Apple CEO 2012 pay to drop to $4.17 mln from $378 mln in 2011

NEW YORK Thu Dec 27, 2012 10:02am EST

NEW YORK Dec 27 (Reuters) - Apple Inc Chief Executive Tim Cook will receive total compensation of $4.17 million in 2012, down from a $378 million pay package in 2011 that included stock awards.

Apple, maker of the popular iPhone and iPad devices, said in a regulatory filing that the executive, who became CEO in August 2011, will not receive any stock awards for 2012. (Reporting By Sinead Carew; Editing by Kenneth Barry)

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