Tim Cook has been Apple’s CEO since 2011 and succeeded Steve Jobs. Quite an important job, but what is Tim Cook’s salary anyway?
Tim Cook has earned that much (more) in 2024
Apple is one of the world’s largest technology companies and Tim Cook is its CEO. He succeeded Steve Jobs in 2011 and under his leadership Apple has launched products such as the Apple Watch and services such as Apple Music and iCloud. Cook himself has a background in industrial engineering, having worked at companies such as IBM before joining Apple in 1998.
Salary Tim Cook
But how much does Tim Cook actually earn and what is his exact salary? In 2024, Tim Cook earned $74.6 million. That is approximately 73 million euros. In 2023, that was ‘only’ 63.2 million dollars (the equivalent of 62 million euros).
Of his salary, $58 million is in stock, $12 million in performance awards and $3 million in base salary. He will also receive $1.5 million for other expenses such as flight trips. Tim Cook is required by Apple to use a private plane for business and private travel.
Even though Tim Cook made more in 2024 than he did in 2023, the salary was still a lot less than what he got in 2022. That year he received $99 million. But because he was close to $100 million, Tim Cook and the board of directors decided to reduce the total amount.
By the way, other Apple executives (think Luca Maestri, Kate Adams, Deirdre O’Brien and Jeff Willans) earn around $27.2 million a year.
Tim Cook will stay for a while
In an interview with the New York Times in 2021, Tim Cook indicated that he probably won’t stay at Apple for another ten years. He did make a comment and said that for the time being ‘there was no end date in sight’. According to Bloomberg’s Mark Gurman, Tim Cook will retire sometime between 2025 and 2028.
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