Posted by

0 comments

LOS ANGELES ? 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.

Source: http://us.rd.yahoo.com/dailynews/rss/applecomputer/*http%3A//news.yahoo.com/s/ap/20120110/ap_on_hi_te/us_apple_executive_compensation

south korea draft grades cesar millan los angeles power rangers samurai prince bengals



Tags: , ,

0 Comments

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment