Apple CEO Tim Cook Could Top Pay List In 2011

AP
Apple CEO Tim Cook highest paid salary
Apple CEO Tim Cook highest paid salary

By Ryan Nakashima


LOS ANGELES (AP) -- Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before co-founder Steve Jobs died.

An Associated Press review of a securities filing shows Cook's pay package was valued at $378 million. The vast majority came in a grant of a million restricted stock units worth $376 million at the time. Half of the stock units will vest in August 2016, the other half in August 2021.