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Tim Cook got a hefty raise this year

It’s a good year to be Apple’s CEO. With the much-anticipated iPhone X out of the gate, and the company’s financials back on track, Tim Cook saw a 74% boost in his annual bonus compensation, Bloomberg reports. For the fiscal year ended September 30, Cook’s total payout was about $102 million, which included $9.33 million … Continue reading “Tim Cook got a hefty raise this year”

Tim Cook got a hefty raise this year
[Photo: Scott Olson/Getty Images]
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It’s a good year to be Apple’s CEO. With the much-anticipated iPhone X out of the gate, and the company’s financials back on track, Tim Cook saw a 74% boost in his annual bonus compensation, Bloomberg reports. For the fiscal year ended September 30, Cook’s total payout was about $102 million, which included $9.33 million in incentive pay, $3.06 million in salary, and an equity award of $89.2 million.

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Cook, you might recall, took a rare pay cut last year after Apple missed its sales goals, with a total 2016 compensation package was $8.75 million, compared to $10.28 million in 2015.

Then again, as we reported yesterday, it’s been a pretty good year for tech billionaires in general. The tech sector’s elite is amassing wealth at a faster rate than anyone else on the planet. Congratulations, I guess.

About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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