Why is this man smiling? You might be too if you had his income last year.
Apple CEO, and successor to Steve Jobs, Tim Cook received $378 million in compensation last year, which makes him the highest-paid CEO in the world with a stratospheric income.
The vast majority came in a grant of 1 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.
His salary and performance bonus, about $900,000 each, made up much of the rest. He also made $16,520 from company contributions to a 401(k) retirement account and company-paid life insurance premiums.
In comparison, Jobs accepted a $1 annual salary for years and owned about 5.5 million shares, worth about $2.3 billion today.
To put Cook’s big payday further in perspective, here’s a rundown of how many Apple products Cook could conceivably buy:
- 756,000 iPads
- 378,378 entry-level MacBook Airs
- 1,899,497 iPhone 4Ses with the same number of two-year contracts
Mashable
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