“Apple Inc.’s Tim Cook has the best pay-for-performance rating of any chief executive officer on the Bloomberg Pay Index, the first daily ranking of the highest-paid U.S. executives,” Caleb Melby reports for Bloomberg.
“Cook was awarded $65.2 million in compensation last year. During the three fiscal years he has run Apple, revenue climbed 69 percent to $183 billion and net income grew 53 percent to $39.5 billion. Sales of iPhones more than doubled to $102 billion,” Melby reports. “The 54-year-old’s awarded pay package, which makes him the 17th-highest paid U.S. executive, is dwarfed by Apple’s three-year average economic profit of $28.6 billion, the index shows.”
Melby reports, “Cook’s pay is 0.2 percent of economic profit, the smallest fraction of any CEO in the ranking, showing that investors are getting a better return on each dollar they pay Cook.”
Read more in the full article here.
MacDailyNews Take: As we wrote back in January, “Cook is worth every penny and then some.”
Apple CEO Cook more than doubled his paycheck to $9.22 million in 2014 – January 22, 2015