Apple COO Made $59 Million When Filling In For Steve Jobs

Apple Inc. (NASDAQ:AAPL) COO Tim Cook made about $59.1 million in 2010 in bonuses for filling in the CEO position when Steve Jobs was on medical leave. Cook was given $5 million in cash and $52.3 million in stock awards for the year that ended in September 2010. This is up from $1.64 million in 2009. Cook’s salary remained at $800,000. When Jobs was on medical leave for 6 months, Cook temporarily filled in for him. Jobs had a liver transplant in 2009. Cook was praised from analysts for running the company smoothly while Jobs was not available.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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