Apple CEO's Compensation Rises Slightly to $4.3M - ABC News




Apple CEO Timothy Cook received a compensation package valued at nearly $4.3 million this year, up slightly from 2012.


Cook's pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook's compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.


The year's pay was relatively modest compared with 2011, when he took the company's helm. That year, Apple's board set him up with stock now worth $510 million.


Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 percent decline in market value, or about $160 billion. Still, it remains the world's most valued company as measured by market capitalization.







via apple - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE7oRc6OMSLTD0lccUo0ecmdSrX4w&url=http://abcnews.go.com/Technology/wireStory/apple-ceos-compensation-rises-slightly-43m-21353158

0 comments:

Post a Comment