Apple’s Tim Cook earned more than 1,400 times the average worker in 2021

A filing has showed that Apple Inc boss Tim Cook’s pay in 2021 was 1,447 times that of the average employee at the tech behemoth.

Tim Cook was also propped by stock awards that helped him earn a total of nearly $100 million.

Apple said its median pay for employees in 2021 was $68,254.

The median pay in 2020 was $57,783.

Apple 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.

Reuters reports that Tim Cook 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.

Leave a Reply

Your email address will not be published.