Tim Cook, Apple CEO
The bulk of Cook’s $378 million compensation package consists of a “promotion and retention award,” valued at $376 million, which he received after being named CEO in August. Cook’s pay package also included his $900,017 salary, $900,000 cash bonus, and $16,520 in perks and other compensation. By comparison, former CEO Steve Jobs, who passed away on Oct. 5, 2011, received his customary $1 salary last year and declined any new stock or option awards, as he had for years. In its 2011 fiscal year, which ended Sept. 24, Apple’s revenue grew to $108.2 billion, representing a 66% increase over the prior year’s $65.2 billion revenue. Net income grew to $25.9 billion, a gain of 85% compared to $14 billion in 2010.