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Data: Apple CEO Tim Cook took $73.9 million in compensation in 2013

updated 04:06 pm EDT, Fri April 4, 2014

Facebook's Mark Zuckerberg tops high-tech

Apple CEO Tim Cook pulled in $73.9 million in compensation during 2013, according to data compiled by USA Today. That included a $4.3 million salary, and $69.6 million in vested stock options Cook had been awarded several years ago. The figures were enough to rank Cook second among a list of best-paid Silicon Valley executives, but this year's payout was atypical for the Apple CEO.

Vastly outpacing anyone on the list was Facebook CEO Mark Zuckerberg, who reaped $3.9 billion after cashing in $3.3 billion in stock options. HP leader Meg Whitman, in third place, took home a comparatively small $17.6 million.

Ranking CEO income versus a company's net income, Zuckerberg received $2.2 billion for every $1 billion generated by Facebook. Including the stock, Cook managed $2 million for every billion earned, while Whitman got $3.4 million.

Compensation consultant Alan Johnson tells USA Today that the gap between what executives make versus what the average worker does is increasing, and could be a problem. "The extremes are getting bigger and run smack dab into the debate of income inequality," he says. "Boards are quite concerned over how executive compensation will be perceived." He nevertheless argues that boards shouldn't worry about sharing money more equally, and should instead peg compensation to how much shareholder value an executive is worth.



By Electronista Staff
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Comments

  1. aviamquepasa

    Fresh-Faced Recruit

    Joined: 10-22-11

    all these guys are the same, some talk about etical purposes, bla, bla, bla, it is just money

  1. Spheric Harlot

    Clinically Insane

    Joined: 11-07-99

    What leads you to that conclusion? How do you know he isn't donating 65 million of that? Or bunkering it all, letting it work and create more wealth, only to be donated to a worthy cause after his death?

    You know NOTHING about any of these people's motivation, and posting stupid trite like that just makes you seem like a sad, envious loser.

  1. chas_m

    MacNN Staff

    Joined: 08-04-01

    As pointed out in the article, almost all of that compensation -- $70M of the $74M total -- comes from vested stock he cashed in. Those stock options were earned YEARS ago, for running Apple when Steve was ill (and have increased in value quite a bit since then). So in point of fact, Apple didn't pay Cook $74M this year, they paid him $4M (which I would argue is actually underpaid for his job), and he gets (and has gotten) a certain amount of stock-option reward if he does well and stays with the company.

    We can debate whether Apple should be so generous with its RSU or stock options if you like, but his actual *salary* is $4.3M which -- particularly compared to other CEOs -- seems very reasonable given his responsibilities.

  1. burger

    Forum Regular

    Joined: 09-13-00

    What?!?!? They're paying him to run Apple? Outrageous!

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