according to the tech giant itself, it was 1,447 times the pay of typical employees, who collected an average of $68,000. but it s worth noting that returns for apple shareholders are up by more than 1,000% since mr cook took over in 2011. the apple s chief executive had a staggering 570% pay increase on the previous year. well, company s shareholders will have a say on mr cook s remuneration when they meet in march. lawrence mishel is an expert in income distribution at the think tank, the economic policy institute. he has been tracking ceo pay for years, and says tim cook s pay is very unseemly to see such high pay compensation in the midst of pandemic, when people are struggling to make ends meet. very unseemly, to see such very unseemly, to see such wealth very unseemly, to see such wealth bein- created, such hi-h being created, such high compensation being provided in the midst of a pandemic where people are struggling. the billionaires are doing well, a lot of wealth has been
solvable problems. it is microseconds through preventable, solvable problems. solvable problems. it is worth notin: solvable problems. it is worth noting how solvable problems. it is worth noting how mr solvable problems. it is worth noting how mr cook s - solvable problems. it is worth noting how mr cook s pay - solvable problems. it is worth - noting how mr cook s pay compares with that of his apple stuff. according to the tech giant, it was 1447 times the pay of technical employees who collected an average of $68,000. it is worth noting that returns for apple shareholders are up returns for apple shareholders are up by more than 1000% since mr cook took over in 2011. a lot of figures took over in 2011. a lot of figures to digester. let s do that with lawrence. he is in washington and an expert in income distribution and policy. this increases following the trend, isn t it? it is policy. this increases following the trend, isn t it? trend, isn t it? it is an outsized trend. see
million the previous year. a shareholder advisory firm, the institutional shareholder services, is urging investors to vote against it. much of tim cook s remuneration was in the form of stock awards, which will be paid out over time, depending on the performance of apple s shares. so let s look at how his pay package compares with some other top global ceos. netflix co ceos reed hastings and ted sarandos both did well in 2020 as the pandemic boosted subscribers, getting $43 million and $39 million respectively. on wall street, jpmorgan chase raised its boss, jamie dimon s, total compensation by 10% in 2021 to $34.5 million. sundar pichai s total pay at google parent company
created at the top and the stock market has gone up tremendously and that s helping to raise chief executive compensation. the stock market going up doesn t mean that they are working harder or being more effective. it goes up because demand has been fuelled by the stimulus or because companies as a whole have been able to squeeze workers. that s not a basis for a 500% increase in compensation. apple ceo tim cook maybe flush with cash at the moment with his $99 million pay package, but ever wondered what these top global ceos do with all their huge pay money? well, some top executives such as telsa s elon musk and virgin s richard branson are in love with outer space spending their fortunes building spacecraft to fly away from earth. while others such as billionaire co founder of paypal peter thiel, and amazon sjeff bezos have been
states to respond to them. they have not seen it. they want to try to get some traction. i have to say if you are interested, if your viewers are interested in watching the full investigation, it is on bbc news from friday onwards. it is on the bbc news channel on saturday and sunday at 21:30pm. that is how italy, where the highest number of priests and a seat at the vatican has failed to confront the issue. you have written an extensive article about it. tech giant apple is facing a backlash over a $99 million pay package awarded to its ceo tim cook last year. that s up from $14.8