Madshrimps Forum Madness

Madshrimps Forum Madness (https://www.madshrimps.be/vbulletin/)
-   WebNews (https://www.madshrimps.be/vbulletin/f22/)
-   -   Apple boss makes a million a day (https://www.madshrimps.be/vbulletin/f22/apple-boss-makes-million-day-88668/)

Stefan Mileschin 23rd May 2012 07:59

Apple boss makes a million a day
 
Apple's top sauce Tim Cook is officially the best paid CEO in the US by making a million dollars a day.

Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival.

According to AFP, Cook made more than $378 million last year. That is about $36 a second. It means that if he has an itch, Apple pays him $100 to scratch it and a morning trip to the loo with the newspaper costs more than your average family earns in a year.

That is not his salary exactly: like Jobs before him, he only claims a dollar salary and collects 90 cents after tax. But he scooped up a cool $376 million in restricted stock grants, based on Apple's stock price at the time.

The head of Oracle, Larry Ellison, came in second place with less than a fifth of Cook's pay. Ellison makes $76 million.

Motorola Mobility chief Sanjay Jha was ranked fifth, at $47 million.

This year Cook is expecting to see his salary climb even more. Apple shares have leapt 29 percent so far this year.

http://news.techeye.net/business/app...-million-a-day


All times are GMT +1. The time now is 08:05.

Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO