Apple CEO Tim Cook made $9.2M in 2014; board member Drexler retiring
It's not a big surprise, but Apple CEO Tim Cook isn't exactly a poor man. In the company's filed SEC Schedule 14A, it was disclosed that Cook pulled in a cool US$9,222,638 in compensation last year. Of that amount, $1,748,462 was his salary, non-equity incentive compensation was $6,700,000, and another $774,176 in "other compensation" added to the total. That total was over double the $4.3 million Cook made in 2013, but considering Apple had a record year, he definitely earned it.
There were some big paydays for other Apple execs as well. New hire Angela Ahrendts, the senior vice president of retail and online stores, pulled in over $70 million in stock awards. $37 million of those awards were to compensate Ahrendts for unvested awards of stock at her previous employer - Burberry - and a nice lump sum of $33 million as a new hire at Apple. I'd venture that every Apple new hire would love a stock award of $33 million... or even just a $33,000 bonus.
Senior VP of internet software and services Eddy Cue also nabbed a large stock award of over $20 million, as did operations senior VP Jeff Williams.
In other news, longtime Apple board member and former president and CEO of The Gap, Inc. Millard "Mickey" Drexler will be stepping down from his role on the board in March of 2015. Drexler is 70 years old, the oldest Apple director, and has served on the board since 1999. Apple has not yet nominated a replacement for Drexler.
Remember that Apple's Q1 2015 earnings call is coming up on Monday, January 27 at 5 PM ET. We will be bringing you news of the company's fortunes for the first fiscal quarter of 2015, as well as providing a liveblog of the earnings call.
