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Tim Cook received $377,996,537 in compensation last year, how do you like dem apples?

Apple's Tim Cook made an amazing $378 million last year

| Business, Financial & Legal News | Posted: Jan 12, 2012 3:00 am

Well, I know what I want to be when I grow up. 2011 was an amazing year financially for Tim Cook, becoming the CEO of Apple after Steve Jobs passed away, he took in a new salary and a bunch of stock awards. By a bunch, I mean a lot and by a lot, I mean over $377 million worth.

 

TweakTown image news/2/2/22242_03_tim_cook_received_377_996_537_in_compensation_last_year_how_do_you_like_dem_apples.png

 

According to Apple's 2012 Proxy Statement, Cook received $377,996,537 in total compensation last year, compared to Jobs' compensation which was exactly $1. Cook only took in $900,000 as a salary in 2011, but received an insanely large bonus in restricted stock units, vesting in two five-year increments and doled out with his appointment to the CEO throne, took his total compensation through the roof.

 

This isn't the first time Apple gave its CEO a bunch of stock options, back in 2006, Steve Jobs received $646.6 million, most of which was given in stock options. Just imagine that, opening up your Internet Banking page, and seeing all those numbers. I'd most likely find myself on the floor three days later, passing out from pure shock.

NEWS SOURCE
Allthingsd.com

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