Apple COO Made $59 Million When Filling In For Steve Jobs
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
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.