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Apple CEO Tim Cook sees pay drop 99% in 2012

Zach Epstein

Tim Cook Salary 2012

In 2012, Apple’s (AAPL) chief executive will earn about 1% of the compensation he pulled in last year, according to a regulatory filing. The CEO’s compensation will total $4.17 million in 2012, which includes a $1.36 million salary and $2.8 million in compensation related to incentive plans. Last year, the Apple boss was paid $378 million according to Bloomberg, thanks largely to $376.2 million in stock awards that will pay out over a 10-year period. The filing also reveals that CFO Peter Oppenheimer will earn $68.6 million in 2012, including $66.2 million in stock.

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This article was originally published by BGR