Apple CEO Tim Cook Earns $4.17M in 2012

Apple CEO Tim Cook earned US$4.17 million in 2012 and didn't include any stock options. Even though he earned at 51 percent raise, his income was still substantially lower than his $376.2 million in 2011 thanks to the lack of stock options.

Apple CEO Tim Cook earned $4.17M in 2012Apple CEO Tim Cook earned $4.17M in 2012

Mr. Cook's salary included a base $1.36 million along with $2.8 million in incentive compensation. In 2011 his base salary was $900,000. Details of Mr. Cook's pay came from a year-end regulatory filing, according to Bloomberg.

CFO Peter Oppenheimer earned $68.6 million this year, which included $66.2 million in stock awards. In 2011 Apple reported paying Mr. Oppenheimer $1.42 million.

Mr. Cook's 2011 pay earned him the distinction of being the highest paid CEO ever.

In comparison, Steve Jobs earned $1 a year when he was CEO. Despite his easy to calculate salary, he still raked in millions thanks to his company stock and other perks.

Apple's stock is currently trading at $510.26, down 2.74 (0.53%).