“Five Apple Inc. employees who were paid $281 million last year are among the 100 highest-paid executives in the U.S.,” Caleb Melby reports for Bloomberg. “They’re worth every penny, according to the Bloomberg Pay Index, the first daily ranking of U.S. executive compensation.”
“Chief Executive Officer Tim Cook, Senior Vice Presidents Angela Ahrendts, Eduardo Cue and Jeffrey Williams, and former Chief Financial Officer Peter Oppenheimer have a combined pay package equivalent to about 1 percent of the company’s economic profit, according to the ranking,” Melby reports. “Cook received $65.2 million and delivered the best pay-for-performance among U.S. CEOs.”
“Ahrendts was awarded $82.6 million last year, making her the highest-paid executive at Apple, and the 10th-highest paid in the U.S. After running London-based fashion retailer Burberry Group Plc for six years, she joined Apple to oversee its retail and online businesses in May 2014, becoming the first woman on the company’s management team,” Melby reports. “Her pay, which included a sign-on bonus and a make-whole grant for awards left behind at Burberry, is equal to 0.3 percent of Apple’s $28.6 billion three-year average economic profit.”
Read more in the full article here.
MacDailyNews Take: Worth every penny, indeed.
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