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Here's What Apple CEO Tim Cook Was Paid in 2012

By - Source: CNET | B 25 comments

How much did Tim Cook make last year?

When the late Apple CEO Steve Jobs stepped down, all eyes were on his replacement Tim Cook, who promised staff things wouldn't change just because Steve was gone. However, one thing that definitely changed was the CEO's salary. While Steve Jobs earned just $1 per year (don't worry, Mr Jobs had approximately 5.5 million Apple shares, he wasn't starving), Tim Cook's salary was significantly more. However, it seems Tim Cook's compensation package took a hit in 2012.

According to an SEC filing from Apple, Tim Cook received $4.17 million in compensation for 2012. This is down almost 99 percent from last year's compensation package, though his actual salary was over 50 percent more than he received in 2011. How does that work? Well, Cook's compensation package is comprised of several components, his salary being just one of them. Cook's compensation of $378 million for 2011 was mostly made up of a one-off stock grant. His actual salary was "just" $900,000. Apple said in an SEC filing that the board decided late last year to give Cook a base salary raise.

"In November 2011, the Compensation Committee determined that it was appropriate to increase Mr. Cook’s base salary to $1,400,000 from $900,000," the filing reads. "Mr. Cook's cash compensation is set at a higher level than the cash compensation for the other members of the executive team to reflect his responsibilities for the overall leadership of the Company."

Apple goes on to say that Cook is part of the same performance-based bonus program as the other Apple execs, which means he has the opportunity to earn a maximum bonus of 200 percent of his base salary.

With his base salary of just under $1.4 million and 2.8 million from Apple's non-equity incentive plan (plus about seventeen grand in 'other compensation') Tim Cook's total salary for 2012 was $4,174,992. In comparison, other Apple execs received quite a bit more thanks to sizable stock awards. CFO Peter Oppenheimer earned $68,591,562 ($66,169,750 in the form of a stock award), while Senior VP of Operations, Jeffrey Williams, earned $68,691,612 thanks to a stock award of similar value.

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Top Comments
  • 21 Hide
    tburns1 , January 3, 2013 2:34 PM
    Also, anyone buying the BS that Jobs was taking a $1 salary because he believed in the company so much, he didn't want to seem like a greedy CEO, is way beyond naive. The $1 salary was to evade taxes. Taxes on investments is at a substantially lower rate.
  • 12 Hide
    aragis , January 3, 2013 2:04 PM
    Who the hell cares? I though this was a Tech news site...
Other Comments
  • 12 Hide
    aragis , January 3, 2013 2:04 PM
    Who the hell cares? I though this was a Tech news site...
  • Display all 25 comments.
  • 9 Hide
    Parsian , January 3, 2013 2:06 PM
    am i reading these numbers correctly??? man it is so much easier to be a douche bag and i think I can climb up the ladder pretty good. I should apply there.
  • 21 Hide
    tburns1 , January 3, 2013 2:34 PM
    Also, anyone buying the BS that Jobs was taking a $1 salary because he believed in the company so much, he didn't want to seem like a greedy CEO, is way beyond naive. The $1 salary was to evade taxes. Taxes on investments is at a substantially lower rate.
  • 6 Hide
    bigdragon , January 3, 2013 2:50 PM
    I could do Tim's job just as well for cheaper.
  • 1 Hide
    acadia11 , January 3, 2013 2:52 PM
    Of course, paying him in stock is better. "Cap Gains" my friend is only 15%. It's smart for executives to get paid in stock vs salary. Cause salary would be taxed for the portion of income over well now $400,000 would be taxed at 39.6%. So, it's the difference between taking home $320 million or $220 million a difference of $100 million dollars. Only the dumb axx masses want to be paid in salary. We should all ask for stocks. this is why I fundamentally can't understand GOP supporters, some bumble ...k redneck thanks he has something in common with someone like Tim Cook, you aren't in their league, you think if they had a choice between keeping cap gains at 15% vs keeping the "payroll tax cut" which effected 166 million working families gave them an extra 2% in salary, they would keep your tax break ... heck no, I wouldn't fight to keep yours if I was Tim Cook. Honestly, I understand how top 2% vote GOP, but 98% you neophytes confound me always betting against your own interest, maybe that's why you don't make the money Tim Cook does.

    or as Jay-Z said, we said in "On my way home"

    "we not in the same bracket,
    Not in the same league,
    don't shoot at the same baskets,
    Don't pay the same taxes,
    hang with the same bytches
    So how am i in the way, what is it i'm missing?"
  • 1 Hide
    Anonymous , January 3, 2013 3:31 PM
    This is rich board members who are CEOs of other companies robbing those companies blind by giving each other criminal levels of compensation.

    Nothing more.
  • 0 Hide
    Estix , January 3, 2013 4:22 PM
    Moar liek Tim's Hardware amirite?
  • 4 Hide
    g-unit1111 , January 3, 2013 4:52 PM
    While the average Apple Store employee makes $12 / hr with no benefits. :ange: 
  • 5 Hide
    crewton , January 3, 2013 5:12 PM
    Yes, but the average apple store employee makes 100x more than the average foxconn worker!
  • 1 Hide
    DearSX , January 3, 2013 5:53 PM
    These cowards take home money that should go to Foxconn workers among others, imo. We need to stand up for our rights imo, or we'll suffer the consequences.
  • 0 Hide
    tomaz99 , January 3, 2013 6:50 PM
    acadia11Of course, paying him in stock is better. "Cap Gains" my friend is only 15%. It's smart for executives to get paid in stock vs salary. Cause salary would be taxed for the portion of income over well now $400,000 would be taxed at 39.6%. So, it's the difference between taking home $320 million or $220 million a difference of $100 million dollars. Only the dumb axx masses want to be paid in salary. We should all ask for stocks. this is why I fundamentally can't understand GOP supporters, some bumble ...k redneck thanks he has something in common with someone like Tim Cook, you aren't in their league, you think if they had a choice between keeping cap gains at 15% vs keeping the "payroll tax cut" which effected 166 million working families gave them an extra 2% in salary, they would keep your tax break ... heck no, I wouldn't fight to keep yours if I was Tim Cook. Honestly, I understand how top 2% vote GOP, but 98% you neophytes confound me always betting against your own interest, maybe that's why you don't make the money Tim Cook does.or as Jay-Z said, we said in "On my way home""we not in the same bracket, Not in the same league, don't shoot at the same baskets, Don't pay the same taxes, hang with the same bytchesSo how am i in the way, what is it i'm missing?"


    top 2% do not vote for Republican...they vote Dems...

    I think you're referring to the studies that show "rich" people vote Republican. Again...it depends on who defines "rich". People in the 75-250 (ish) "lean" towards Republican...the uber rich go for Dems.

    But the uber...super rich (like a CFO making 68M) do not worry who is in office or what rate they pay...the actual dollars always seem to remain the same while we have to bend over and take it.
  • 1 Hide
    tomaz99 , January 3, 2013 7:30 PM
    DearSXThese cowards take home money that should go to Foxconn workers among others, imo. We need to stand up for our rights imo, or we'll suffer the consequences.


    How are foxconn workers "our" rights?

    You could make the statement about any company...McDonalds, Nike, Any bank, any insurance company, any oil company...restaurant.

    When I was (much) younger (10 yrs old), I had a paper route. I didn't think the owner of the company should divvy his money to distribute. I wanted more money (and still do), but I was happy to make money, even if it was little; much like the people at this company.
  • 1 Hide
    jerm1027 , January 3, 2013 7:49 PM
    crewtonYes, but the average apple store employee makes 100x more than the average foxconn worker!

    Apple must be very generous! I want to work there! /sarcasm
  • -1 Hide
    sundragon , January 3, 2013 9:05 PM
    aragisWho the hell cares? I though this was a Tech news site...


    What are you five? He works for a tech company... People on here hate apple so much it blocks basic logic...
  • -1 Hide
    sundragon , January 3, 2013 9:07 PM
    tburns1Also, anyone buying the BS that Jobs was taking a $1 salary because he believed in the company so much, he didn't want to seem like a greedy CEO, is way beyond naive. The $1 salary was to evade taxes. Taxes on investments is at a substantially lower rate.


    Cupcake, he was already so rich it didn't matter, really - the stock compensation made his performance as a CEO the only thing that mattered - Bad performance, stocks aren't worth much.

    Soviet Russia where no one should make money!
  • 0 Hide
    sundragon , January 3, 2013 9:08 PM
    crewtonYes, but the average apple store employee makes 100x more than the average foxconn worker!


    Yup, the same Foxconn worker that builds Dell, Sony, Acer, Asus products... Ya wanna hate, be fair about spreading it around ;) 
  • -1 Hide
    sundragon , January 3, 2013 9:10 PM
    jerm1027Apple must be very generous! I want to work there! /sarcasm


    Actually, getting a job in Apple (same for Google/M$) corporate is very difficult - They people who work at these companies are quite passionate and get rewarded for their hard work...

    God forbid you get rewarded for hard work and being smart... Sigh...
  • 3 Hide
    sacre , January 3, 2013 10:22 PM
    so basically 400,000 a month. wow. I'm working my butt off right now in College just so i can earn 100-130K a year.. so around 9.5K a month... Thats good money but god damn 400,000 a month?

    Could you imagine just saying "I feel like a ferrari tomorrow... hey hun you want to go buy a ferrari tomorrow? Yea, i'm gonna buy a ferrari"
  • 0 Hide
    aragis , January 3, 2013 10:37 PM
    sundragonWhat are you five? He works for a tech company... People on here hate apple so much it blocks basic logic...


    Tech sites are supposed to have news about TECH, not how much CEO's make...

    I don't like Apple, but I would say the exact same thing if this was about any other company's CEO.

    I come here to see news about upcoming hardware, new devices, developments in technology etc. not some CEO's salary for f..k's sake... If you care about this, YOU'RE the one who is mentally 5 yrs old...
  • 1 Hide
    Camikazi , January 3, 2013 10:39 PM
    sacreso basically 400,000 a month. wow. I'm working my butt off right now in College just so i can earn 100-130K a year.. so around 9.5K a month... Thats good money but god damn 400,000 a month? Could you imagine just saying "I feel like a ferrari tomorrow... hey hun you want to go buy a ferrari tomorrow? Yea, i'm gonna buy a ferrari"

    I say that all the time... I am just never able to actually do it :( 
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