Tim Cook ranks 171/500 in CEO pay rating: Report
Apple CEO Tim Cook’s compensation for heading probably the most worthwhile firm in the US is comparatively modest, as he’s positioned on the 171st place in rankings of S&P 500 CEO earnings.
Apple is on the prime of the Standard & Poor’s 500 rankings in phrases of market capitalisation however Cook’s direct pay from the corporate is way decrease than many others in the checklist, AppleInsider, citing WSJ, reported on Tuesday.
Cook trails far behind Paycom CEO Chad R. Richison, who topped the checklist with $211 million in whole pay, adopted by Shantanu Narayen of Adobe at third with $45 million, the $23 million earned by Daniel H. Schulman of Paypal in forty ninth place and IBM CEO Arvind Krishna in 122nd with $17 million.
At the opposite finish of the dimensions, Warren Buffet is in 413th place with $380,328, Jack Dorsey of Twitter is in 414 with a token $1 wage, and Elon Musk is in final with $0.
The complied compensation knowledge for 416 CEOs from the five hundred corporations on that checklist confirmed Cook’s whole pay for 2020 was $14,769,259, in accordance with the report.
Despite seeming excessive and in addition rising 28 per cent from his 2019 compensation, this solely places Cook in place 171 on the checklist.
While the rankings point out Cook is getting paid equally to different main CEOs, it’s not all the story, the report stated.
Given that many CEOs, together with Cook, are stockholders in the corporate they lead, their wage can turn out to be solely a small a part of their whole general revenue, it added.
