Tuesday, April 23, 2024

Apple CEO Tim Cook Could Top Pay List in 2011

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Associated Press: Thanks to a hefty stock option grant, Apple CEO Tim Cook looks likely to be the highest paid chief executive in America for 2011. When Cook took over from Steve Jobs, the company awarded him a million stock options worth worth $376 million at the time. Half of those options will vest in 2016, and the other half will vest in 2021. In addition, Cook received about $900,000 in salary, $900,000 as a bonus, plus company contributions to a 401K and a life insurance policy. In all, Cook’s 2011 pay totaled $378 million.

In 2010, the highest paid CEO was Philippe Dauman of Viacom, who made $84.5 million.

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