Apple’s Cook Tops the List of Highest-Paid CEOs
Steve Jobs left big shoes. Apple Inc. is betting $378 million that Tim Cook is the right guy to fill them.
That is the value of the annual pay package Mr. Cook was awarded when he was named Apple chief executive last August, about two months before Mr. Jobs died. Nearly all of the compensation stems from a grant of one million shares of restricted stock, valued at $376.2 million, based on Apple’s stock price at the time.
Mr. Cook’s 2011 compensation is the highest recorded in The Wall Street Journal’s annual CEO pay survey since at least 2006, when the Securities and Exchange Commission changed its rules for reporting executive pay.
