CEO Tim Cook Sees Pay Ebb Along With Apple Performance
January 4, 2020
3:49 pm
Apple chief Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year, according to documents filed Friday.
Cook, who took home $15.7 million in 2018, is paid a base salary of $3 million, in addition to a bonus and various compensations.
His 2019 incentive bonus, which is tied to Apple’s performance, tallied about $7.7 million, and was calculated based on the fact that Apple exceeded its sales target by only 28 percent.
That compared with $12 million in 2018, based on the company exceeding its …
