Apple(AAPL.US) tops the S & P 500 by market capitalization, but CEO Tim Cook's direct compensation from the company ranks 171st in the S & P 500 CEO (CEO) pay rankings, well below the CEO of many other companies on the list.
It is reported that Cook's total compensation in 2020 was $14769259 after analyzing the compensation data of 416 CEO of the 500 companies on the list. Although cook's salary looks high, up 28% from 2019, it only puts him at No. 171 on the list.
Many CEO, including Cook, are shareholders in the companies they lead, and their salaries account for only a fraction of their total income.
Cook will be paid $133.7 million in 2019, according to the data. Although his starting salary for that year was $3 million, with a bonus of $7.7 million and a bonus of $884000, he also received a $122.2 million stock award. Such stock gains mean that the extra income of Cook and other CEO can far exceed their salaries. For his part, Cook's net worth exceeded $1 billion in August 2020.