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Business News

Apple CEO 2012 pay to drop to $4.17 mln from $378 mln in 2011

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Published: Thursday, 27 Dec 2012 | 10:02 AM ET

NEW YORK, Dec 27 (Reuters) - Apple Inc Chief Executive Tim Cook will receive total compensation of $4.17 million in 2012, down from a $378 million pay package in 2011 that included stock awards.

Apple, maker of the popular iPhone and iPad devices, said in a regulatory filing that the executive, who became CEO in August 2011, will not receive any stock awards for 2012.

(Reporting By Sinead Carew; Editing by Kenneth Barry)

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NEW YORK, Dec 27- Apple Inc Chief Executive Tim Cook will receive total compensation of $4.17 million in 2012, down from a $378 million pay package in 2011 that included stock awards.

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