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Apple’s Tim Cook Best Paid CEO…By Far


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A Wall Street Journal survey revealed the 10 best paid CEOs in America. Tim Cook didn’t just top the list, but he beat second place by over $300 million.

Cook’s total compensation totalled $378 million in 2011: more than a million dollars per day.

He was instated as Apple’s CEO two months before former CEO and Apple founder Steve Jobs passed away, in August of 2011. Jobs recommended Cook for the position in his letter of resignation.

Cook’s salary and annual incentives are just 90 cents apiece, but is paid $376 million in restricted stock grants based on Apple’s at-the-time share price.

Larry Ellison, the head of Oracle, came in second place with $76 million. He was followed by CBS head Leslie Moonves at $69 million, Ronald Johnson—CEO of JCPenny—at $53 million and Motorola Mobilities chief Sanjay Jha at $47 million.

Rounding off the list were the CEOs of Citigroup, Viacom, Motorola Solutions, Walt Disney and Ford Motors, who concluded the list at $29 million.

Cook’s pay check is expected to climb even more as Apple shares jumped 29% since.

Source | Via