It is not news to anyone that Apple is one of the richest smartphone manufacturers in the world, and with that, the values invested for the employees that represent the brand are increasingly astronomical. A report lists the compensation of the company's executives during the past year, and among them, the name of the company's CEO, Tim Cook, who had his 2020 salary added to $ 14 million.
The report points out that Cook's base salary is around $3 million. Therefore, the company provides him with performance awards, and in 2020, these amounts totaled US$ 10.731 million. This balance may vary according to the performance of each year. In addition, Cook still had amounts collected under other claims totaling $1.038.200. The sum of all these amounts earned Tim Cook an annual salary of $14.769.300.
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In addition to salary, Cook receives other benefits
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As a public figure, Apple is concerned about the safety of its CEO, proof of which are the costs that this concern has generated by requiring Cook to travel in private jets, in addition to all expenses paid totaling a cost of US$ 430.000 for company coffers. In addition, the company still bears life insurance, vacation expenses and other benefits that can total up to $470.000.
In addition to all these values mentioned so far, we can consider a "bonus" that was awarded to Tim Cook in September 2020, with the aim of encouraging actions around him that earned him a value of more than US$ 100 million. That amount, then, requires that he continue to serve as Apple's CEO until at least 2025. By the end of this "contract," calculations suggest that Tim Cook has an asset value of more than $1 billion.
