Apple CEO Tim Cook gets $US1m pay raise

Apple CEO Tim Cook got a $US1 million pay raise in 2015, while five VPs got $US25 million a piece and the company made a record $US53 billion profit.

Apple CEO Tim Cook.

Apple chief executive Tim Cook got a raise of more than $US1 million last year. (AAP)

Apple chief executive Tim Cook got a raise of more than $US1 million last year, though he didn't make as much as his top lieutenants.

The tech company says in a filing that Cook's total pay was nearly $US10.3 million ($A14.72 million), including $US2 million salary, an $US8 million bonus and $US209,000 for private security. Apple paid five senior vice presidents more than $US25 million apiece, including stock grants worth $US20 million.

Cook hasn't received stock in recent years. He was given restricted grants worth $US384 million in 2011, when he became CEO.

Apple earned a record $US53 billion profit on sales of $US233.7 billion in the fiscal year ending in September. Its stock rose 15 per cent during that period, although shares have sagged recently amid worries about Apple's ability to keep growing.


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Source: AAP


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