New York - Apple Inc Chief Executive Tim Cook will receive total compensation of $4.17m in 2012, down from a $378m 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.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.