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.

story continues below

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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.