Tim Cook's Salary Jumps 51%

... But pay remains well shy of massive 2011 figure

By Kevin Spak,  Newser Staff

Posted Dec 27, 2012 9:39 AM CST

(Newser) – On paper, Tim Cook's total pay fell by around $374 million this year—even though his salary jumped 51%. According to a new regulatory filing, Cook's total compensation for 2012 is valued at $4.17 million, Bloomberg reports. That may not sound like much next to the $378 million he made last year—which was one of the biggest paydays in corporate history—but that's because last year's total included $376.2 million in stock awards that will be doled out gradually over a decade.

Cook's figure also looks odd next to COO Peter Oppenheimer's, who received $68.6 million, up from $1.42 million last year. But again, Oppenheimer's package included $66.2 million worth of stock awards. Cook is taking no stock awards this year.

In this Wednesday, Sept. 12, 2012, file photo, Apple CEO Tim Cook speaks following an introduction of the new iPhone 5 in San Francisco.
In this Wednesday, Sept. 12, 2012, file photo, Apple CEO Tim Cook speaks following an introduction of the new iPhone 5 in San Francisco.   (AP Photo/Eric Risberg)
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