Holy smokes: Apple head Tim Cook earned $378M in 2011

tim cook

tim cook

Apple CEO Tim Cook took home an astonishing $378 million in 2011, according to Apple’s just-released 2012 proxy statement to shareholders.

Cook took over as CEO for Steve Jobs in August of last year. Jobs passed away about a month later, truly leaving the company to its own devices. Jobs famously only took $1 a year for his salary (a common practice amount CEOs for tax reasons, not humility), but outside of that, Cook has followed the path Jobs set out well. Cook led Apple’s October event introducing the iPhone 4S, which has become a monster hit.

The salaries, first spotted by Business Insider, aren’t terribly shocking in light of the ginormous amount Apple makes in revenues each year. As you might expect, other Apple executives are also compensated quite well.

The base salaries for Scott Forstall, Peter Oppenheimer, Eduardo Cue and Ron Johnson are all set at $700,000 and when other options are awarded, that number shoots up. Cue, for example, took home a total of $53 million in compensation in 2011.

A full compensation chart can be viewed below:

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