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.
