“Consumer electronics giant Apple today filed documents with the SEC in preparation for its annual shareholder meeting, which will be held at the company’s HQ on Wednesday, February 27, 2013,” Robin Wauters reports for TNW.
“According to the filing, Apple CEO Tim Cook’s compensation totaled a mere $4,174,992,” Wauters reports. “It’s also worth noting that Cook’s base salary was actually increased from $900,000 last year to $1,400,000 in 2012. But, as Apple itself puts it: ‘Mr. Cook’s target cash compensation remains significantly below the median for CEOs of peer companies.'”
Wauters reports, “The base salaries for other senior Apple executives – CFO Peter Oppenheimer, SVP of Technologies Bob Mansfield, SVP and General Counsel Bruce Sewell and SVP of Operations Jeffrey Williams were increased to $800,000. Furthermore, this will increase to a base salary of $875,000 in 2013.”
Read more in the full article here.
MacDailyNews Take: Worth every penny and then some!
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