Global, News, The Rich

Apple’s CEO Tim Cook Took Home $145 Million in 2016

Apple’s CEO Tim Cook Took Home $145 Million in 2016

Although Tim Cook was reportedly paid $8.75 million in 2016, he actually took home $145 million, most of it from awards granted back in 2011. Take-home pay is the sum of the value of stocks vested and options exercised during the year, together with salaries, bonuses and other perks.

“Cook’s 2016 take-home pay came from the vesting of 1.26 million shares, valued at $136 million, which were awarded after he became Apple’s CEO in 2011.”

~ Bloomberg

Cook’s 2016 take-home pay came from the vesting of 1.26 million shares, valued at $136 million, which were awarded after he became Apple’s CEO in 2011. He’s not the only chief executive officer of a publicly traded U.S. company to cross the $100 million mark for take-home pay. Reed Hastings of Netflix Inc. took home $106 million last year.

Related Reports: Bloomberg, Independent


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