Apple CEO Tim Cook's massive stock grant last year continues to put him on the top of executive compensation lists.
Apple's chief executive was the highest-paid CEO during 2011, according to a study put out by the Wall Street Journal and the Hay Group consulting firm earlier today.
Cook was granted a pay package worth $378 million after becoming Apple's chief executive last August. Though as the Journal notes, there are some serious strings attached.
The stock grant, which was unveiled in a January proxy filing, had restrictions that keep Cook from collecting the first half of the shares until 2016, with the other half in 2021. Nonetheless, Apple's stock price at the time they were valued puts Cook at the top of the heap.
Behind Cook was:
The results follow a feature piece on executive compensation by the New York Times last month, which referred to the Apple exec as "the $378 million man."