Apple's High-Paying Workforce: CEO to Employee Ratio

0:00From the Daily News Now Network, this is Durham News Today. Apple keeps growing its workforce by hiring thousands of people each year across research, development, and retail. The company pays employees generously, with top executives earning the most through cash bonuses and huge stock awards that often dwarf their base, salaries. Tim Cook, Apple CEO since 2011, has a steady $3 million base salary. For the latest year, his total compensation reached $74 million, including a $6 million cash incentive, and a $50 million equity award tied to strong financial performance. Other senior vice presidents also cash in big. Apple's chief financial officer made $22 million total, while leaders in operations, legal, and retail hit around $27 million. Dollars each. That's a far cry from the median pay of $139,000 for Apple's more than $166,000 global. Employees.

1:00That median is well above the U.S. average annual salary of about $63,000. The CEO to median pay ratio stands at 533-1, higher than some tech peers like Nvidia's 166-1. Engineers form a big part of the team, with base pay ranging from $141,000 to $258,000, based on experience in spots like Cupertino or Austin. Apple promotes from within two, helping staff climb to those high-paying roles over time. A quick thank you to our sponsor of today's episode. No earbuds, no headbands, no awkward sleeping positions, just a pillow that plays your sound, S-O-L-I, solely pillow.com.