Tim Cook was the guide to one of the best moments in Apple history. Under his leadership, the company explored new business advantages and repeatedly established itself as the most valuable company in the world. And while no one doubts that the executive is paid very well for their work, they are far from highest paid CEO in the world.
Tim Cook’s salary is no secret. And surprisingly, their compensation package is similar to that perceived by the average executive of the companies most representative of the New York Stock Exchange, according to the S&P 500 index. According to the publication of the The Wall Street Journal
Tim Cook is not the highest paid CEO in the world
The WSJ reports that Cook’s total amount for 2020 was worth $ 14,769,259 million, which is only slightly higher than the S&P 500’s median of $ 13.4 million. which the one-year return to shareholders was 109%, Cook’s compensation increased by a more modest 28%.
For its part, highest paid CEO was Paycom Software Founder and CEO Chad Richison. The WSJ notes that some of the best earnings come from companies whose stocks performed well during the pandemic. Richison’s salary package is valued at over $ 200 million. In addition, seven CEOs received compensation valued at over $ 50 million last year, up from two in 2019 and three in 2018.
The “worst” paid of all was Elon Musk of Tesla Inc. with -0.89% of TSLA, one of the richest executives in the world. Musk received zero dollars in 2020, even as he racked up $ 32 billion in stock options as part of his historic 2018 salary.
The Standard and Poor’s 500 (S&P 500) index ranks US companies based on their market capitalization, placing Apple (AAPL) in first place with a value of over $ 2,000 billion. Currently, Apple accounts for nearly 6% of the total value of America’s 500 largest companiesBut that’s not reflected in CEO Tim Cook’s salary or performance-related pay, as not all companies use different standards to set those pay.