Tim Cook Ranked Highest Paid CEO in 2011

Apple is really worth much more than 500 billion dollars, thus it really is no great surprise the CEO on the company, Tim Cook, was the largest paid CEO in 2011. Cook famously had the reigns of the company beginning in 2011, when Steve Jobs was out on medical leave.Simply how much was Cook paid? Based on the Wall Street Journal, when he started to be CEO in August, The apple company offered him a pay package well worth approximately $378 million dollars.The majority of his payment arrived the form of confined stock, definitely worth $376.2 million dollars at the time. The limitations prevent Tim Cook from instantly selling his shares, and are contingent on his continued employment at Apple. He can easily market 50 % of his shares in 2016, and the other half in 2021.Of which stock has since developed in value, and is also currently worth a complete of $530 million dollars. Apple has said that it points to the shares compensation for an additional 10 years at work rather than just transaction for 2011.Larry Ellison, founder of Oracle Corp. was the second highest paid CEO in 2011, acquiring a complete of $76 million available as stock additional bonuses and stock options.