Tim Cook Generate USD 378 Million In 2011, But Must Stay on Apple at least 10 years

Apple CEO Tim Cook managed to attract revenue of about $ 378 million for his work in 2011, although most of the money will not be available to him for many years to come, as reported by the New York Times. Most of them, or about $ 376.2 million, consisting of one-time grant of shares that will not be cashed unless Tim Cook to stay with Apple for 10 years. The rest was paid in advance of the combined salary, bonus and other allowances during the year 2011 amounted to $ 1.8 million. 


Tim Cook's base salary alone amounted to $ 900 thousand and is relatively small. Although still above the average income of most Americans, New York Times suggests that the figure is far below the income standard for the CEO in America is an average of $ 14.4 million. Tim Cook will be the best CEO in 2011 when the shares come included in the count, second place is owned by Oracle CEO Larry Ellison with $ 77.6 million figure, while the third place there is a former Apple retail chief Ron Johnson, who now joined with JC Penney, which draw an income of $ 53.3 million through its new role.
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