Tim Cook was paid 1,447 bits the income of the average employee
In 2021, Apple's chief executive Tim Cook's income was 1,447 bits the average worker at the tech giant.
Moreover, indicated fueled by fundraising awards that assisted him to reap an aggregate of almost $100 million.
Besides, Apple said that the average employee pay was $68,254 in 2021.
It has also appointed a fresh average employee to distinguish due to differences in hiring and salary.
Moreover, back in 2020, the average salary was $57,783. And the salary ratio was 256 times that of Cook.
Extended this, The iPhone maker has benefited from great demand over the past two years as customers who regulate from home spend money on advancements.
Apple's income thrived more than 30% to $365.82 billion in fiscal 2021, and its commodity market cap briefly outperformed $3 trillion this year.
Cook, whose salary continued at $3 million, earned $82.3 million in stocks.
Along with this, $12 million to meet Apple's goals and $ 1.4 million in air travel, 401 (k) plan, safety premiums and more.
In aggregate, he reaped $98.7 million, surged from $14.8 million in 2020.
Post-co-founder Steve Jobs's death, Cook assumed control of the company in August 2011.
Till now, he has been the chief executive of the company. The stock has been up to over 1000% since Cook took charge of the company.
Furthermore, Cook attained 333,987 restricted shares in September in his first stipend since 2011 as a portion of a long-term equity plan. Therefore, he will be worthy of extra units in 2023.
In 2015, Cook said Fortune magazine that he intended to donate his fortune to charity.
In addition, In 2020, according to a report by the Economic Policy Institute, CEOs in the United States were paid 351 times more than the average employee.
However, executive pay rose about 60% rapidly than the stock market from 1978 to 2020.