Printed from http://www.electronista.com

Apple's Tim Cook ranks as highest-paid CEO of 2011

updated 03:45 pm EDT, Mon May 21, 2012

Most pay locked up in stock options

Apple CEO Tim Cook was the highest-paid CEO of 2011, according to a study released by the Hay Group and the Wall Street Journal. Cook's package for the year was valued at $378 million, although most of it is locked up in the form of stock grants issued after he took control from Steve Jobs in August. The first half of the shares will vest in 2016; the remainder will follow in 2021, contingent on Cook staying with Apple.

Second on the list was Oracle's Larry Ellison, who took home $76 million, again mostly in the form of stocks. CBS' Leslie Moonves took in $69.3 million, of which $30 million was actually part of a bonus. JC Penney CEO Ron Johnson -- formerly Apple's head of retail -- brought in $53.3 million in restricted stock, while Motorola Mobility CEO Sanjay Jha grabbed $46.6 million, mostly in terms of stock options.

Corporations regularly use stocks as a way of ensuring the loyalty and performance of their executives. While a number of executives have left Apple since Cook assumed power, Cook himself has been with the company in different jobs for many years, and is now effectively the public face of the business.



By Electronista Staff
toggle

Comments

Comments are closed.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News