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What income disparity?
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Apple CEO Cook pay could lead in 2011 with $378 million pay package due to restricted stock
By Associated Press, Published: January 9 | Updated: Tuesday, January 10, 1:00 AM
LOS ANGELES — Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before co-founder Steve Jobs died.
An Associated Press review of a securities filing shows Cook’s pay package was valued at $378 million. The vast majority came in a grant of a million restricted stock units worth $376 million at the time. Half of the stock units will vest in August 2016, the other half in August 2021.
Apple CEO Cook pay could lead in 2011 with $378 million pay package due to restricted stock - The Washington Post
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