Apple’s chief government, Tim Prepare dinner, was paid almost $100m (£74m) final yr, a 570% improve on the earlier yr, in response to regulatory filings.
Prepare dinner, 61, who took over as chief government from the Apple founder Steve Jobs in 2011, additionally gained entry to share awards value about $750m because the iPhone maker’s market worth approached $3tn.
His whole compensation for the yr to September 2021 was $98.7m, up from $14.7m the earlier yr, filings with the US Securities and Trade Fee (SEC) present.
Prepare dinner’s pay was 1,447 occasions that paid to the typical Apple worker, who collected a median common of $68,254, the corporate mentioned.
His 2021 pay was boosted by a $82.3m inventory award bonus associated to Apples’ hovering share worth. His base wage was $3m, he additionally collected $12m in bonuses for hitting the corporate’s monetary and environmental sustainability targets.
The filings additionally present Apple spent greater than $700,000 on non-public flights for Prepare dinner, as the corporate has determined it's an excessive amount of of a safety danger to permit him to fly on scheduled industrial flights. The corporate additionally paid a whole lot of hundreds in private safety, pension contributions, life insurance coverage and shopping for again unused vacation time.
“It’s been a outstanding decade for Apple and in 2021 Mr Prepare dinner was granted an fairness award for the primary time since he was promoted to CEO in August 2011,” Apple mentioned within the submitting.
Prepare dinner, who's sitting on a private fortune of greater than $1bn, in response to the Bloomberg Billionaires Index, has mentioned he plans to provide away all of his fortune earlier than he dies. In 2015, he informed Fortune journal that he deliberate to donate all of his wealth to charity after offering for his then 10-year-old nephew’s schooling.
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