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

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 … Continue Reading

Ask the accountant: What taxes will I owe on restricted stock?

This series is brought to you by TurboTax Home & Business Edition – Guides You to Your Biggest Tax Refund. As always, VentureBeat is adamant about maintaining editorial objectivity. TurboTax had no involvement in the content of this post.

This week’s tax question:

I’m used to getting stock options, but my new employer offers restricted stock instead. Does this change what I’ll owe in taxes, and do I need to do anything now?

We passed … Continue Reading

Tech CEOs get bigger salaries

This series is brought to you by TurboTax Home & Business Edition – Guides You to Your Biggest Tax Refund. As always, VentureBeat is adamant about maintaining editorial objectivity. TurboTax had no involvement in the content of this post.

This week’s tax question:

I’m used to getting stock options, but my new employer offers restricted stock instead. Does this change what I’ll owe in taxes, and do I need to do anything now?

We passed … Continue Reading