John Paczkowski

Recent Posts by John Paczkowski

Steve Jobs’s Paycheck: $1. Tim Cook’s Paycheck: $378 Million.

Financially, 2011 was a windfall year for Tim Cook. His appointment as Apple CEO following the departure of co-founder Steve Jobs brought with it a new salary and a wheelbarrow full of stock awards.

According to Apple’s 2012 Proxy Statement, Cook received a jaw-dropping $377,996,537 in total compensation last year — which is $377,996,536 more than his late predecessor made.

Cook made a little more than $900,000 in salary in 2011, but a massive bonus in restricted stock units, vesting in two five-year increments and doled out with his appointment to the CEO slot, sent his total compensation into the stratosphere.

Of course this isn’t the first time Apple has showered a CEO in stock options. A similar scenario played out in 2006, when Steve Jobs received $646.6 million, much of it in stock.


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When you go down a pit in Super Mario Bros., you don’t feel like, ‘Aah! I’m going to die!’

— Oculus VR founder Palmer Luckey, on the immersive quality of virtual reality over traditional videogame interfaces