Feeds

Apple chief Cook is HIGHEST PAID CEO in AMERICA

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

Top 5 reasons to deploy VMware with Tegile

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.