toggle

AAPL Stock: 109.27 ( -1.1 )

Printed from http://www.macnn.com

Cook pulls in $4.17 million in 2012 salary

updated 11:14 am EST, Thu December 27, 2012

Lack of stock options cuts income 99 percent verus 2011

Apple CEO Tim Cook will take in $4.17 million in pay by the end of 2012, according to filings seen by Bloomberg. That breaks down into a $1.36 million salary, and another $2.8 million in incentives. Notably, Cook's compensation is well below the $378 million he was technically awarded in 2011; $376.2 million of that, though, was from a one-time stock grant, for which he won't see the full benefit unless he stays as CEO for a decade.

Although Cook's 2011 compensation made him the best-paid CEO in the US at the time, his pay has otherwise been more conventional than that of his predecessor, Steve Jobs. Jobs took home a salary of just $1, but made up for that through stock ownership.

Also observed in the new filings is that CFO Peter Oppenheimer's compensation for 2012 is $68.6 million. $66.2 million of that, however, is coming in the form of stocks. In contrast, last year his pay was $1.42 million.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented