Apple CEO Tim Cook spent over $400k on travel expenses in 2020

But that's just a dent in the $14+million he got...

2w ago
9.4K

The coronavirus pandemic has meant that many people around the globe have not been able to travel due to restrictions and the risk of being infected by the virus.

However, many businesses have still had to travel, Apple included, which is why its CEO Tim Cook has had to fly about. But who would have thought he'd have spent more on travel in 2020 than in 2019?

Included in the tech giant's filing with its stockholders on Tuesday ahead of its annual shareholder meeting in February, Apple claimed Tim Cook's air travel expenses were $432,564 last year. That's up more than 37% from the $315,311 Apple announced in 2019, which itself had risen from 2018.

Of course being Apple's CEO means Tim can travel using a private jet which he is also allowed to use for personal travel, but it's unlikely he did much of that. Apple paid him $115,385 in unused vacation time, up 25% from 2019.

But what racked up the bills? Well, Cook's air travel includes costs for fuel, departure and landing fees, and hourly flight charges. Apple declined to comment on how those costs have changed with additional health measures in response to the pandemic.

Those vacation and travel costs, as well as other items like his $3 million salary, 401(K) contributions, life insurance and $470,246 in security costs, all added up to $14.7 million. That's up 28% from 2019, and down slightly from from 2018.

All in all, Cook's compensation was about 256 times the median compensation for Apple's employees.

Compensation for other executives working at Apple included $26.3 million for CFO Luca Maestri, $26.2 million for General Counsel Kate Adams, $26.3 million for head of people and retail Deirdre O'Brien, and $26.3 million for COO Jeff Williams. Each had risen from 2019.

Sure, this is an awful amount of money, but you have to remember this is one of the world's biggest technology companies, therefore its valid to invest so much into travel...but why not just use FaceTime?

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Comments (9)

  • he was probably travelling back and forth from the factory on the Lookout platform in geostationary orbit where they're building the new iPhoneless iPhone

      17 days ago
    • we got tired of making iphones so here is a new iphoneless iphone which you can pretend to have. Starting from like 699 dollars idk piss off ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

        17 days ago
    • exactly "The new iPhoneless iPhone. It can be anything you imagine it to be"

        17 days ago
  • Thats just worth a couple of chargers and add on apple connectors

      17 days ago
  • I'm not sure that 400k is really that crazy for the CEO of one of the worlds largest companies.

      17 days ago
  • Iโ€™ve unfortunately probably paid half of that. Apple stuff is expensive but it sure is cool๐Ÿ˜‚

      17 days ago
  • Hereโ€™s how much Appleโ€™s CEO made in 2020 @tribe

      17 days ago
    • since he's planning on giving us phoneless phones, is he gonna get paid in moneyless money? ๐Ÿ˜‚

        17 days ago
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