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|23rd May 2012, 06:59||#1|
Join Date: May 2010
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.
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