Tim Cook’s 2012 Compensation Plummets 99% to $4m

It looks like the various problems with Apple’s recent products (dodgy purple tinged pictures, Maps issues etc) have caused Apple’s shares to drop by 27% and are now taking there toll on CEO Tim Cook’s fortunes. Specifically, in 2012 his compensation was $4.17m after a salary raise of a massive 51% after just one full year doing the job, with no stock awards. This compensation consists of a $1.36m basic salary and $2.8m in incentive plan compensation, as reported by Apple in a regulatory filing. This is in stark contrast to Cook’s 2011 compensation which consisted of a staggering $378m – one of the biggest pay packages ever – which was boosted by $376.2m in stock awards which he will receive over a decade. The lack of these stock awards, mean that his overall pay this year is down a huge 99%. Regardless of this slump, this is money that most of us can only ever dream of, still making him incredibly successful.