Apple’s Tim Cook got 1,447 times more salary than the average employee of the company in 2021, a big contribution of shares

Apple Inc chief Tim Cook’s salary in 2021 has been 1,447 times higher than that of an average employee working in a tech company. The reason behind this is the shares he got, with the help of which he has helped in earning about 100 million dollars.

Apple Inc chief Tim Cook’s salary in 2021 has been 1,447 times higher than that of an average employee working in a tech company.

Apple Inc. (Apple) Head of Tim Cook (Tim Cook) The salary in 2021 has been 1,447 times more than that of an average employee working in a tech company. According to Reuters, this information has been received from a filing. The reason behind this is the shares he got, with the help of which he has helped in earning about 100 million dollars. Apple said that in 2021, the median income for employees was $68,254. With this, he said that the company has chosen a new average figure for employees for comparison due to changes in hiring and compensation.

In the year 2020, the average figure was $57,783. And Cook’s salary was 256 times more than this.

Big profit for Apple in last two years

The iPhone maker has benefited from strong demand for its products and services over the past two years. Because customers doing work from home have chosen upgrade. Apple’s revenue has increased by more than 30 percent to reach $ 365.82 billion for the fiscal year 2021. Due to this, the company’s shares crossed $ 3 trillion in market capitalization for a short time this year.

Cook’s salary remained at $3 million. He got $82.3 million from getting the shares. Apart from this, an amount of $ 12 million has been received for touching Apple’s target and $ 1.4 million for air travel, insurance premium and other benefits. Overall, he has received $98.7 million as compared to $14.8 million in 2020.

Additional shares may be available in 2023

Cook took over in August 2011. The company’s founder, Steve Jobs, had stepped down a few months before his death. Since that time, Apple’s stock has seen a jump of more than 1 thousand percent. In September, Cook has received 333,987 restricted share units. This is the first stock grant he has received, as part of the new long-term equity plan. They are also eligible to get additional units based on performance in 2023.

Let us tell you that Apple has been at the top of the list of the world’s leading technology company for many years. The company has earned this name due to its products and has always been on top. Behind all this is the hand of the company’s chief i.e. Tim Cook. Tim Cook has been with the company continuously for the last 10 years and is looking after every small and big thing. Cook has launched many Apple products so far during his tenure, due to which the company has so far raised 81.4 billion total revenue.

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