Apple CEO Tim Cook dinner was the richest CEO of a publicly traded organization in 2016 by some distance right after amassing a whopping $one hundred forty five million, according to Bloomberg.
Irrespective of producing a paltry $eight.seventy five million in salary and hard cash awards, Cook dinner bagged residence $136 million in vested stocks he been given in 2011 when he took around as CEO from co-founder Steve Work opportunities. Cook’s vested stock by itself was $thirty million more than what the 2nd-most-compensated CEO, Netflix’s Reed Hastings, acquired in total.
Bloomberg’s report tallied 25 of the most compensated CEOs who operate S&P 500 providers according to its once-a-year SEC filings. The checklist seriously skews toward know-how, well being treatment and media CEOs.
Numerous Silicon Valley CEOs built the checklist with Cook dinner and Hastings, these kinds of as Oracle CEO Safra Catz ($85.ninety two million), Salesforce CEO Marc Benioff ($85.03 million) and Activision Blizzard CEO Robert Kotick ($57.65 million).
Hastings, Catz and Benioff built most of their earnings by training their choices, or cashing out their stock for a specific market cost. Hastings in particular hit a jackpot with exchanging his stock choices, making $one hundred and five.39 million in 2016. He also built $900,000 in salary.
Cook dinner acquired his income differently. He relied on his one.26 million vested Apple shares he been given from Apple’s board when he turned CEO in 2011. 980,000 of the vested stock was contingent on Cook dinner finishing out his 1st five decades as Apple CEO. The rest, all around 280,000 shares, was vested on Apple’s three-12 months total shareholder return relative to the S&P 500 Index.
Cook dinner has now made more than $320 million from the 2011 vested shares award, according to Bloomberg.
The fifty six-12 months-old Cook dinner is renowned for his reasonably modest life style. He life in a four-bed room Palo Alto property he bought for $one.9 million in 2010—after promoting more than $100 million of Apple stock proper ahead of. He has no young children or partner.
Cook dinner claimed in a 2015 interview with Fortune who options to donate all his wealth to charitable causes.
Picture: Apple CEO Tim Cook dinner watches as customers of the media verify out the new MacBook Professional at a push function held at the company’s headquarters in Cupertino, Calif., on Thursday, Oct. 27, 2016. (Dan Honda/Bay Location News Group)
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