It would be definitely piece of cake in terms of compensation when a person heading the world’s top consumer electronics giant. I am talking about Apple’s CEO Tim Cook, as he had awarded a total of compensation less than $4.2 million in the year, the company filed documents with the SEC for its annual shareholder meeting, which scheduled for February 27, 2013 at the company’s HQ.
Tim Cook when appointed as CEO back in August 2011 granted a 1 million in restricted shares (RSUs) as a promotion and retention award, which values at about $376 million at that time. And, now counting on the compensation as according to filing, Tim Cook’s compensation totalled a $4,174,992 i.e. about $4.2 million. Isn’t it a piece of cake that everyone want to have it?
The Cupertino giant along with this seeks a re-election of the current eight members of its board of directors. The list includes Apple CEO Tim Cook, Chairman Arthur Levinson, Al Gore, William Campbell, Millard Drexler, Robert Iger, Andrea Jung, and Ronald Sugar.