Apple's CEO, Tim Cook, earned significantly more in the past fiscal year.

As the electronics company now announced, Cook's salary package this time was worth $ 98.7 million.

The year before it was $ 14.8 million.

The increase is largely explained by an extensive share package that was granted to the manager in September 2020, i.e. at the beginning of the most recent financial year.

These are subscription rights for shares that he can redeem from 2023.

The value of this package alone was put at $ 82.3 million.

It was the first major block of shares Cook received since taking office as CEO in 2011.

The company now said it had had a "remarkable decade" under Cook.

Roland Lindner

Business correspondent in New York.

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As in previous years, the base salary of the Apple boss was $ 3.0 million.

He also received a cash bonus of $ 12.0 million - the previous year it was $ 10.7 million.

There were also other salary components valued at $ 1.4 million.

Of this, approximately $ 712,000 is accounted for by Cook's use of business aircraft for personal purposes.

In 2017, the group decided that its CEO may only use private planes for both professional and private purposes.

At the time, it was said that this was "in the interests of security and efficiency" given the "highly visible nature" of Cook's role as Apple CEO.

Apple can look back on a brilliant 2020/2021 fiscal year.

Group sales rose 33 percent to $ 365.8 billion, and net income rose 65 percent to $ 94.7 billion.

This good development is also rewarded on the stock exchange.

In the past twelve months, the share price has increased by more than 30 percent.

Earlier this week, Apple became the first publicly traded company to break the $ 3 trillion mark with its market cap.

The market value is now a little below this amount again.