The chief executive of Apple, Tim Cook, saw his salary rise almost 43% in February last year to $2 million according to the company.

The increase is the first since November 2011.

The salaries for other executives at the company increased by over 14% and the bonuses for the executive team rose to a maximum of 400% of the member's salary.

In November, Apple was worth more than $700 billion after shares hit a record high last year.