Apple CEO Tim Cook would get a salary of $1.4m, which is one percent of $378m (£235m) he received for 2011. He will also get a bonus of $2.8m for 2012, Apple said in a federal filing. 
 
Apple said that most of his money from 2011 came from a grant of shares awarded for becoming the chief executive.
 
Apple said that Cook will not receive any stock awards for 2012 after he was given about $376.2million in stock awards the year before.

"Cook's target cash compensation remains significantly below the median for CEOs of peer companies," it said.
 
"Following a recommendation by Cook to the Compensation Committee, the company adopted stock ownership guidelines for the CEO and the non-employee directors. Under the guidelines, Cook is expected to own shares of company common stock that have a value equal to ten times his base salary." Apple said
 
According to Daily Mail, The 2012 compensation package for Cook, who took over as chief executive in August 2011, also seemed a pittance compared with his 2010 pay, which was 14 times higher, when the executive served as chief operating officer.