Tim Cook, CEO of apple, is the second highest earning CEO in the list of Fortune 500 companies in 2021, ranking behind Elon Musk, CEO of Tesla, with a revenue of $770million As the head of one of the world's largest technology companies, it is expected that cook will receive considerable remuneration for his leadership. In the analysis of the highest paid CEO, cook seems to be almost at the top of the list.
In a list created by Fortune magazine to compare CEO compensation among the Fortune 500, cook ranked second, with a total revenue of $770.5 million in 2021. However, the report points out that this is not a figure derived from the basic salary, but part of a 10-year grant of $1.7 billion worth of shares.
Cook did get more typical annual compensation and other benefits from the company. In 2021, he received more shares of US $82million, personal safety expenses of about US $630630, private aircraft use fees of US $712488, and basic salary.
In March this year, although critics urged shareholders to vote against cook's $99million compensation plan, investors finally voted in favor of the measure.
Fortune suggests that Apple The performance of the stock market and the profit of trying to reach $95billion by the end of the year, cook's income in 2021 is reasonable.
In the calculation, fortune calculates wages and bonuses, "other remuneration, such as vested restricted stock grants, long-term incentive payments and allowances, and stock returns in the form of values realized by exercising stock options". Unexercised options are not considered due to the unpredictability of their value.
Cook lags behind space X and Tesla CEO musk. In 2021, he earned $23.5 billion by exercising Tesla stock options granted in 2018. In the third place is Huang Renxun of NVIDIA, who has $561million, while reed Hastings of Netflix has $453.5 million.
The report also pointed out that the median total salary of the 280 Fortune 500 CEOs assessed by the report was $15.9 million, a year-on-year increase of 30%.