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Apple CEO Tim Cook takes a major hit in compensation for 2012

Apple's Tim Cook receives $4.14 million in compensation for 2012, a $374 million reduction from 2011

Charles Gantt | Dec 27, 2012 at 9:24 am CST (0 mins, 36 secs time to read)

Apple has released its executive compensation metrics today ahead of its annual shareholder meeting. The biggest surprise is Apple's CEO Tim Cook only received a mere $4.17 million for his services in 2012.

Apple CEO Tim Cook takes a major hit in compensation for 2012  | TweakTown.com

To most $4.17 million seems like a lot, but when you compare it to his compensation the previous two years, $378 million in 2011, and $58 million in 2010, it looks rather small.

The major difference in compensation is stock options, which cook received in 2010 and 2011. $52 million in 2010 and $376 million in 2011 with no stock options being received in 2012. Most of those stock options are set to vest in 2014, 2016, and 2021 netting Cook a cool $750 million at today's market value. I think it is safe to say that he is not disappointed in his financial statement for 2012.

Last updated: Apr 7, 2020 at 11:31 am CDT

NEWS SOURCE:techcrunch.com
Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

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