Running Apple a plum job as CEO pulls down $377M comp

FEB 29, 2012
Those iClouds are just raining down cash, well stock options anyway. I was just feeling a little bit SNL'ish after I saw Techmeme's tweet of Jay Yarrow's story over at Business Insider. (For the record SNL'ish refers to the strong and erroneous mental connection between a name or word and the desire for a related skit on Saturdday Night Live --- in this case the name Tim {hey maybe this coming weekend guys?} Alas TimCo is not the football player (Tim Tebow); no I'm talking about the QB of Apple Inc. chief executive Timothy Cook. Mr. Yarrow wrote a piece on his compensation after getting a gander at Apple's SEC filing (check out page 30). Whewww! Mr. Cook will have received just shy of $378 million in total compensation from the company for 2011. That is based on a paltry salary of just $900,000 but add to that a mighty helping of $376 million in stock. Wow, that reflects some serious “i” sales does it not (iPads, iPhones, iPods, iTunes, iClouds)? Like I said way to go TimCo! (Okay Lorne Michaels you have all week to work something up, you are welcome).

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