Apple today made a new filing with the SEC in which it revealed the earnings of its top executives during 2015. In the filing it was revealed that CEO Tim Cook earned roughly $10.2 million during the 2015 year, which is a slight increase from the $9.2 million he earned in 2014. Cook’s salary was $1.7 million in 2015. Cook also has nearly 3.1 million Apple shares that have yet to vest, which at the end of 2015, were worth roughly $350 million.
As for the other executives, they all earned around $25 million during 2015, including $20 million in new stock awards. CFO Luca Maestri earned $25.3 million, up from $14 million in 2014, while retail chief Angela Ahrendts earned $25.7 million, down from $73.4 million in 2014. Eddy Cue, SVP of hardware engineering Dan Riccio, and SVP general counsel and secretary Bruce Sewell all brought in $25.1 million each. These numbers do not include restricted stock units that vested in 2015. All executives, aside from Cook, received a $1 million salary in 2014.
Apple, as usual, did not disclose the compensation for chief design officer Jony Ive.
Apple is set to share its Q1 2016 earnings on January 26th, which should offer more insight into the company’s performance throughout 2015. Today’s filing revealed the company generated $233.7 billion in sales during 2015, a 28 percent increase over 2014.
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Time for tough love. If AAPL goes to 150 in 2016, double Cook’s pay. Otherwise let him make do with the measly 10 million.. he will just have to make do.
His salary is significantly more then $10mil. He gets paid with stocks that vest after a certain number of years. He’s already got $350 million worth of stock that he can cash in after a couple years. This would incentivize him to ensure the company continues to perform well.
#hot
“Apple is set to share its Q1 2016 earnings on January 26th, which should offer more insight into the company’s performance throughout 2015. Today’s filing revealed the company generated $233.7 billion in sales during 2015, a 28 percent increase over 2014.”
But the Wall Street Analysts keep dropping the valuation?!?!? WTF is wrong with this picture? If anyone has seen the movie “The Big Short” – think about what the woman at the Bond Rating agency told Steve Carrel when he went into question her about their stock valuations. Is this the same thing with Apple?
Something sure smells fishy to me . . .
Legally they have to disclose the earning of all C-levels which is why I thought Jony was never made CDO, but now that he is: why aren’t they releasing his earnings?
Shame on Apple for not paying a far wage to retail employees. Employees struggle to pay for food while the others in there over paid positions think we are paid enough. Shame shame shame.
I created an account just to reply to you. I worked for Apple for seven years; I was BOH for most of that time. I never once struggled to pay for anything while living within my means. If you do, you need to take advantage of all of the resources Apple provides internally (ask your manager), such as financial advice, ESPP, 401(k), etc.
I’ve also never worked for a company where employees get discounts almost everywhere you could think of shopping, traveling, or dining. I make roughly double what I made at Apple now, and yet my health care isn’t even close to as comprehensive as the PART TIME benefits that Apple provides.
You work in retail. Retail is literally one of the easiest jobs on the planet, especially Apple. It’s one step above McDonalds for how easy it is. You have no metrics to measure except your attach rate of APP and One to One. Not how many dollars per sale you do, or your personal revenue, or client retention, etc.
You will almost never work overtime, you never need to bring your work home with you, and your most strenuous interaction of the day is when some moron broke his phone and pitches a fit because you won’t just give him a new one.
There’s a reason that Apple stores are mostly staffed by college kids; Specialists aren’t supposed to be career positions. Move on to Genius, Creative, Expert, or management if you want to make a career of working for Apple.
Welcome to the real world, where actual talent is rewarded, and the harder/more stressful your job is, the better you’re compensated.