Apple CEO's compensation rises slightly to $4.3MDecember 28th, 2013 in Technology / Business
Apple CEO Timothy Cook received a compensation package valued at nearly $4.3 million this year, up slightly from 2012.
Cook's pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook's compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.
The year's pay was relatively modest compared with 2011, when he took the company's helm. That year, Apple's board set him up with stock now worth $510 million.
Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 percent decline in market value, or about $160 billion. Still, it remains the world's most valued company as measured by market capitalization.
© 2013 The Associated Press. All rights reserved.
"Apple CEO's compensation rises slightly to $4.3M." December 28th, 2013. http://phys.org/news/2013-12-apple-ceo-compensation-slightly-43m.html