Will Apple’s $1 Trillion Milestone Give Tim Cook a Pay Raise?
Apple flooded news headlines everywhere yesterday as its market value crossed $1 trillion for the first time after reporting handsome quarterly earnings. No other public company has ever reached this milestone.
Just days before Apple made history, all eyes were on Amazon to become the first $1 trillion company. Despite a decent earnings report, though, Amazon ended up a few millions short and stabilized near $900 billion for most of the past week.
When Amazon was a hot target of speculation, the most closely watched number other than company market value was potential changes in CEO Jeff Bezos’ net worth, as it changed every previous time Amazon shares fluctuated. Now that Apple proudly sits at $1.004 trillion, what does it mean for Apple’s CEO Tim Cook?
It depends on how you count his compensation.
Cook is somewhat an anomaly in Silicon Valley’s mega-tech CEO club. Unlike Jeff Bezos, Mark Zuckerberg or Elon Musk, Cook doesn’t own any founding equities in the company he runs, which in most cases account for the majority of a CEO’s net worth and annual income.
- Tim Cook made over $136 million in total compensation in 2018, including a $12 million bonuswww.businessinsider.com.auJanuary 9, 2019
- A Trade War With China Is the Only Barrier to Apple Reaching $1 Trillionobserver.comAugust 1, 2018
- Apple Is Now Making CEO Tim Cook Fly Privatewww.newsy.com
- Why It's Vital to See What Apple CEO Tim Cook Does With His $120 Million Awardwww.thestreet.comAugust 29, 2018