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
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)

(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. (Read more Tim Cook stories.)

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