Apple CEO Tim Cook Sees $1M Pay Rise in 2015 Fiscal Year

Apple enjoyed record financial success during the 2015 fiscal year, and this appears to have resulted in noticeably higher pay for chief Tim Cook, who earned over $1 million more than in the preceding year.

This increase has been revealed by a freshly published SEC filing. As indicated in this document, Cook’s salary was $2 million, while a further $8 million was accounted for by non-equity incentive compensation. Other compensation added another $280,000 to the total.

For comparison, Cook’s earnings during the 2014 fiscal year reached $9.22 million, made up of a $1.7 million salary and $6.7 million non-equity incentive compensation. Therefore, the total year-on-year increase in Cook’s earnings has been about $1.1 million.

The 2016 fiscal year began with the fourth quarter of the 2015 calendar year – and, on Tuesday, January 26, Apple will announce its earnings for this period, during which the iPad Pro and fourth generation Apple TV were released to great fanfare.

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