Throughout 2021, Apple's chief executive, Tim Cook, earned no less than nearly US$100 million, an amount that exceeds by 1,447 times the salary of an average employee of the company itself, who earns about US$5,687 per month or $68,254 annually. That's a staggering increase from Cook's 2020 salary, when it was 256 times higher than most employees at the tech company.
Understand how CEO salary increased so much in 2021
Unlike other sectors of the economy, technology companies benefited immensely from the need for social isolation because of the Covid-19 pandemic.
As a result, the iPhone maker has benefited from the increased demand for its products and services over the past two years, particularly throughout 2021.
With a greater number of people in the home office , investments in updates and purchase of notebooks and smartphones were necessary.
As a result, Apple's revenue grew more than 30%, reaching US$365.8 billion in 2021, a situation that boosted stocks, surpassing US$3 trillion in market value.
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Thus, the CEO's salary remained at $3 million per month, in addition to $82.3 million in stock awards, $12 million for meeting goals, and $1.4 million for air travel, retirement plans, awards insurance, among others.
All in all, Tim Cook earned $98.7 million last year, well above the $14.8 million earned in 2020.
Via: Forbes
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Apple's post CEO earns 1,400 times more than the company's employees first appeared in Gaze Digital .
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