The Wall Street Journal has just published its ranking of the highest paid CEOs among all those of the half thousand companies making up the S&P 500 stock index. The median of their salary thus rises for the first time to 13.4 million dollars, a record that has not dried up for five consecutive years. As for the highest paid executive, it is in fact Chad Richison ($211.13 million), at the head of Paycom Software.
Tim Cook, for his part, would have received a little less than $15 million in 2020, compared to a median of $57,783 for the rest of his employees. Steve Jobs' protégé has been at the head of Apple since the departure of its founder in 2011, and has led the company to a level of success that is particularly satisfactory for investors, notably withrecord dividends during their last payment.
Up to the task?
In the ranking of the highest paid bosses in the S&P 500, Tim Cook comes in “only” 171st despite these results. And this even though his company is first on the list, with a valuation of more than two trillion dollars according to the most recent estimates. Which actually accounts for 6% of the five hundred firms in the Standard & Poor's index, itself covering nearly 80% of the stock market in the United States by its capitalization.
No, where we need to look to better understand these differences is in fact the side of the shares and stock options paid to Cupertino's senior executives. Like the BSPCEs that we know in France, these are shares released according to the time spent under contract: the longer you stay, the better the final score. Andaccording toBloomberg, this is how Cook would be (virtually, therefore) a billionaire.
Tailor-made service
At Apple, Tim Cook is on hand for particularly careful comfort:his teams would have spent no less than $310,000 to protect his figurehead in 2018. On the program a priori, jet travel, bodyguards, home protection but also efforts in terms of confidentiality to avoid as many leaks as possible.
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By : Keleops AG