Apple Chief Executive Tim Cook’s 2021 salary was 1,447 times that of the average company employee, reaching nearly $100 million, a lawsuit showed on Thursday. fair (6).
In 2021, the average annual salary paid was $68,254, Apple said. The median salary in 2020 was $57,783 and the pay ratio was 256 times Cook’s salary.
The iPhone maker has benefited from strong demand for its products and services over the past couple of years as people working from home have spent heavily on upgrades. Apple’s revenue grew more than 30% to $365.8 billion in fiscal 2021, boosting stock and briefly surpassing $3 trillion in market value this year.
Cook, whose salary followed at US$ 3 million (R$ 17 million), received US$ 82.3 million (R$ 467 million) in stock awards, US$ 12 million (R$ 28 million) for achieving goals and US$ 1.4 million (R$ 8 million) for air travel, retirement plans, insurance premiums and others.
In total, he received $98.7 million (R$560 million), compared to $14.8 million (R$84 million) in 2020.
Cook took over in August 2011 after company founder Steve Jobs stepped down months before he died. Apple shares have soared more than 1,000% since then.
In September, Cook received 333,987 restricted shares, in his first share grant since 2011 as part of a new long-term stock plan. He will be eligible to receive additional units based on performance in 2023.
In the United States, CEOs were paid 351 times more than the average worker in 2020, a report by the Economic Policy Institute showed.
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