Apple CEO Tim Prepare dinner acquired $74.6 million in total compensation in 2024, in keeping with a report from the Wall Road Journal, and 18% extra in 2024 than he did in 2023.
The rise could be attributed to better earnings in inventory awards and non-equity incentive compensation: $58.1 million in inventory awards, $12 million in non-equity incentive compensation, and $1.5 million in different compensation in 2024 in comparison with $47 million in inventory awards, $10.7 million in non-equity incentive compensation, and $2.5 million in different compensation in 2023.
His base wage has remained regular at $3 million for the previous three years.
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In 2024, Prepare dinner was the fifth highest-paid CEO in america. The very best paid is Jon Winkelried, CEO of asset supervisor TPG, with a compensation of $198.7 million, adopted by Hock E. Tan of Broadcom, with $161 million in compensation, and David Zaslav of Warner Bros with $146.6 million.
Apple is the most important firm on the earth on the time of writing, with a market cap of over $3.4 trillion.
Tim Prepare dinner. Picture by Chris Jackson/Getty Photos
Prepare dinner additionally made the listing of highest-paid CEOs in 2023, in keeping with a examine launched in June by the Related Press. The examine in contrast CEO compensation to the earnings of median-level staff and located that the midpoint compensation package deal for CEOs in 2023 was $16.3 million, or virtually 200 occasions greater than an worker on the midpoint of the corporate’s pay hierarchy.
The examine discovered that, in 2023, Prepare dinner made 672 occasions greater than the median worker at Apple. Prepare dinner was the third highest-paid CEO in 2023, after Broadcom’s Hock E. Tan and Truthful Issac’s William J. Lansing.
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Prepare dinner’s total compensation was $63.2 million in 2023 and $99.4 million in 2022.
Prepare dinner took a 40% pay reduce in 2023, partly as a result of he had really helpful decreasing his pay following a shareholder vote about govt compensation.
The share of Apple shareholders who supported the pay of the corporate’s executives declined from 94.9% at Apple’s annual shareholder assembly in 2021 to 64% on the similar assembly in 2022.
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