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Apple CEO Tim Cook will receive compensation for 2012 valued at US$4.17 million after his salary was raised by 51% in his first full year in the job, reports "Bloomberg" (http://tinyurl.com/bprfzle). However, he gets no stock awards.
The total includes $1.36 million salary and $2.8 million in incentive plan compensation, Apple said today in a regulatory filing. Cook’s 2011 compensation of $378 million, one of the biggest pay packages on record, was boosted by $376.2 million in stock awards that he’ll get over a decade, notes "Bloomberg."