Jan 23, 2015 5:42 PM by News Staff
This is the other kind of Apple pay. CEO Tim Cook pulled in $9.2 million in 2014, according to a Thursday filing to the Securities and Exchange Commission, more than twice what he took home the year before.
But put that next to the earnings of retail chief Angela Ahrendts and it looks like a pittance. Her total came in at over $73 million for the year, on a base salary of $1 million.
Her deal with Apple, which wooed her from the top spot at Burberry, included $70 million in stock grants, $37 million of which was to make up for the unvested stock awards she left on the table at the U.K. brand. She also received a $500,000 signing bonus, "which was intended to offset some of the cash compensation that Ms. Ahrendts was scheduled to receive at Burberry," the proxy statement said.
Don't underestimate the value of Tim Cook and his precious time, though. As Business Insider points out, Apple paid him $57,000 for all the vacation days he didn't take in 2014.
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