Monday, 7 January 2013
Apple's Tim Cook sees his 2012 pay fall 99 percent
Apple CEO Tim Cook received only $4.2 million in compensation this year.
A proxy statement Apple filed today with the Securities and Exchange Commission revealed Cook's base salary as $1.3 million with non-cash compensation making up the rest.
In contrast, Cook was given $378 million in overall compensation last year and $59 million the previous year. But the lower total compensation is all part of a plan.
As described by The Next Web, Apple's board gave Cook 1 million in restricted shares in August 2011 when it appointed him CEO
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