Tuesday, December 31, 2013

Apple’s CEO, Tim Cook, took $4.3 million in the fiscal year 2013

Tim Cook (Credit: Flickr)
Tim Cook, Apple’s CEO, took nearly $4.3 million as a compensation package for the fiscal year 2013 which ended in September. This compensation package is marginally higher than his compensation for the previous year that was about $4.2 million.
According to the regulatory filing, Cook's compensation package in the fiscal year 2013 included nearly $1.4 million in base salary along with a cash bonus of $2.8 million. Moreover, the compensation package also included $52,721 in company contributions to Cook's 401(k) account; and other incentives such as life insurance premiums, and a vacation cash-out.
From The Mac Observer;
Looking to 2014, Tim Cook has another 205,000 shares of $AAPL that will vest in August and September, both in Apple's fiscal 2014. Those shares would be values at $113.7 million at Monday's closing price of $554.52, but again should be looked at in the context of the years over which they vested.
Overall, Apple Inc. stock performed poorly during the fiscal year 2013 and went down by about 26%. Despite this decline, Apple Inc. was still the world’s highly valued company based on market capitalization.

Sources:

Preliminary proxy statement of Apple Inc. - SEC (http://goo.gl/9A7jvz)

Apple’s Stock Performance Cost Tim Cook $4 Million, at His Insistence - The Mac Observer (http://goo.gl/4S7BdP)
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