Tim Cook won less in 2019

Tim Cook won less in 2019

saturday, 04.01.2020

In 2019, the Cupertino company achieved “only” 128% of its objectives, resulting in a bonus of $ 7.7 million. (Keystone)

Apple boss Tim Cook earned $ 11.6 million in 2019, up from $ 15.7 million in 2018, due to slightly lower financial performance compared to the previous year.

The base salary of the leader of the technology giant amounts to 3 million dollars per year, to which are added a bonus and various compensations, according to a document deposited Friday with the authority of the American markets.

In fiscal year 2018, Tim Cook received 12 million bonuses, because the iPhone manufacturer had achieved 200% of its objectives in terms of net turnover and operating profit.

In 2019, the Cupertino company achieved “only” 128% of its objectives, resulting in a lower bonus, at $ 7.7 million.

The owner also received the equivalent of $ 884,000 in various compensation (security services, use of a private jet, etc.).

Last year, Tim Cook also exercised his options on 560,000 shares, achieving a gain of some $ 113 million.

Apple earned 260 billion in net revenue in 2019, and operating income of nearly 64 billion.

The apple brand undertook in 2018 and 2019 a diversification in services to retain its customer base, attract new ones into its ecosystem and try to break its dependence on its cash cow, the iPhone. (AWP)


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