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review by . December 29, 2012
Apple CEO Tim Cook's Income Drops 99 Percent
Most people would be happy earning $4.2 million in a year. For Apple’s CEO Tim Cook, however, his 2012 salary is 99 percent lower than in 2011.Timothy Cook received a base salary of $1.4 million and a cash bonus of $2.8 million in 2012. Cook took over the world’s largest company by market cap after Steve Jobs stepped down in the summer of 2011. Because of the transition, he received Apple shares worth $376 million in 2011. Given the extraordinarily large share compensation in 2011—he …
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