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Apple CEO Pay Cheque Falls 99%

PUBLISHED BY: SURENDER KUMAR
DECEMBER 28, 2012

   
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 Apple CEO 's Pay Cheque Falls 99%

 

Tim Cook, the Apple CEO, had a 99% fall in his pay package in 2012. Cook, the successor to Steve Jobs, has received a total compensation of $4.17 million in 2012, down from $378 million in 2011, Apple has said in a filing. His 2012 compensation package also seemed a pittance compared with his 2010 pay, which was 14 times higher, when he served as chief operating officer.

 

 

 


Cook will not receive any stocks for 2012 after he was given about $ 376.2 million in stocks the year before.  The 2012 package includes a salary of $1.4 million and a bonus of $2.8 million, according to the filing. Cook's base salary actually increased compared with the $900,000 he earned in 2011.





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