Examining Apple's Executive Compensation
CEO Tim Cook's Generous Compensation
Tim Cook, Apple's CEO, received a total compensation of $147.7 million in 2021. This includes a base salary of $3 million, a $120 million bonus, and $24.7 million in stock awards. Cook's compensation has been steadily increasing in recent years, reflecting Apple's continued success under his leadership.
CFO Luca Maestri's Substantial Pay
2021 Earnings
Luca Maestri, Apple's CFO, received a total compensation of $26.5 million in 2021. This includes a base salary of $1 million, a $4 million bonus, and $21.96 million in stock awards.
Estimated Salary Range and Base Salary
According to Salary.com, the estimated total pay range for a CFO at Apple is $238K-$445K per year. This includes base salary and additional pay. The average CFO base salary at Apple is $240K.
Comparison to Industry Averages
Cook's compensation is significantly higher than the average CEO salary in the United States. According to the Economic Policy Institute, the median CEO salary in the United States is $14.5 million. Maestri's compensation is also higher than the average CFO salary in the United States. According to Salary.com, the median CFO salary in the United States is $200K.
Factors Influencing Executive Compensation
- Company performance
- Executive experience and qualifications
- Industry and market conditions
- Shareholder expectations
- Regulatory environment
Apple's executive compensation is determined by the company's board of directors. The board considers a variety of factors when setting executive pay, including the company's financial performance, the executives' individual contributions, and the competitive market for executive talent.
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