Reports of Tim Cook’s Pay Cut Greatly Exaggerated

Apple CEO Tim Cook’s salary fell by $373.8 million in 2012. Then again, it really didn’t. According to a filing with the Securities and Exchange Commission, Cook earned $4.2 million in executive compensation in 2012 — $1.3 million in salary and $2.9 in non-cash compensation. Last year, Cook’s compensation was reported as $378 million. Most of it — $376 million — was in the form of restricted share units. Less than $1 million — $900,000 — was salary.

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Reports of Tim Cook’s Pay Cut Greatly Exaggerated

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