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.