Apple CEO’s pay takes big hit vs. record 2011 package

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    Anonymous

    Technology News

    Apple CEO Tim Cook speaks to the audience during an Apple event in San JoseNEW YORK (Reuters) – Apple Inc CEO Tim Cook's 2012 compensation package of $4.17 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 co-founder Steve Jobs in August last year, shortly before the Silicon Valley legend's 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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