Apple Chief Tim Cooks Pay Package Ballooned to $98.7 Million in 2021

Tim Cook, CEO of Apple — the most valuable technology company in the world — had a compensation package worth $98.7 million last year, more than six times his haul in 2020, according to a regulatory filing.

Cook’s base salary for 2021 was $1.39 million. He received a cash bonus of $12 million for the year as well as stock options worth $82.35 million, according to Apple’s proxy statement filed Thursday.

The Apple board’s compensation committee noted that Cook was granted an equity award for the first time since he was promoted to the CEO role in 2011. Cook’s stock grant “is better aligned with the performance-based and time-based RSUs [restricted stock units] awarded to our other named executive officers and provides substantial equity incentives aligned with the interests of our shareholders.”

Cook, 61, first joined Apple in March 1998. He assumed the chief executive role in August 2011, shortly before the death of co-founder and previous CEO Steve Jobs. Prior to that, Cook was the tech giant’s COO since October 2005.

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