December 2, 2021

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Official Website Of Union Of Campus Journalits, University of Ilorin.

Tim Cook gets $102M payout from Apple in 2017

1 min read

Apple has published its most recent shareholder proxy statement, outlining some interesting details about its performance in 2017.

As noted by Bloomberg, Tim Cook ended the year as a big winner, netting a 74 percent bonus thanks to the company’s strong performance in fiscal 2017…

The filing explains that Tim Cook received $9.33 million in incentive pay for the fiscal year ending September 30th. In addition to that, he received $3.06 million in salary and an equity award of $89.2 million. For the year, Cook’s total payout comes to just under $102 million. Tim Cook has already said that he will be giving away the majority of his fortune during his lifetime in a systematic approach to philanthropy.

CFO Luca Maestri, retail VP Angela Ahrendts, hardware technologies VP Johny Srouji, hardware engineering VP Dan Riccio, and former general counsel Bruce Sewell each received bonuses of $3.11 million, for total compensation of $24.2 million each.

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