According to a company filing, Apple CEO Tim Cook received a compensation package of $98.7 million in 2021.
Cook's pay package in 2020 was 15 million dollars, but it was 558% larger in 2021.
Cook's stock awards are due to vest next year, which is why most of his compensation was in stock. Cook was awarded $82 million in stock awards. Even if Cook retires, they will keep their vested rights.
Cook was given a $12 million incentive based on Apple's financial performance. His salary is $3 million.
$630,630 in security expenses and $712,488 in personal air travel for Cook were included in the $98.7 million pay package.
Cook has been at Apple for a decade. He had to contend with increasing employee unrest, with some Apple Store employees staging a walk out to demand better working conditions on Christmas Eve.
Silicon Valley executives such as Musk and Facebook's Mark Zuckerberg make small salaries. Musk's salary in 2020 was $0, but he received millions or billions more in other forms of compensation. Musk earned over $6 billion in 2020.
