In 2011, the top paid CEO in the US was none other than Apple's Tim Cook, according to a recent feature story published by The New York Times. Aside from a cheque of about $900,000, Tim Cook was also awarded Apple stock valued at roughly $376 million at the same time as a bonus.
Now the stock is worth about $634 million and its value continues to rise. There is a catch, though. Tim Cook cannot enjoy the full ammount for another decade. He will be able to collect half of the Apple shares awarded to him in 2016 and another half in 2021. The condition is that he will still work for Apple at that time.
In fact, last year, Tim Cook's salary of $900,000 was well below the average CEO salary in the US which reached $14.4 million in 2011.
The first runner up after Tim Cook's staggering compensation is Larry Ellison of Oracle Corp., who managed to cash in $77.6 million last year. If Apple's stocks continue to rise, then by 2021, Tim Cook could be worth more than $1 billion.
That's very possible as there are already assumptions on the market that Apple will soon reach the $1000 share price.
Source: NY Times