Apple paid CEO Tim Cook $10.3 million in 2015

Apple Inc Chief Executive Tim Cook's compensation rose 11.5 per cent to $10.3 million in 2015, the company said on Wednesday, a year when its sales grew 28 per cent and profits by 35 per cent but its shares fell for the first time since 2008.

Chief Financial Officer Luca Maestri's annual compensation rose about 81 per cent to $25.3 million in 2015. In fact, Cook was the lowest-paid of the company's top executives. Angela Ahrendts, the senior vice president for retail and online stores, was the highest paid, with a total pay package of $25.8 million.

Cook's base pay increased about 14.4 per cent to $2 million last year, while non-equity incentive compensation rose about 19 per cent to $8 million, according to a regulatory filing. Apple had a good year for the most part under Cook. Sales in China in the most recent quarter nearly doubled from the same quarter in the prior year, for instance, and the iPhone continued to see record sales.