Apple CEO Tim Cook will earn 99 percent considerably less in 2012 than he did in 2011.
However, it is natural reasons for the dramatic decline in the Cooks’ fees. Almost his entire fee in 2011 came namely from stock he succeeded Steve Jobs. Cook were given in 2011 a total of 378 million us dollars in compensation – about-2.2 billion – of which $ 376.2 million was the share he will be given over a period of several years.
The share price has plummeted
Tim Cook, according to Bloomberg receive a total of $ 4.17 million, about 23 million in compensation for 2012.
The share price of Apple has dropped by 27 percent since the peak in September and many analysts believe the company now needs a revolutionary product to withstand the increasing competition from, among others, Google and Samsung.
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