Apple's chief executive officer Tim Cook has the best pay-for-performance rating of any CEO in America, according to the Bloomberg Pay Index.
Cook was awarded $65.2 million in compensation last year. During the three fiscal years he has run Apple, revenue climbed 69 percent to $183 billion and net income grew 53 percent to $39.5 billion. Sales of iPhones more than doubled to $102 billion.
“Apple is just unbelievably killing it,” said Dan Ernst, an analyst at Hudson Square Research. “A good leader like Cook builds a team around him that can do the job.”
Cook's pay package makes him the 17th highest paid executive in the United States; however, it doesn't compare to the three year average profit of $28.6 billion that Apple has made. Cook's pay is just 0.2% of economic profit, the smallest fraction of any CEO in the ranking.
In cash, Apple gave Cook $9.2 million last year, including a salary of $1.8 million, a $6.7 million bonus, and $699,133 for security. The rest of his compensation comes from 80,000 restricted stock units initially granted in 2011.
Notably, the highest compensated CEO on the list was GoPro's Nick Woodman who was received 4.5 million restricted stock units valued at $284 million.
Read More
Cook was awarded $65.2 million in compensation last year. During the three fiscal years he has run Apple, revenue climbed 69 percent to $183 billion and net income grew 53 percent to $39.5 billion. Sales of iPhones more than doubled to $102 billion.
“Apple is just unbelievably killing it,” said Dan Ernst, an analyst at Hudson Square Research. “A good leader like Cook builds a team around him that can do the job.”
Cook's pay package makes him the 17th highest paid executive in the United States; however, it doesn't compare to the three year average profit of $28.6 billion that Apple has made. Cook's pay is just 0.2% of economic profit, the smallest fraction of any CEO in the ranking.
In cash, Apple gave Cook $9.2 million last year, including a salary of $1.8 million, a $6.7 million bonus, and $699,133 for security. The rest of his compensation comes from 80,000 restricted stock units initially granted in 2011.
Notably, the highest compensated CEO on the list was GoPro's Nick Woodman who was received 4.5 million restricted stock units valued at $284 million.
Read More