Apple CEO takes huge pay cut

2012-12-28 09:14

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

New York – Apple chief executive Tim Cook’s total compensation for 2012 will plummet to $4.2 million (R36 million) from $378 million last year, according to a company document.

In a regulatory filing, the US technology titan said the sum included a $1.4 million salary and a $2.8 million bonus.

The total is far below what other Apple executives will pocket.

Chief financial officer Peter Oppenheimer will receive $68.6 million; Bob Mansfield, senior vice-president of technologies, will get $85.5 million; and Bruce Sewell, senior vice-president and general counsel, will get $69 million.

Cook’s compensation last year included a $376 million bonus in the form of stocks linked to his nomination to the company’s top post before the death of Steve Jobs in October 2011.


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Inside News24


The most important thing today is to do the necessary ground work as tedious and monotonous as it may seem to help you build more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.