Apple Inc CEO Tim Cook gives up performance bonus, takes home $4.25 mn as salary in 2013

Dec 28 2013, 14:58 IST
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Tim Cook has steered Apple in a more investor-friendly direction, including the establishment of one of the industry's biggest capital return programs. Tim Cook has steered Apple in a more investor-friendly direction, including the establishment of one of the industry's biggest capital return programs.
SummaryCook gave up 7,100 shares tied to performance-dependent award, stock based on shareholder returns

tablets.

Apple's profit and margins slid in the September quarter despite selling 33.8 million iPhones. Sources have said demand for the $100 cheaper, brightly hued iPhone 5C has severely lagged sales for the top-tier 5S, spurring concerns about the iPhone's market positioning and its ability to compete with a growing profusion of lower-cost rivals.

This month, it finally secured a deal with China Mobile after protracted negotiations, a deal that should enlarge its footprint in the world's largest telecoms market.

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