Apple has published its annual proxy statement with details on the compensations of its key executives and other expenses it made in 2021.
, and the document reveals some interesting tidbits about Apple's executives pay, how much money was spend on his private jet expenses and for his security. Additionally, Apple has announced it will hold its annual shareholders meeting on March 4, 2022.The document published by Apple details the compensation of the executive team for 2021; here's a breakdown you can check out:Non-equity incentive plan compensation: $10.
To give you some context, Tim Cook's total compensation was $14.77 million in 2020 and $11.55 million in 2019. The cool thing is that he has always stated he is giving a vast majority of his fortune away.The document doesn't only reveal the compensations for the executives at Apple. It also gives us some information on how much money the company has paid for keeping Tim Cook safe and for his private jet for travels.
So, here are the numbers. In 2021, Apple spend $712,488 for Tim Cook's travels via his private jet. This amount also includes hourly flight charges, fuel charges, departure and landing fees. On Tim Cook's security, Apple spent a total of $630,630. Additionally, the document reveals a bit of information about how the payments are calculated and what is the CEO pay rate to an average Apple employee. An employee's salary is based on base salary, bonuses, commissions, and equity awards. The total compensation of Apple's median compensated employee for 2021 was $68,254. Compared to Tim Cook's $98,734,394 total compensation, this means the CEO pay ratio is 1,447 to 1.
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