Apple CEO Tim Cook Could Top Pay List In 2011

By: AP
By: AP

LOS ANGELES (AP) -- Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before cofounder Steve Jobs died.

An Associated Press review of a securities filing shows Cook's pay package was valued at $378 million. The vast majority came in a grant of a million restricted stock units worth $376 million at the time. Half of the stock units will vest in August 2016, the other half in August 2021.

His salary and performance bonus, about $900,000 each, made up the rest.

In comparison, Jobs took $1 annual salary for years and owned about 5.5 million shares, worth about $2.3 billion today.

Cook's restricted shares are now worth $422 million.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 136979998 - kktv.com/a?a=136979998
Gray Television, Inc.