No big raise for Tim Cook: Apple pays CEO $4.25 million in 2013
With the help of a $2.8 million bonus, the power tech company's CEO pulls in slightly more in total compensation this year compared to 2012.
CEO Tim Cook made $4.25 million in 2013 for leading Apple, the company reported Friday in financial documents.
Apple noted the figure in its preliminary proxy statement, along with the compensation of its top executives, who got about $2.6 million a piece. The amounts are all a tiny fraction of what the company gets from sales.
Cook's pay included a base salary of $1.4 million, more than $53,000 worth of benefits, and a $2.8 million bonus, which is the maximum bonus Apple could give him.
His total compensation didn't change much from last year. Cook pulled in $4.2 million in 2012,a 99 percent reduction from 2011.
The proxy statement also revealed that Apple's annual shareholder meeting will be held on February 28, at which point shareholders will get a chance to vote on investor Carl Icahn's proposal to increase Apple's stock buyback program to $50 billion in 2014.
Update, 5 p.m. PT: Added compensation details.