Bloomberg: Tim Cook's compensation doubles in 2020, but he drops to 8th in CEO salary

Bloomberg today released its annual Pay Index report covering 2020, which provides

compensation rating of top managers and generaldirectors of the United States. This year, Tesla CEO Elon Musk, unsurprisingly, is ranked # 1, while Apple CEO Tim Cook dropped to # 8 on the list.

In last year's rankings, Cook was the second mosta highly paid CEO with $ 133.7 million in revenue from a combination of shares, salary and bonuses. In 2020, according to Bloomberg, Cook's remuneration almost doubled to $ 265 million, but his place in the ranking fell to eighth.

According to the data, Cook made $ 10.7 million in bonuses, $ 250.3 million in stocks, $ 3 million in salaries and $ 1 million in benefits.

Bloomberg explains that one of the reasons for the growthexecutive compensation in 2020 was an increase in “like Musk's” bonuses. By comparison, Musk's total compensation in 2020 was $ 6.7 billion thanks to stock options.

As for the highest paidwomen executives and CEOs, Apple's list includes two: Deirdre O'Brien, senior vice president of retail and human resources, and Keith Adams, senior vice president and general counsel.

Source: bloomberg

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