Tim Cook earned $10.3 million in fiscal 2015, according to SEC documents


Apple CEO Tim Cook looks at a new IMac after presentation at Apple headquarters in Cupertino

Tim Cook has been at the helm of Apple for awhile now, and if a new report is any indicator of his performance, it must be going well for the Cupertino-based company.

According to new SEC filings, which were initially surfaced by MacRumors, Tim Cook saw an increase to his fiscal earnings when compared to the year prior. Specifically, the documents reveal that Apple’s current CEO earned $10.3 million in the fiscal year 2015, which is a significant increase from the $9.2 million he earned in fiscal 2014.

Breaking it down, it means that Cook ultimately earned $1 million more than he did last year. Specifically, Cook saw his salary of $2 million, other compensation of $280,000, and non-equity incentive compensation of $8 million in 2015.

Some other key elements include Apple’s retail chief, Angela Ahrendts, seeing compensation of $25.8 million in 2015, down from the $73 million she earned –including hiring bonuses and stock awards– in 2014. Eddy Cue earned more than $25 million in 2015, and a tidy sum in investments, as well.

Overall, Apple saw $233.7 billion in sales for the fiscal year, another record breaker for the company, which is a 28 percent increase year-over-year. Apple will go over numbers more in detail later this month, on January 26, when it will hold another quarterly earnings call.

[via MacRumors; SEC]

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