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-   -   Cook pulls in $4.17 million in 2012 salary (http://forums.macnn.com/112/mac-news/496569/cook-pulls-4-17-million-2012-a/)

 
NewsPoster Dec 27, 2012 06:15 AM
Cook pulls in $4.17 million in 2012 salary
Apple CEO Tim Cook will take in $4.17 million in pay by the end of 2012, according to filings seen by <em>Bloomberg</em>. That <a href="http://www.bloomberg.com/news/2012-12-27/apple-ceo-s-pay-drops-99-on-lack-of-stock-awards.html">breaks down</a> 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.<br><br>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.
 
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