Apple’s Ahrendts overtakes Yahoo's Mayer as best paid female exec with $82.6m pay
APPLE'S senior vice president of retail and online sales Angela Ahrendts was the best-paid female executive in the US last year.
Ahrendts, 54, is the former boss of British fashion retailer Burberry and was paid $82.6m in 2014, according to Bloomberg data.
She joined Apple in May 2014 and also became the first woman to make it onto the firm's management team.
Her base salary was $1m.
Her pay packet included a sign-on payment and a make-whole grant for bonuses left behind at Burberry.
Yahoo! Inc.’s Marissa Mayer was the best-paid female CEO in the US last year.
The 39-year-old was awarded $59.1m in 2014, making her No. 3 among the eight women on the Bloomberg Pay Index, a daily ranking of the top-paid US executives.
Oracle’s Safra Catz was second on the ranking after being awarded $71.2m in fiscal 2014 for her role as chief financial officer.
The Bloomberg pay ranking also calculates pay-for- performance using an executive’s compensation as a percentage of a company’s economic profit, defined as after-tax net operating profit minus its cost of capital.
By that measure, Apple’s Ahrendts delivered the best rating among all women on the ranking.