Apple CEO Tim Cook’s 2015 compensation reached nearly $10.3 million, up 12% from the year before, a filing Wednesday with the U.S. Securities and Exchange Commission (SEC) showed.
In the filing, Apple also said Cook’s base salary had been increased by 50% for 2016, climbing from $2 million to $3 million for the current fiscal year.
As was the case in 2014, Cook’s compensation last year was considerably lower than the lieutenants named in the preliminary proxy statement submitted to the SEC yesterday. Those executives — CFO Luca Maestri, head of retail and online sales Angela Ahrendts, leader of the Internet software and services group Eddy Cue, chief of hardware engineering Dan Riccio, and general counsel Bruce Sewell — made between $24.4 million and $25.8 million each, largely on the backs of $20 million stock awards during the year.
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Source: COMPUTER WORLD