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Apple CEO’s Pay Gap: 672 Times Greater Than Median Employee

According to official data, Apple CEO Tim Cook’s earnings are 672 times greater than the average employee’s salary at the company.

Cook took over as Apple’s CEO following the passing of Steve Jobs in 2011, and in 2016, shareholders decided he would receive an annual base salary of $3 million. As the CEO of one of the world’s most valuable companies, Cook can significantly increase his earnings through performance-based stock awards.

In 2023, Cook had total earnings of $63,209,845. This amount comes from four parts: an annual base salary of $3,000,000, stock awards worth approximately $47,000,000, non-equity incentives totaling over $10,000,000, and other benefits including personal travel expenses.

Cook’s total earnings for the previous year were projected to be $49,000,000, but his final compensation was 28% higher. However, this figure is still about 36% lower than Cook’s earnings in 2022, which exceeded $99,000,000.

Apple has announced that the average employee salary last year was $94,114, making the CEO’s earnings 672 times greater than the average employee’s salary at the company.

With a net worth of around $2.1 billion, Tim Cook does not rank on the Bloomberg Billionaires Index. To be included on this list, individuals must have a net worth of over $6 billion.

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