Lawyer salary

Apple’s best lawyer made $ 27 million in 2021

  • Apple general counsel Kate Adams’ total compensation reached $ 26.97 million in fiscal 2021

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(Reuters) – Total compensation for Apple Inc’s general counsel Kate Adams rose again in fiscal 2021, reaching nearly $ 27 million, according to a regulatory filing.

Adams’ $ 26.97 million salary increased nearly 3% from 26.25 million a year earlier, according to the tech giant’s annual proxy filing with the Securities and Exchange Commission of the United States on Tuesday.

Most of that came from stock awards valued at nearly $ 22 million. She also earned $ 5 million in cash last year, including a base salary of $ 1 million, according to the filing.

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Adams’ total pay rise was in line with that of other Apple executives, but was well below CEO Tim Cook, who earned $ 98.7 million last year. Cook’s salary is nearly seven times what he made in 2020 and 1,447 times that of the average company employee, Apple said.

The iPhone maker has enjoyed strong demand for its products and services over the past two years as home-based consumers shelled out for upgrades. Apple’s revenue rose more than 30% to $ 365.82 billion in its 2021 fiscal year, allowing its shares to briefly cross $ 3 trillion in market capitalization this year.

An Apple representative did not immediately respond to a request for comment on Adams’ compensation on Friday.

Adams, who replaced Bruce Sewell as Apple’s general counsel in late 2017, oversees all legal matters for the iPhone and the computer maker, including corporate governance, intellectual property, litigation, compliance, global security and privacy, according to his Thursday filing.

Prior to joining Apple, she spent 14 years internally at Honeywell International Inc, another tech company, and a decade at law firm Sidley Austin, where she was a partner and partner.

Read more:

Apple’s Tim Cook Won Over 1,400 Times the Average Worker in 2021

Apple paid general counsel Kate Adams over $ 26 million for 2020

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Xiumei Dong

Xiumei Dong covers legal industry news, with a focus on the strategy and growth of law firms, in-house legal counsel and the Washington, DC legal market. Contact her at [email protected]