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Apple CEO to Earn 1% of Last Year's Pay

Thursday, 27 Dec 2012 | 10:43 AM ET

Apple 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.

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