Ioshackz.com Tim Cook The Second Highest-Paid CEO In 2019; To Become Free Agent Next Year Bloomberg has announced the list of the most highly paid CEOs in 2019 and revealed that Apple CEO Tim Cook received more than $133 million in compensation last year, including a $3 million salary, a $7.7 million bonus, and $122.2 million in stock awards plus perks in excess of $884K.
Among these high-paying executives, Cook ranked second. Tesla CEO Elon Musk ranked first in total compensation in 2019 at $595.3 million.
The executives of other companies include Google parent Alphabet CEO Sundar Pichai, which ranked eighth after earning $86.2 million in compensation in 2019. including $650,000 in annual salary, $82.2 million in stock awards, and $3.4 million in perks.
Microsoft CEO Satya Nadella’s total compensation was only $77.3 million last year, making him the ninth highest-paid executive in the United States last year. His salary was $2.3 million, $10.8 million in bonuses, and $64 million in stock awards, and a total perks of $111,400.
Now, part of the $122.2 million in stock awards that Cook received last year was linked to a massive grant of one million shares that he received in 2011, in which he signed a 10-year contract with Apple, meaning subsequent the end of next year, Tim Cook will become a free agent. However, under normal conditions, Cook will receive a new contract that includes more incentives, including more stock awards. So really, it’s up to him whether or not he will continue to be Apple CEO or not.
In Cook’s era, popular products such as Apple Watch and AirPods were launched, and since Tim Cook replaced Steve Jobs as Apple’s chief executive, Apple’s stock price has risen more than sixfold.
We have no reason not to crave Cook to stay with Apple for another ten years. Tim Cook will also be responsible for Apple’s next major product, Apple Glass, and Apple AR wearables are expected to be released in 2022 or 2023.