Feeds

Apple chief Cook is HIGHEST PAID CEO in AMERICA

Black Friday bargains? They're for peasants. Like Ellison

Reducing security risks from open source software

Apple CEO Tim Cook has hit the executive-compensation trifecta, having slotted in at number one in CNBC's "Highest Paid CEOs" list.

After being proclaimed the same earlier this year by The Wall Street Journal and The New York Times, it appears that life at the iTop is quite remunerative, indeed.

As CNBC tells it, 52-year-old Cook, who joined Apple in 1998, had an average annual compensation of $95m between 2007 and 2011, and watched his stock increase over the past year by 32.56 per cent.

While you and your humble Reg reporter may think of compensation as something you receive in your pay envelope, in the rarified world of the comporate honcho, it's a bit more complicated. According to CNBC, "Compensation is defined as salary, cash bonus, stock awards, option awards, nonequity incentive plan, change in pension value, and all other compensation (such as contributions to 401(k)s and life insurance premium payments)."

Figured that way, Cook rules. Larry Ellison comes in a rather distant second, with an average annual compensation of a mere $70m, and Rob Johnson, formerly of Apple's retail juggernaut and now attempting to raise JC Penney from the ashes, is number three at $53m.

Cook's stock performance could have been better. Apple closed on Wednesday at $561.70 per share, down from a heady $705.07 peak in September. Still, one year ago Apple's stock was trading at around $360 per share, so $560-plus ain't too shabby.

With an average annual compensation of $95m, it's a bit more understandable as to why Cook turned down an Apple stock dividend this May. After all, that payout would have been worth a paltry $75m.

Chickenfeed, m'dear, chickenfeed. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.