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For years, the Network World’s list of high-paid tech CEO’s has been dominated by one man: Larry Ellison, who leads Oracle and took home a 2011 pay package valued at more than $77 million.
Ellison collected a mere $1 salary, but he also pocketed a $13.3 million bonus, option awards valued at $62.7 million, and perks worth $1.5 million in 2011.
His total pay package grew by 11% compared what he banked in 2010, when he earned a paltry $70.1 million. During the same time period, the company grew revenue by 33% (from $26.8 billion in 2010 to $35.6 billion.)
But top of the heap this year is the leader of the world’s most valuable technology company, Apple.
New CEO Tim Cook netted a $378 million compensation package that included a “promotion and retention award,” valued at $376 million, which he was awarded after being named CEO in August.
Cook’s pay package also included his $900,017 salary, $900,000 cash bonus, and $16,520 in perks and other compensation.
In its 2011 fiscal year, which ended Sept. 24, Apple’s revenue grew to $108.2 billion, representing a 66% increase over the prior year’s $65.2 billion revenue. Net income grew to $25.9 billion, a gain of 85% compared to $14 billion in 2010.
Guess you could say Cook earned his paycheck.
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