John Paczkowski

Recent Posts by John Paczkowski

Apple CEO Tim Cook Made $4.25 Million This Year

TimCookJazzHandsAnother nugget of data from Apple’s latest shareholder proxy: CEO Tim Cook took home a compensation package valued at $4.25 million this year, little changed from the year prior.

In its annual proxy filing on Friday, Apple said Cook’s pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million. In 2012, Cook’s compensation package was $4.2 million.

So Cook’s pay remained steady over those two years, with one noteworthy exception: He gave up about 7,123 Apple shares tied to the company’s annual performance.

Cook_Vesting

Because of the decline in Apple’s stock this fiscal year the company’s board decided that only 72,877 shares out of a tranche of 80,000 should vest. Cook — who in June explicitly requested vesting terms tied to the company’s performance — forfeited the remainder.

Based on Apple’s closing stock price of $560.09 on Friday, those shares would have been worth nearly $4 million.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik