Apple’s Angela Ahrendts paid nine times more than boss Tim Cook
Angela Ahrendts, Apple’s head of retail and online, was paid nearly $83m last year, around $10m more than previously thought.
The total, reported by Bloomberg, means the former chief executive of UK fashion retailer Burberry takes home significantly more than her boss, Apple chief executive Tim Cook. He was awarded $9.2m last year.
Ms Ahrendts’ $82.6m pay package included a signing-on bonus and a make-whole grant for awards left behind at Burberry.
A filing with the Securities and Exchange Commission in January stated that she was handed $73.3m.
Apple justified that by saying the 54-year-old had proved an “extraordinary addition to the company’s executive team with the experience and ability to lead both the retail and online businesses”.
Ms Ahrendts is responsible for the operation and expansion of the Apple’s retail and online stores, and is believed to want to focus on the company’s growth within China.