Apple boss receives massive pay rise
Apple's chief executive Tim Cook's base salary was increased by nearly 43% in February 2014, according to the company. Mr Cook's salary rose to $2m (£1.3m) from $1.4m, and his total remuneration more than doubled to $9.2m (£6.1m) in 2014.
The base salaries for other executives were also increased by over 14% to $1m, the company said in its annual report.
The increase to Mr Cook's salary was the first since November 2011. He became the firm's chief executive in August 2011.
In the report, Apple said the increases were given after reviewing "peer company" market data provided by its independent compensation consultant. The executive team's bonuses were also increased to a maximum of 400% of the member's salary.'
Ethical Consumer deems any annual remuneration above £1 million to be excessive for which we give companies a minus point in our Anti-Social Finance category.
Apple have also been in the news recently over the poor pay and conditions of workers in its supply chain. Read more about Apple >
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