After last year's $378 million, Apple chief executive got $4.2m in 2012

After last year's $378 million, Apple chief executive got $4.2m in 2012
In 2012 for the first time Tim Cook spend a full year as Apple’s chief executive officer, but while you’d expect that his salary would be more, in reality Cook’s compensations shrank to just around 1% of his last year’s salary.

Apple’s CEO receive $4.2 million in compensation in 2012, much less than the $378 million he got in 2011. Of that $4.2 million, $1.36 is the actual salary and $2.8 million is compensation from incentive plans.

Last year multi-million compensation, of course, was so high mostly because of $376.2 million in stock that will reach maturity in 10 years.

Interestingly, this year Apple’s chief financial officer Peter Oppenheimer received a massive stock award of $66.2 million, and his total compensation exceeded that of Cook multiple times.

source: The Next Web



17. mike2959

Posts: 700; Member since: Oct 08, 2011

I will explain "getting paid in stock". The actual term is stock option. Here's how it works. The company will give employee's, which by the way includes CEO down even to a part timer, depending on the company. So they give a 1000 shares of stock to you at a 100.00. With expiration say in 5 year's. When the 5 year's come do, you have a choice depending on really what that stock price is now. Say it's 150.00. So you sell them back, well you gross the difference between what the company gave you them at 100.00 and current price 150.00 so you gross basically 50.00. I say gross because YOU PAY TAXES ON THAT 50.00.

15. bubbadoes

Posts: 1225; Member since: May 03, 2012

How can every release of an ipad or iphone carry the slogan. Best ever when you only get a slight improvement over the last...for example....the new mini says every inch an so when it has the lowest ppi of any competitor....slowest processor of any competition and biggest price tag of any competition. Apple execs love u all

14. bubbadoes

Posts: 1225; Member since: May 03, 2012

Thanks to all the ifans who buy every I model that comes out if even its a major update or not

12. jsdechavez

Posts: 818; Member since: Jul 20, 2012

Because... he's getting paid in Apple shares and he's getting them by the millions. These shares earn him much more over time. You know how Apple shares are these days...specially before product announcements.

13. jmoita2

Posts: 930; Member since: Dec 23, 2011

Getting paid in stock is just another corporate scam to pay little or no taxes.

10. mike2959

Posts: 700; Member since: Oct 08, 2011

Sometimes it's just shocking to me the uneducated comments that are on this website. Then again the average age is 16, so it's to be expected. Let's cover compensation first. Apple store General Manager's average pay is 100K a year. While the average sale's position pay is 30K-50K. Both are a combination of base and bonus positions. I know, I worked there for 11 year's. By the way I own a S3 and a One X. As far as CEO and executive compensation they SHOULD get paid a truckload of cash if the company does well. They SHOULD get better benefits then the sale's associate at Walmart. We are all supposed to have the same pay, same benefits the same and equal everything based on what logic or thinking? If anyone read the article by the way Tim Cook doesn't get paid very well if the company doesn't do well. He has almost no base pay at all. Here's an idea for everyone, how about your base or hourly pay is gone and you ONLY get paid on PERFORMANCE. Most of you would starve.

8. networkdood

Posts: 6330; Member since: Mar 31, 2010

he lost money due to the maps fiasco..for shame, father...for shame

2. InspectorGadget80 unregistered

As always greedy executives gets big pay out while people sales at apple stores get small paychecks includes foxconn workers gets low wages. Sad world we live in

3. Mxyzptlk unregistered

Apple doesn't operate Foxconn.

5. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

That is true. But compared to what Apple executives earn, the wages at the factories are in no way worthy of the work they do. For someone to work for such an "esteemed" company, he should be proud...sadly, Apple don't give that option of pride. And the orders from Apple will always indirectly affect people at Foxconn even if it is not owned by Apple.

7. MobileCaseReview

Posts: 242; Member since: Feb 10, 2012

Isn't that the case at every major corporation? Every traditional business that requires some kind of tangible manufactured product? Usually one guy at the top making all the big money. I think the spectrum just needs to be broadened a bit with your statement to include a multitude of businesses that fit in that category, not just Apple.

11. Nathan_ingx

Posts: 4769; Member since: Mar 07, 2012

You are right. But i'm just clarifying Mxy... He seems to be voluntarily oblivious about these facts.

20. lolioslol

Posts: 182; Member since: Dec 10, 2012

No sh*t Shertard. But they DO control where their novelties are made and by using foxconn they are supporting it. a- DUUUUHHHH

22. xtremesv

Posts: 299; Member since: Oct 21, 2011

That's the problem with outsourcing. Just because a company doesn't own the plants where everything they sell is made, doesn't mean they can eliminate accountability for their policies and actions.

23. InspectorGadget80 unregistered

i KNOW Apple doesn't operated Foxconn. I meant FOR ANY EXECUTIVE that revcieve that much money DON'T DERSEVE A BONUS CHECK

19. stychill unregistered expect the Executives to be paid the same wages as the laborer?

1. gmacattacks

Posts: 24; Member since: Sep 07, 2012


4. Mxyzptlk unregistered

Every penny worth paid.

16. AnTuTu

Posts: 1625; Member since: Oct 14, 2012

Mxyzptlk:- how much did they pay you for your everyday crap talk here at PA?

18. rusticguy

Posts: 2828; Member since: Aug 11, 2012

1 pence per hour ... Apple is a miser when it comes to paying outsiders :D

21. lolioslol

Posts: 182; Member since: Dec 10, 2012

They didn't, apple fans really are that sad and deluded.

* Some comments have been hidden, because they don't meet the discussions rules.

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