You have to hand it to them. They know how to squeeze every nickel out of their workers to give to the 1%.

Mr Cook’s salary rose to $2m (£1.3m) from $1.4m, and his total remuneration more than doubled to $9.2m in 2014.

The base salaries for other executives were also increased by over 14% to $1m, the company said in its annual report.

Apple’s New York-listed shares had hit a record high last year, while almost 40m iPhones were sold. 

The increase to Mr Cook’s salary was the first since November 2011. He became chief executive in August that year following the death of Steve Jobs.

In the report, Apple said the increases were given after reviewing data provided by its independent compensation consultant about the arrangements of its competitors.

Truly amazing. They set the standards so they can pay themselves 1,000 times more than everyone else.