Apple has increased the salary of its CEO, Tim Cook, to an impressive US$ 74.6 million, according to a document shared with shareholders.
The raise was 18%, considering the executive earned US$ 63.2 million in 2023. He will receive a US$ 3 million base salary, along with US$ 13.5 million in additional compensation and US$ 58.1 million in stock bonuses.
The document also reveals that the increase was based on “Tim Cook’s performance, as well as the significant size and scope of Apple,” which “supports the total target compensation positioning.”
It’s worth remembering that Apple is one of the largest companies in the technology market, with a brand value estimated at US$ 488.9 billion.
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