Apple CEO Tim Cook Was Paid $4.17 Million In 2012
Apple CEO Tim Cook was paid $4.17 million in 2012 according to an SEC filing. This amount includes $1.36 million in salary and a $2.8 million cash bonus. Apple became the most valuable company in the world this past year. When Tim Cook became the CEO of the company in August 2011, he was awarded 1 million in restricted stock units (RSUs), which will vest over the next 10 years. The board of directors at Apple also increased Cook’s salary from $900,000 to $1.4 million. “Despite this increase, the target annual cash compensation for Mr. Cook remains significantly below the median annual cash compensation level for CEOs at peer companies,” states to the filing. Cook was paid $378 million in overall compensation last year and $59 million in the previous year. The $378 million is based on the 1 million RSU award that was given to Cook when he became CEO.