New Apple CEO Tim Cook Gets a $383 Million Bonus

Tim Cook, promoted from Apple’s chief operating officer to chief executive officer this week, gets more than a new title: He also gets a million shares in Apple, doled out in restricted stock units that vest in two five-year increments. Those shares are worth $383 million at today’s closing price. Last year, Apple paid Cook a salary of $800,000 but gave him a $5 million bonus and another $52 million worth of stock awards.