TUAW is reporting that Apple COO Tim Cook received $12.3 million in Apple stock options for his role as CEO while Apple CEO Steve Jobs took a leave of absence for the better part of 2009.
Even in this rough economic climate Apple has managed to expand quicker than most of the markets they are competing in. A lot of this can be placed at the feat of Steve Jobs, and it will be, but Cook deserves credit for ably running Apple for the better part of 2009.
In 2007 Cook was granted $7 million in stock options, and 2008 brought him $6 million in stock options. So for 2009, Cook was handed $12.3 million in stock, a $100,000 raise, bringing his salary to $800,000 a year, and finally a $800,000 cash bonus. Total haul for 2009: $14 million.
Steve on the other hand received his usual $1 salary with a $1 bonus. Don’t worry, his 5.5 million Apple shares total some $1.1 Billion.
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