COVID Stimulus Watch Individual Entry

Recipient Company:

Apple Inc

Loan or Loan Guarantee Amount:

$3,353,628

Recipient Details

Ownership Structure: publicly traded (ticker symbol Nasdaq: AAPL)

Award Date: Sep 8, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Apple Inc.

Headquartered in: California

Parent Sector: electrical and electronic equipment

Parent Industry: computers

Employees (prior to pandemic): 137,000

Employment-related Penalties: $105,750,000

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $527,958

Consumer Protection / Financial / Competition-related Penalties: $595,966,912

Ratio of CEO Pay to that of Median Worker: 201 to 1

CEO Compensation: $11,555,466

Worker Median Pay: $57,596

Total Federal, State, and Local Subsidies: $1,359,071,920

Federal Corporate Income Tax Rate: 16.9%