Printed from http://www.electronista.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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tablo DVR

With over-the-top content options growing past Hulu and Netflix, consumers may be finding it harder to justify paying a monthly fee fo ...

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Sponsor

toggle

Most Commented

 
toggle

Popular News