Apple chief executive Tim Cook saw his total remuneration jump by 22 per cent its last fiscal year ended in September, as iPhone sales hit a peak from which they have since begun a sharp decline.
With the company’s shares still flying high last summer, Mr Cook was also rewarded with stock gains worth $60m, as a tranche of a long-term stock plan granted in 2011 came due.
Apple said its total shareholder return over the three years to last August had put it among the top 12 per cent of companies in the S&P 500, justifying the stock payout. The shares have tumbled 35 per cent since hitting a peak three months ago, however, over worries that the iPhone boom over which Mr Cook presided is coming to an end.
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