In 2024, Tim Cook's compensation increased by 18% to $74.6 million, driven by substantial stock awards and non-equity incentives. His steady base salary of $3 million reflects stability amid rising earnings that boost overall pay.
Despite maintaining a base salary of $3 million for three consecutive years, Tim Cook's 2024 compensation showcases a significant leap in earnings from stock awards and bonuses, emphasizing the financial strategies that underpin his role at Apple.
Tim Cook ranked as the fifth highest-paid CEO in the U.S. in 2024, making 672 times more than the median Apple employee. This disparity highlights ongoing discussions about CEO compensation levels relative to worker pay.
Cook's position in the highest-paid CEO rankings, both in 2023 and 2024, underscores Apple's pivotal role in the market, especially with a market capitalization exceeding $3.4 trillion, putting pressure on discussions about executive compensation.
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