Apple is one of those top companies worldwide which grab hell lot of eyeballs and curiosity when it comes to their revenues and products.
There are multiple reasons behind the sky-high success of this company and one is that they really appreciate the work of their employees and give them nice monetary benefits.
An amazing fact regarding the pay system of company has come out recently and is giving all the reason for being surprised to netizens.
It has been reported in the latest filings of the company that the CEO, Tim Cook is not the highest paid person in the company but it is the senior vice president of retail and online stores, Angela Ahrendt.
The latest filings of Apple suggest that Angela received a payment of $24.2 million (Rs 154,49,40,100) in 2017 which is almost twice compared to CEO Tim Cook who earned $12.8 million (Rs 81,71,58,400). However, the above-shared pay doesn’t include a share award that Cook received in 2011, which equates to about £66.4 million (Rs 572,83,85,082).
The responsibilities of Angela include looking after strategy, real estate and development, and operations of Apple’s physical stores, online store, and contact centres.
In 2017, she received a salary of $1 million (Rs 6,38,40,500). Apart from this, she was also paid $20 million (Rs 127,68,10,000) in stock, $3.1 million (Rs 19,79,05,550) in performance pay, and $88,000 (Rs 56,17,964) in other compensation.
And to conclude, this is not the first time that Angela has been paid more than Cook. She is getting more pay every year since ever since she joined Apple in 2014 and left the profile of director and CEO at luxury fashion brand Burberry.
Isn’t that amazing?