Apple CEO Tim Cook took home $10.3 million in 2015
While it sounded like Apple had a good year, the value of the company declined during 2015 for the first time since 2008. Last year, Apple's market capitalization (share price x shares outstanding) dropped 4.64% as the company shed $57 billion in value during 2015. Despite the drop in the company's share price, Cook received a 11.5% pay hike to $10.3 million last year. That included a 14% increase in the executive's base compensation to $2 million. He also received $8 million in incentives that were not related to Apple's stock, a 19% increase.
While Apple's shares briefly traded under $100 yesterday for the first time in almost 5 months, they closed at $100.70. At that price, Cook's unvested Apple shares are worth more than $310 million.
Other Apple executives took home more money than their boss. For example, CFO Luca Maestri had an 81% hike in compensation to $25.3 million last year.