Top-paid US CEOs in 2011
Tim Cook, CEO of Apple is the top paid CEO in the US, according to a survey by the Wall Street Journal. The study, conducted by Hay Group for the Journal covered the 300 largest US public companies by revenue. Here is a look at the list
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Tim Cook, CEO, Apple Inc: Apple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey has showed. Cook, who took the helm of the iPhone and iPad maker in August last year, two months before the death of founder Steve Jobs, clocked in total compensation of $378 million. Cook earned $900,000 for his annual salary and $900,000 for his annual incentives. But he scooped up a cool $376 million in restricted stock grants, based on Apple's stock price at the time.
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Larry Ellison, CEO, Oracle: Another Silicon Valley big gun, the founder and head of software company - Oracle, Larry Ellison, came in second place with less than a fifth of Cook's pay, at $76 million. According to Wall Street Journal survery, he received a $13.3 mn bonus and stock options worth $62.7 mn, not a salary. He has been ranked at number 2 position for the last three years in the survey.
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Leslie Moonves, CEO, CBS: Television broadcaster CBS head Leslie Moonves was in number-three position at $69 million, up 29% from the prior year. His pay included a $30 million annual bonus, stock options valued at $27.3 million and types of restricted stock collectively valued at $8.5 million. Moonves has been in the top five of the survey for past three years.
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Ronald Johnson, CEO, JCPenney: At the fourth position, is chief executive of struggling retailer JCPenney, Ronald Johnson, who pulled in $53 million. Johnson, the former head of Apple's retail-store unit, took over the reins of JC Penney Co. in November last year. According to the survey, he received a grant of 1.66 million shares of restricted stock, valued at $52.6 million as a compensation for the restricted Apple stock that he left behind.
