Tim Cook Got A Raise Of 74% In Annual Bonus

Published: Wilson Clark

On: Jan 2018

Apple CEO Tim Cook has received hike of 74 % in his yearly bonus on the backdrop of an increased revenue  in the year 2017.

Last year, Apple to be satiesfied with a declined fiscal growth. But this year has covered it up very well.

As per the claim made by the Cupertino, California-based company, Tim Cook’s incentive is as high as $9.33 million.

Tim cook's yearly salary total apart from bonus is $3.06 million plus he got his previously disclosed equity award of $89.2 million, totalling around $102 million.

This equity compensation depends upon the total of shares of that executives which are again dependent on the continuity of the employment; plus other shares which are subject to the performance of Apple’s stock compared with other S&P 500 companies.

Apple shares gave the reuturns of 39 % more in fiscal 2017