Cook took home over $12 million in 2017, up from $8 million in 2016, because Apple’s business is booming.
Apple CEO Tim Cook got a big bonus in 2017, thanks to major gains in Apple’s stock price from the year before.
Cook made a total of $12,825,066 this year, up from $8,747,719 in 2016.
Over all, Apple’s top executives got 155.5% of their performance-based bonus. Last year, they only saw 89.5% of that bonus.
Apple CEO Tim Cook got a big raise in 2017, thanks in large part better-than-expected sales at the consumer electronic company.
Cook made a total of $12,825,066 this year, according to a statement filed with the Securities and Exchange Commission on Wednesday. This is up from $8,747,719 in 2016, and $10,281,327 in 2015.
Of that total, only $3,057,692 came from Cook’s base salary, which was about the same as the year before.
Most of his payment was in the form of non-equity incentive plan compensation, which is essentially a cash bonus for top executives.
Tech: Apple CEO Tim Cook made $12.8 million in 2017 — a 46% raise from last year (AAPL)
