Apple CEO Cook Gets $9.22 Million in Pay as Stock Reaches Record
Tim Cook, CEO of Apple Inc., after a product announcement in Cupertino, California, on Oct. 16, 2014.
Photographer: Noah Berger/BloombergThis article is for subscribers only.
Apple Inc. Chief Executive Officer Tim Cook received compensation valued at $9.22 million last year, more than double his pay in 2013, as optimism for new products pushed the iPhone maker’s stock to a record.
The company also said Mickey Drexler, CEO and chairman of J. Crew Group Inc., will retire from Apple’s board, where he’s served as a director since 1999. A replacement wasn’t named.