The year 2012 was extremely good for the Apple company, with revenues and profits increasing significantly due to the launch of many interesting products that were successful among consumers. For Apple's achievements, Tim Cook was rewarded with his annual salary of 1.39 million dollars, but the income was supplemented by another 2.8 million dollars, which represent incentives offered by Apple to all those in the company's management team.
Apple Inc. (AAPL) Chief Executive Officer Tim Cook will receive compensation for 2012 valued at $4.17 million, down 99 percent from a year earlier because of a lack of stock awards he received for 2011. The total includes $1.36 million salary and $2.8 million in incentive plan compensation , Cupertino, California-based Apple said today in a regulatory filing. His 2011 compensation of $378 million, one of the biggest pay packages on record, was boosted by $376.2 million in stock awards that he'll get over a decade.
In total, Tim Cook collected 4.17 million dollars this year, the amount being 99% less than last year, according to Bloomberg. The difference seems big, but last year Tim Cook did not collect $378 million from Apple, as some publications claim, because $376.2 million of that amount represents the price of shares offered to Tim Cook, shares that can only be sold in 2020 and only if he remains CEO until then.
Practically, this year Tim Cook collected more money than last year from Apple and probably next year the receipts will be higher.
