Cook, 56, actually took home $145 million, almost all of it from awards granted back in 2011. He’s not the only chief executive officer of a publicly traded U.S. company to cross the $100 million threshold for take-home pay, commonly referred to as realized pay. Reed Hastings, 56, of Netflix Inc., reaped $106 million last year.Bosses in the technology, health care and media industries dominated the list. Take-home pay is the sum of the values of stock vested and options exercised during the fiscal year, along with cash from salaries, bonuses and perks. Companies typically grant equity to executives as incentives each year. Those awards are reported at their target values in the summary compensation tables of annual proxy statements.Cook’s 2016 take-home pay came primarily from the vesting of 1.26 million shares, valued at $136 million, which were awarded after he became Apple’s CEO in 2011. About one-fifth of the shares were tied to the firm’s three-year total shareholder return relative to the S&P 500 Index. Shares of the iPhone maker gained 78 percent in the 36 months through the fiscal year ended Sept. 28, placing it in the top third of the index. The remaining 980,000 shares vested solely on his continued employment.Cook has now amassed more than $320 million from vested shares of the 2011 award. His $145 million total take-home pay for fiscal 2016 also includes a $3 million salary, a $5.37 million cash bonus and $377,719 in perks. In a 2015 interview with Fortune magazine, Cook said he plans to donate his fortune to philanthropy. According to Standard and Poor’s report, take-home pay for the top 25 CEOs in their list totalled $1.65 billion. These included heads of technology firms, health care, and the media industry. In fact, Cook wasn’t the only US CEO to cross the $100 million threshold. Netflix’s Reed Hastings made $106 million in 2016, the second highest in 2016 for S&P 500 chiefs.In fact, Bloomberg’s Pay Index last week portrayed just how much tech CEOs are earning. Five of their six top spots in the list of highest-paid CEOs in the world included head of various technology firms, including Cook, Google’s Sundar Pichai, Tesla’s Elon Musk, and IBM’s Virginia Rometty. Here too, Cook was listed as raking in $150,036,907, though his salary and bonus was reported as a fractional $8.37 million.
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