Apple's Cook Is The Highest-Paid CEO

Tim Cook is sitting on top of the highest paid CEO list thanks to the company's stock price. For his sake, he better hope it the stock price stays that way for the next nine years.

Mr. Cook's 2011 compensation is the highest recorded in The Wall Street Journal's annual CEO pay survey since at least 2006, when the Securities and Exchange Commission changed its rules for reporting executive pay. The shares carry unusual restrictions. Mr. Cook can't sell half the shares before 2016, and the other half before 2021. Still, the rapid run-up in Apple's stock means the shares are now valued at $530 million.

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