly in first place with a record $ 6.6 billion, sees Apple’s CEO occupy the eighth position.
Two Apple executives enter the Top 100 of the highest paid managers. It is about Deirdre O’Brien, Senior Vice President of Retail and People di Apple, e Kate Adams, Senior Vice President and General Counsel, who occupy the 93rd and 96th place respectively. The two managers are also in fourth and fifth place in the ranking of the highest paid executives in the US.