name='verify-v1'/>"> MediaTrial: Apple chief Tim Cook takes 99pc pay cut to $4m due to lack of stock bonuses

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Friday, December 28, 2012

Apple chief Tim Cook takes 99pc pay cut to $4m due to lack of stock bonuses

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Virtually all of Cook's $376 million stock bonus in 2011 was in awards that vest in two chunks - one in 2016 and the other in 2021. This structure was intended to keep Jobs' longtime lieutenant at the helm for many years, as the value of the stock will depend on how well the company is doing in 2016 and 2021.

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