Tim Cook gets 10% pay cut… but still takes home over $40 million

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http://bgr.com/2013/12/31/tim-cook-2013-compensation/Apple’s CEO has docked himself a hefty $4 million in pay, as a direct result from Apple’s underperforming stock price earlier this year, according to a proxy statement filed on Sunday (via CNN). Expressing a “strong desire to set a leadership example in the area of CEO compensation and governance,” Tim Cook insisted on putting half of his own stock grants at risk if Apple's shares underperformed the S&P 500 index this year.

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Via BRG - Boy Genius Report