|
In
2021, the median pay for employees was $68,254, Apple said,
adding it had selected a new median employee for comparison due
to changes in hiring and compensation.
The median pay 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 two years as consumers
working from home shell out on upgrades. Apple revenue rose over
30% to $365.82 billion for its fiscal 2021, that boosted its
shares to briefly cross $3 trillion in market capitalization
this year.
Cook, whose salary remained at $3 million, received $82.3
million in stock awards, $12 million for hitting Apple's targets
and $1.4 million for air travel, 401(k) plan, insurance premiums
and others.
In total, he received $98.7 million compared with $14.8 million
in 2020.
Cook took charge in August 2011 after the company's founder
Steve Jobs stepped down months before his demise. Apple's stock
has surged over 1,000% since then.
In September, Cook received 333,987 restricted stock units, in
his first stock grant since 2011 as part of a new long-term
equity plan. He will be eligible to receive additional units
based on performance in 2023.
For Corporate America, CEOs were paid 351 times as much as a
typical worker in 2020, a report https://www.epi.org/publication/ceo-pay-in-2020
by the Economic Policy Institute showed.
(Reporting by Nivedita Balu in Bengaluru; Editing by Krishna
Chandra Eluri)
[© 2022 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
