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Apple CEO Tim Cook made $9.2 million in 2014 as new retail chief & other execs increase earnings

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Apple CEO Tim Cook pulled in a total of $9.2M during Apple’s fiscal 2014, over double his 2013 earnings, according to numbers in Apple’s just released proxy statement. The filing details executive compensation and new board member nominations, among other items of business, ahead of Apple’s upcoming annual shareholders meeting.

According to the report, Apple CEO Time Cook made a total of $9.2 million during the year including $1.7 million in salary and the rest in additional forms of compensation. Cook comes in behind new retail chief Angela Ahrendts with $73 million, which includes $400K salary, a $500k bonus, and the rest in stock and other forms of compensation that she picked up when joining the company. 

Other executives listed include Senior Vice President of Internet Software and Services Eddy Cue and Senior Vice President of Operations Jeff Williams who both made a total of $24 million during Apple’s fiscal 2014 after stock awards and additional compensation beyond salaries. For Cue and Williams, that’s a big increase from the roughly $2.6 million total both made in 2013 and mostly comes from stock awards and additional compensation in addition to relatively minor salary bumps.

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Apple’s former CFO Peter Oppenheimer made $4.5 million total, including stocks, as he exited the company and current CFO Luca Maestri made $14 million including stock awards.

Apple is also making changes to its board as it nominates new members to be voted on at its upcoming annual shareholders meeting scheduled for March 10.

Apple’s Q1 2015 earnings call will take place on January 27 to report earnings for the three months ending in December of last year. Apple’s fiscal 2014 year ended September 27.

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Comments

  1. Taste_of_Apple - 9 years ago

    Big numbers for all involved. Always interesting to see Jony Ive excluded from such lists.

  2. joefedorowicz - 9 years ago

    According to the report, Apple CEO Time Cook made a total of $9.2 million during the year including $1.7 million in salary and the rest in additional forms of compensation. Cook comes in behind new retail chief Angela Ahrendts with $73 million, which includes $400K salary, a $500k bonus, and the rest in stock and other forms of compensation that she picked up when joining the company.

    SHE MADE 73 MILLION!!!

  3. Worth every penny to be fair.

  4. nyctravis - 9 years ago

    Good for him.

  5. eninety2 - 9 years ago

    I’m gonna go ahead and assume Ahrendts salary was 7.3 million and not 73 million.

    • florinnica - 9 years ago

      It says right there in the article that her salary was $400k. She did indeed receive in total 73 million from Apple this year (almost all of it as an incentive to join the company).

    • RicardoTuga - 9 years ago

      70 million come directly of stock awards. given by apple as an incentive to accept coming to the company

    • RicardoTuga - 9 years ago

      Ahrendts salary are the second one higher in the report ( $400K + $500K in bonus = $1.1M salary) behind Tim cook with $1.74M

      • Tommy Woerner - 9 years ago

        Where did you go to grade school? 400k + 500k most certainly does not equal 1.1 million

    • Well, if you look at just salary and see that almost everyone else on the Senior Executive panel is being paid the nearly the same – except for Tim Cook with valid exception – Ahrendts is being under paid. Although she did make 7 times what Tim Cook made this year. The reason why Tim didn’t make any more is because he didn’t take any Stock Awards.

  6. A badly Photoshopped picture of Tim Cook on a background of flying dollars. Really, 9to5Mac???

  7. I always naively thought CEOs made more than the rest. This shows that’s totally not the case. I’m surprised. $9.2M seems like sofa change. Good for him.

  8. alistairsales - 9 years ago

    Some pretty impressive figures here

Author

Avatar for Jordan Kahn Jordan Kahn

Jordan writes about all things Apple as Senior Editor of 9to5Mac, & contributes to 9to5Google, 9to5Toys, & Electrek.co. He also co-authors 9to5Mac’s Logic Pros series.