Apple Management

Management criteria checks 3/4

Apple’s CEO is Tim Cook, appointed in Aug 2011, he has a tenure of 11.8yrs. His total yearly compensation is US$99.4m, comprised of 3.0% salary and 97.0% bonuses, including company stock and options. He directly owns 0.02% of the company’s shares, worth US$523.1m. The average tenure of the management team and the board of directors is 4.9yrs and 11.8yrs respectively.

Key information

Tim Cook

Chief executive officer

US$99.4m

Total compensation

CEO salary percentage	3.0%
CEO tenure	11.8yrs
CEO ownership	0.02%
Management average tenure	4.9yrs
Board average tenure	11.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Cook's remuneration changed compared to Apple's earnings?
Date	Total Comp.	Salary	Company Earnings
Apr 01 2023	n/a	n/a	US$94b
Dec 31 2022	n/a	n/a	US$95b
Sep 24 2022	US$99m	US$3m	US$100b
Jun 25 2022	n/a	n/a	US$100b
Mar 26 2022	n/a	n/a	US$102b
Dec 25 2021	n/a	n/a	US$101b
Sep 25 2021	US$99m	US$3m	US$95b
Jun 26 2021	n/a	n/a	US$87b
Mar 27 2021	n/a	n/a	US$76b
Dec 26 2020	n/a	n/a	US$64b
Sep 26 2020	US$15m	US$3m	US$57b
Jun 27 2020	n/a	n/a	US$58b
Mar 28 2020	n/a	n/a	US$57b
Dec 28 2019	n/a	n/a	US$58b
Sep 28 2019	US$12m	US$3m	US$55b
Jun 29 2019	n/a	n/a	US$56b
Mar 30 2019	n/a	n/a	US$57b
Dec 29 2018	n/a	n/a	US$59b
Sep 29 2018	US$16m	US$3m	US$60b
Jun 30 2018	n/a	n/a	US$56b
Mar 31 2018	n/a	n/a	US$53b
Dec 30 2017	n/a	n/a	US$51b
Sep 30 2017	US$13m	US$3m	US$48b
Jul 01 2017	n/a	n/a	US$47b
Apr 01 2017	n/a	n/a	US$46b
Dec 31 2016	n/a	n/a	US$45b
Sep 24 2016	US$9m	US$3m	US$46b

Compensation vs Market: Tim's total compensation ($USD99.42M) is above average for companies of similar size in the BG market ($USD4.27M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

CEO

Tim Cook (61 yo)

11.8yrs

Tenure

US$99,420,097

Compensation

Mr. Timothy D. Cook, also known as Tim, has been the Chief Executive Officer of Apple Inc. since August 24, 2011. Mr. Cook served as the Chief Operating Officer of Apple Inc., from October 14, 2005 to Augu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Cook	CEO & Director	11.8yrs	US$99.42m	0.021% $ 523.1m
Luca Maestri	CFO & Senior VP	9yrs	US$27.15m	0.00068% $ 17.1m
Jeffrey Williams	Chief Operating Officer	7.4yrs	US$27.15m	0.0031% $ 78.0m
Katherine Adams	Senior VP	5.5yrs	US$27.15m	0.0027% $ 67.2m
Deirdre O'Brien	Senior Vice President of Retail	less than a year	US$27.15m	0.00087% $ 21.8m
Chris Kondo	Senior Director of Corporate Accounting	8.4yrs	no data	0.00022% $ 5.5m
James Wilson	Chief Technology Officer	4.3yrs	no data	no data
Mary Demby	Chief Information Officer	no data	no data	no data
Nancy Paxton	Senior Director of Investor Relations & Treasury	no data	no data	no data
Greg Joswiak	Senior Vice President of Worldwide Marketing	2.8yrs	no data	no data
Adrian Perica	Head of Corporate Development	4.3yrs	no data	no data
Carol Surface	Chief People Officer	less than a year	no data	no data

4.9yrs

Average Tenure

58yo

Average Age

Experienced Management: APC's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Cook	CEO & Director	11.8yrs	US$99.42m	0.021% $ 523.1m
Arthur Levinson	Independent Non-Executive Chairman of the Board	23.3yrs	US$562.46k	0.029% $ 731.9m
Andrea Jung	Independent Director	15.3yrs	US$409.51k	0.00046% $ 11.5m
Ronald Sugar	Independent Director	12.5yrs	US$423.95k	0.00067% $ 16.8m
Monica Lozano	Independent Director	2.3yrs	US$376.47k	0.000030% $ 752.7k
Albert Gore	Independent Director	20.3yrs	US$382.35k	0.0030% $ 74.5m
James Bell	Independent Director	7.6yrs	US$383.71k	0.00023% $ 5.8m
Alex Gorsky	Independent Director	1.5yrs	US$453.19k	0.000010% $ 250.9k
Susan Wagner	Independent Director	8.8yrs	US$405.42k	0.00042% $ 10.5m

11.8yrs

Average Tenure

65yo

Average Age

Experienced Board: APC's board of directors are seasoned and experienced ( 11.8 years average tenure).

Apple Management

Management criteria checks 3/4

Key information

Recent management updates

Apple Inc. Appoints Carol Surface as Chief People Officer

Apple Inc., Annual General Meeting, Mar 10, 2023

Insufficient new directors

Recent updates

Senior Director of Corporate Accounting recently sold €643k worth of stock

Second quarter 2023 earnings released: EPS: US$1.53 (vs US$1.54 in 2Q 2022)

Apple Inc. Declares a Cash Dividend, Payable on May 18, 2023

Apple Inc. Appoints Carol Surface as Chief People Officer

First quarter 2023 earnings released: EPS: US$1.89 (vs US$2.11 in 1Q 2022)

Apple Inc. Declares Cash Dividend, Payable on February 16, 2023

Apple Introduces the New Homepod with Breakthrough Sound and Intelligence

Apple Introduces New Mac Mini with M2 and M2 Pro — More Powerful, Capable, and Versatile Than Ever

Apple Inc., Annual General Meeting, Mar 10, 2023

ITC Judge Rules Apple Inc. Violated U.S. Trade Laws by Infringing Masimo Pulse Oximeter Patent

Apple Inc. Introduces Apple Music Sing

Senior Director of Corporate Accounting recently sold €2.9m worth of stock

Apple Inc. Announces Emergency SOS via Satellite Available on the iPhone 14 Lineup in the US and Canada

Apple Inc. Announces Cash Dividend, Payable on November 28, 2022

Full year 2022 earnings released: EPS: US$6.16 (vs US$5.67 in FY 2021)

Apple Declares A Cash Dividend Payable on November 10, 2022

Apple Inc. Introduces the Powerful Next-Generation Apple TV 4K

Apple Inc. Unveils Completely Redesigned IPad in Four Vibrant Colors

Humixx Launches the Truly Full Protection Cases for iPhone 14 Series

Apple Introducing Apple Watch Ultra

Aurora Innovation Reportedly Mulls Possible Sale to Apple or Microsoft

Settlement Reached in eBooks Class Actions

Settlement Reached in eBooks Class Actions

France-Based iOS Developers Teams Up with U.S. Firm Hagens Berman in Antitrust Class-Action Lawsuit Against Apple’s App Store Fees

Third quarter 2022 earnings released: EPS: US$1.20 (vs US$1.31 in 3Q 2021)

Apple Inc. Declares Cash Dividend, Payable on August 11, 2022

Lieff Cabraser LLP, Stiegler Law Firm LLC, and Robert B. Landry III plc File Federal Lawsuit Against Apple, Inc. for Failure to Pay Overtime and Other Lawfully Required Compensation to Apple Solutions Consultants

Apple Provides Developers with Even More Powerful Technologies to Push the App Experience Forward

Apple Unveils New Apple Watch Pride Edition Bands

Apple Unveils New Apple Watch Pride Edition Bands

Parents Sues Apple, Luxshare-ICT, Inc. and Luxshare Precision Industry Co. Ltd for Negligence and Fraud for Failing to Properly Design and Test the Devices

Now 22% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$1.54 (vs US$1.41 in 2Q 2021)

SOC Investment Group Files an Exempt Solicitation Statement to Apple

Apple Business Essentials Now Available for Small Businesses

Apple Inc. Unveils All-New Mac Studio and Studio Display

Now 20% undervalued after recent price drop

Apple Inc. (NasdaqGS:AAPL) acquired AI Music Limited.

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

California Crane School, Inc. Files Class Action Lawsuit in California Alleging Google Is Paying Apple to Stay Out of the Search Engine Business

Senior Director of Corporate Accounting recently sold €1.2m worth of stock

Full year 2021 earnings released: EPS US$5.67 (vs US$3.31 in FY 2020)

Parus Files Second Patent Lawsuit Against Apple for Infringement of its Proprietary Voice-Browsing and Device Control Technology

Apple Inc. Unveils iPhone 13 Pro and iPhone 13 Pro Max

Amazon Reportedly Likely Front-Runner for Multiyear NFL Sunday Ticket Deal

Apple Inc. (NasdaqGS:AAPL) acquired Primephonic B.V., from Gordon P. Getty and others.

Apple, US Developers Agree to App Store Updates That Will Support Businesses and Maintain A Great Experience for Users

Insufficient new directors

Third quarter 2021 earnings released: EPS US$1.31 (vs US$0.65 in 3Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age