Thursday, January 7, 2016

Shares, Apple gives $10.3 million to CEO Tim Cook in 2015

Apple Inc Chief Executive Tim Cook's compensation went high by 11.5 per-cent to USD 10.3 million in 2015, the company told yesterday, a year when its sales grew by 28 per-cent and profits by 35 per-cent but its Shares fell down for the 1st time since year 2008.

Chief Financial Officer's annual compensation increase around 81 per-cent to USD 25.3 million in 2015. In fact, Cook was the lowest-paid of the company's top executives. Angela Ahrendts, the senior vice president for retail & online stores, was the highest paid, with a total pay package of  25.8 million USD Cook's base pay increased about 14.4 per-cent to USD 2 million past year, while non-equity incentive compensation went high nearly 19 per-cent to USD 8 million.

Apple had a good year for the most part under Cook. The iPhone still continued to see record sales. The company strikes a rough patch towards the end of 2015.

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