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VOL. 128 | NO. 252 | Monday, December 30, 2013

Apple CEO's Compensation Rises Slightly to $4.3 Million

AP

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CUPERTINO, Calif. (AP) – Apple CEO Timothy Cook received a compensation package valued at nearly $4.3 million this year, up slightly from 2012.

Cook's pay for fiscal 2013, which ended in September, consisted of $1.4 million in salary and a bonus of $2.8 million, according to a regulatory filing Friday. Cook's compensation also includes $52,721 in company contributions to his 401(k) account, life insurance premiums and a vacation cash-out.

The year's pay was relatively modest compared with 2011, when he took the company's helm. That year, Apple's board set him up with stock now worth $510 million.

Apple itself faced some challenges in the fiscal year. It closed with a nearly 25 percent decline in market value, or about $160 billion. Still, it remains the world's most valued company as measured by market capitalization.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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