Heavy downfall in the salary of Apple CEO

The CEO of iPhone and iPad manufacturer company Apple has faced a downfall of 99% in his salary within a year.

Tim Cook is a successor of the company after Steve Jobs and he has completed one year at this post. His salary was $378 million and now its remaining only $4.17 million. Cook got this post in August 2011 and his salary was very low compare to 2010.

The company has announced that he will not get any stock award in 2012 as he had got $376.2 million as stock award before a year. The shares of the company were increased by 35% when he was appointed at CEO post. Perhaps in last October the share price was increased by $700.10 at maximum. Till now the downfall in the share is by 27%.

The CEO of iPhone and iPad manufacturer company Apple has faced a downfall of 99% in his salary within a year.

Tim Cook is a successor of the company after Steve Jobs and he has completed one year at this post. His salary was $378 million and now its remaining only $4.17 million. Cook got this post in August 2011 and his salary was very low compare to 2010.

The company has announced that he will not get any stock award in 2012 as he had got $376.2 million as stock award before a year. The shares of the company were increased by 35% when he was appointed at CEO post. Perhaps in last October the share price was increased by $700.10 at maximum. Till now the downfall in the share is by 27%.