Apple CEO’s 2011 Package: $378M

    NEW YORK, NY - JANUARY 11:  Apple Chief Operating Officer Tim Cook speaks during the Verizon iPhone announcement January 11, 2011 in New York City.  In a long-anticipated move, Verizon and Apple have announced that Apple's popular iPhone mobile phone will be offered on a Verizon's phone network.  (Photo by Chris Hondros/Getty Images) *** Local Caption *** Tim Cook

    Chris Hondros / Getty Images

    Note to employers: a compensation package like this will most likely keep your employee happy. Apple’s CEO, Tim Cook, will receive $378 million worth of compensation for last year, the majority of which is from restricted shares. Cook’s salary in 2011 was only $900,000, but he’s set to get $376.2 million in shares that will be cashed in over the next 10 years. The stocks were given to him so he wouldn’t pursue another job. Though Steve Jobs had 5.5 million shares of the company when he died, his annual compensation was only $1.

    Read it at Bloomberg