Tim Cook has concluded his 15-year tenure as CEO of Apple, transitioning to the role of executive chairman. During his tenure, his cumulative pre-tax compensation amounted to approximately $2.397 billion, with about 93% derived from stock awards. This data is based on statistics from Apple's financial documents over 15 fiscal years, encompassing metrics such as the actual vested market value of stocks. Cook's compensation has sparked controversy among shareholders, prompting Apple to adjust his compensation framework by increasing the proportion of performance-linked stocks. Cook's annual compensation has fluctuated in line with Apple's stock price, performance, and compensation adjustments. During his tenure, Apple's market cap has grown by over 1300%, and its revenue has doubled. Following his departure, Cook's base salary and equity awards have been reduced, but he remains eligible for substantial equity compensation. The new CEO, John Ternus, has a target total compensation of $58 million for fiscal year 2027, with 75% of the equity portion tied to performance. In comparison, Cook's compensation ranks at a moderate level among top executives in the U.S. tech industry.
