Apple COO Tim Cook has received $12.3 million in Apple stock for stepping in as CEO during Steve Jobs absence earlier this year.
Considering its been a rough couple of years for the economy and many CEOs still got large salaries for doing very little, it's nice to see Cook being rewarded for, you know, actually doing something and producing results.
In 2007 and 2008 Cook earned stock awards worth $7 million and $6 million, respectively. This year for Tim closes with a $12.3 million stock award plus a $100,00 salary raise (up to $800,000 from $700,000) and a fat cash bonus of $800,000. Total compensation for 2009? $14 million.
Steve Jobs took his usual $1 salary and a $1 bonus. But don't worry, he's doing just fine with his 5.5 million shares of Apple (AAPL) stock, which closed Monday at another all-time high of $211.61 a share (that makes Steve's shares worth a cool $1,163,855,000).