updated 03:30 pm EDT, Mon April 9, 2012
Most money still relegated to stocks
In all Apple CEO Tim Cook pulled in about $378 million in 2011, even if most of that money won't be available to him for years, according to the New York Times. The bulk, $376.2 million, consisted of a one-time stock grant that won't vest unless Cook stays with Apple for 10 years. In terms of immediate pay, his combined salary, bonuses, and miscellaneous perks during the year amounted to $1.8 million.
On its own Cook's salary was a comparatively small $900,000. Although still more than most Americans make, the Times points out that the figure is well below the median for American CEOs, $14.4 million. Cook does become the best-compensated CEO of 2011 if stocks are included; second place belongs to Oracle's Larry Ellison at $77.6 million, while third is actually attributed to former Apple retail head Ron Johnson, now with JC Penney, who pulled in $53.3 million via his new role.
Another notable executive in the top 10 is Disney's Bob Iger, coming in at seventh place with $31.4 million. Iger joined the Apple board of directors in November, re-establishing a direct link between the two companies after the death of Apple co-founder Steve Jobs. The latter had significant influence over Disney thanks to his one-time ownership of Pixar, which resulted in his becoming Disney's biggest individual shareholder. Jobs helped out Disney by regularly promoting the company's content on the iTunes Store and in other marketing.