Tim Cook Earned Almost $4.3 Million In 2013


"Low-fi on-hold music at Apple? Not on my iWatch!"

Tim Cook was paid $4.25 million in 2013, according to a regulatory filing reported by Apple on Friday.

This figure broke down as $1.4 million in salary, and a further bonus bonus of $2.8 million. Cook’s other compensation included $52,721 in company contributions to his 401(k) account, life insurance premiums, and vacation cash-out.

Cook gave up around 7,100 shares tied to an annual performance-dependent reward, based on Apple shareholder returns between August 24, 2012 and August 25, 2013. Apple’s stock lost a quarter of its value during that one year period — although the company did finish the year strongly.

Cook’s compensation is pretty much in line with the $4.2 million he earned in 2012 — although down massively from what he made in 2011, when he took over running Apple.

That year, Apple’s board gave Cook a sign-on grant of 1 million Apple shares — with his total compensation coming to $378 million.

Source: NBC News


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