In a development that should surprise no one ever, upper-tier Apple executives are extremely well-compensated individuals, this according to a recent SEC filing that lays out just how much cheddar the top six managers, thinkers and number-crunchers at One Infinite Loop really make. Here you go:
Tim Cook, CEO: The boss made $9,222,638 in 2014, with $1.7 million of that in salary, $6.7 million from a non-equity incentive plan and $774,176 in security expenses, vacation cash-outs and other compensation. This is all a drop in the bucket compared to his haul in 2011, when he was awarded $376 million in restricted stock units.
Luca Maestri, svp and CFO: Thanks to stock awards of over $11 million, Maestri’s total compensation for 2014 was a cool $14,002,801. This was his first year as an Apple exec, following the retirement of…
Peter Oppenheimer, ex-CFO: Oppenheimer announced his retirement in March and left the company in September, but not before earning $4,517,720 for his efforts. That doesn’t seem like much, though, compared to the $68.5 million (mostly in stock) he earned in 2012.
Angela Ahrendts, svp of Retail and Online Stores: Her salary of $411,538 is but pocket change compared to the $70 million Ahrendts earned in stock incentives in 2014, her first year with Apple after leaving a gig at Burberry, where she was CEO. All added up, Ahrendts was compensated $73,351,124 in 2014.
Eddy Cue, svp of Internet Software and Services: Thanks to $20 million in stock awards, Cue earned $24,445,739 in 2014 — chicken scratch compared to the $2.6 million he pulled in back in 2013.
Jeff Williams, svp of Operations: Like Cue, Williams was on the receiving end of $20 million in stock awards last year, bringing his 2014 compensation to $24,403,235.
The filing also lists the compensation for the Apple board of directors, which includes Disney CEO Bob Iger ($317,757) and former Vice President Al Gore ($316,481). The highest paid board member was Calico chairman Art Levinson ($522,855) and the lowest was BlackRock co-founder Sue Wagner ($186,366), however she joined the board in July following the exit of longtime member Bill Campbell ($299,883).