Ap­ple CEO’S pay down af­ter big 2011

Austin American-Statesman - - BUSINESS - Com­piled from staff and wire re­ports

NEW YORK — Ap­ple CEO Tim Cook got $4.2 mil­lion in pay for the lat­est fis­cal year, a mod­est sum com­pared with last year, when the com­pany’s board set him up with stock now worth $510 mil­lion for tak­ing the reins in 2011.

Cook’s pay for fis­cal 2012, which ended in Septem­ber, con­sisted of $1.4 mil­lion in salary, a bonus of $2.8 mil­lion, and $17,000 in com­pany con­tri­bu­tions to his 401(k) ac­count and life in­surance pre­mi­ums, ac­cord­ing to a fil­ing.

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