Tim Cook won less in 2019
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)