Apple CEO’s pay takes big hit vs. record 2011 package
NEW YORK (Reuters) – Apple Inc CEO Tim Cook’s 2012 compensation package of just over $4 million is a huge cut on paper for the top executive of the most valuable U. S. corporation, after a 2011 package fattened by more than $376 million in long-term stock awards. Cook received the largest single pay package awarded to a company CEO in about a decade when he replaced Apple’s legendary co-founder, Steve Jobs, shortly before Jobs’ death in October 2011. The maker of the iPhone and iPad made the 2012 compensation disclosures in a regulatory filing on Thursday. . . .
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