Bloomberg is out today with its annual Pay Index report covering the year 2020, ranking the compensation of top US executives and CEOs. This year, Tesla CEO Elon Musk unsurprisingly comes in at the top, while Apple CEO Tim Cook has fallen to spot No. 8 on the list.

In last year’s rankings, Cook was the second-highest paid CEO with $133.7 million in earnings from a combination of stock awards, salary, and bonuses. In 2020, Bloomberg’s data shows that Cook’s compensation nearly doubled to $265 million, but his placement on the rankings fell to eight. READ MORE