Apple CEO Tim Cook’s Compensation Rises to $4.25 Million

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Bloomberg reports Apple CEO Tim Cook made $4.25 million in 2013 for leading his company. Cook’s compensation sees a 1.9 percent increase over 2012, even though the company’s stock gains lagged the Standard and Poor’s 500 Index.

Cook’s pay includes a base salary of $1.4 million, more than $53,000 in benefits, and a $2.8 million bonus, which is the maximum bonus that Apple is allowed to give him.

Apple noted the figure in its preliminary proxy statement, along with the compensation of its other top executives, who received about $2.6 million each.

In the filing, Apple also recommends that shareholders vote against Carl Icahn’s buy back offer, which says Apple should commit to spending at least $50 billion on share repurchases in the fiscal year ending on September 27, 2014. Icahn, who owns approximately 0.5 percent of Apple, has been urging the company to increase the size of its repurchase plan since August.

A software engineer with a passion for creation and innovation using technology. To learn more about me, check out my personal website, which contains links to my projects. Email: nick@iphoneincanada.ca

  • Bernard Brunu

    Apple sucks

  • jghjhg

    He actually makes about 60mil/year, and has like a 500m net worth. At this point, it’s not about the money he has so much of it.

  • Fino

    Why just make a product that’s affordable
    Is it that hard ???

  • hgf

    Yes.

    Apple doesn’t make cheap, quick products, like some other brands do. They want their devices to be as perfect as possible (within reason of course) to the last detail. Doing that for cheap is a huge conflicting objective.

  • Shameer Mulji

    thansk for enlightening us. /s

  • Tim

    @ HGF, While there is some truth in this, you sound like a fanboy spouting talking points. The ability to objectively assess is of great virtue.