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.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Latest Video

View all videos »

Search »

The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald