Fin24

Apple slashes pay of CEO

2012-12-27 17:27

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.

Comments
  • pieter.visser.9883 - 2012-12-27 21:13

    Maybe one day samsung will buy up apple. Low prices has always beaten quality to the finish line. Though this is sad...its true.

      nketso.kgwadi - 2012-12-27 21:54

      But what samsung is doing its wrong lower prices yes but who will come with such ingenuity anymore cos these people r just copy cats

      eduard.homes - 2012-12-28 03:15

      before pointing fingers...also research the Samsung family(you might sing another tune). At the end of the day, we have the option to buy or leave the products for various reasons.... Apple does look nice and Samsung is cheaper...but the same result can be achieve with either of the products or any other product on the market. The point of this article was to highlight the pay cut...

  • dimitripappas - 2012-12-28 10:50

    Apple said that the CEO will not receive any stock awards for 2012? Well I'll be damned...Compare that to SA - don't you dare slash Eskom CEO's bonus or you won't hear the end of it

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