RaduTyrsina
News Team
Apple's board members earnings for the past year were revealed in a filing with the U.S. Securities and Exchange Commission. The documents revealed that CEO Tim Cook received compensation of over $9.22 million in 2014, which is more than double his pay from 2013.
The $9.22 million that Tim Cook earned includes the $1.75 million salary, $6.7 million in non-equity incentives and other company contributions. Cook's salary in 2013 amounted to $1.4 million, but these numbers don't reflect the $69.6 million in vested stock options. When he took over as CEO in 2011, Cook received a $378 million payout package and a $372.6 million one-time stock award scheduled to vest through 2021.
What's interesting, however, is that the newly appoint SVP of Retail, Angela Ahrendts, who was hired on in October 2013, was allotted $73.35 million, which is almost eight times more than what Apple's boss received as pay in 2014. However, it's worth pointing out that a bulk of the compensation came from the $70 million stock award. Thus, the retail chief's salary was at just under $412,000 for 2014, along with a $500,000 bonus.
Eddy Cue, Apple's head of software and services, earned $24.45 million in 2014; SVP of Operations Jeff Williams earned $24.4 million and Apple CFO Luca Maestri brought in $14 million.
Source: Bloomberg
