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Tim Cook's 2015 pay package climbs 12 percent to US$10.3 million

Gregg Keizer | Jan. 8, 2016
Apple's chief exec also gets a 50 percent raise in base salary for 2016, to US$3 million.

Cook received $8 million in the form of a cash bonus, while Ahrendts, Cue, Maestri, Riccio and Sewell received $4 million each.

Cook's $1 million raise was awarded, Apple said, "In recognition of [his] individual performance and remarkable leadership," and went into effect at the beginning of 2016. The salary boost also meant that Cook could earn a cash bonus of up to $12 million for the current fiscal year.

The proxy statement was issued in preparation for the upcoming stockholders' meeting, which will be held February 26 on Apple's campus. The eight current board members -- who include Cook, former Vice President Al Gore and Bob Iger, the chairman and CEO of the Walt Disney Co. -- are all up for re-election.

 

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