Tuesday, November 28, 2023

CEO Tim Cook sees his pay increase by 28% for Apple’s 2020 fiscal year

Apple CEO Tim Cook. Image via AppleApple CEO Tim Cook. Image via Apple

As noted by Variety, Apple CEO Tim Cook saw his overall pay package increase by 28% for the tech giant’s 2020 fiscal year, according to a regulatory filing.

Cook’s base salary remained at US$3 million for Apple’s 2020 fiscal year — the same as it was in 2019 and 2018 — but his non-equity incentive plan compensation rose to $10.7 million, up from $7.7 million the year prior.

“In 2020, Apple’s performance exceeded the target performance goals for both net sales and operating income, resulting in a total payout of 179% of the target payout opportunity for each named executive officer,” the company explained in a proxy filing.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.