Apple CEO’s 2013 pay steady but sees part of stock award shrink

Apple Inc CEO Tim Cook holds up the new iPad Air during an Apple event in San FranciscoApple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker's stock. Apple's stock lost a quarter of its value over that one-year period. The company also advised shareholders to vote down a resolution by activist investor Carl Icahn, who proposed the iPhone maker buy back $ 50 billion worth of shares in fiscal 2014. Apple argued on Friday it has already returned $ 43 billion in dividends and share repurchases over the first six months of its roughly $ 100 billion capital return program.

Tech News Headlines – Yahoo News

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Posted by on Dec 28 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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