“Apple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker’s stock,” Edwin Chan reports for Reuters.
“Cook took home $4.25 million, including a base salary of $1.4 million and a performance bonus of $2.8 million, roughly on par with 2012, the company said in a preliminary proxy statement on Friday,” Chan reports. “But he gave up about 7,100 shares tied to an annual performance-dependent award, based on shareholder returns from August 24 of 2012 to August 25, 2013. Apple’s stock lost a quarter of its value over that one-year period.”
Full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “chris renaldi” for the heads up.]