Considering its been a rough couple of years for the economy and many CEOs still got large salaries for doing very little<\/a>, it’s nice to see Cook being rewarded for, you know, actually doing something<\/a> and producing results<\/a>.<\/p>\n 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.<\/p>\n 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<\/a>) stock, which closed Monday at another all-time high of $211.61<\/a> a share (that makes Steve’s shares worth a cool $1,163,855,000).<\/p>\n TUAW<\/a>Tim Cook gets $12.3M for watching Apple while Jobs was out<\/a> originally appeared on The Unofficial Apple Weblog (TUAW)<\/a> on Tue, 29 Dec 2009 09:30:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n Read<\/a> | Permalink<\/a> | Email this<\/a> | Comments<\/a> <\/p>\n Buy This Item: [Click here to buy this item]<\/span><\/a><\/p>\n![\"\"](\"http:\/\/www.stoth.com\/wp-content\/plugins\/wp-o-matic\/cache\/4ea8e_cook-jobs.jpg\")
Apple COO Tim Cook<\/a> has received $12.3 million in Apple stock for stepping in as CEO during Steve Jobs absence<\/a> earlier this year. <\/p>\n<\/h6>\n