Apple COO Tim Cook made $14MM in 2009

John Brownlee ()

Apple COO Tim Cook made $14MM in 2009It’s nice to see good work pay off. While Steve Jobs walked home with his customary $1 salary and $1 bonus for 2009 Apple COO Tim Cook — who stepped into Jobs’ shoes for five months while Steve Jobs underwent a liver transplant — made out much better: his year end renumeration for 2009 was a cool $14 million.

The vast majority of that money went to Cook in the form of $12.3 million worth of Apple stocks… a significant jump from his 2007 and 2008 stock awards of $7 million and $6 million, respectively. Cook also got a $100,000 salary raise, up to $800,000, and a cash bonus of $800,000 to match.

Don’t feel bad for Jobs, though: although that two bucks he earned in 2009 won’t even pay for a cup of coffee, his 5.5 million shares of Apple stock are currently valued at $1,163,855,000.

[via TUAW]

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About the author

John BrownleeJohn Brownlee is news editor here at Cult of Mac, and has also written about a lot of things for a lot of different places, including Wired, Playboy, Boing Boing, Popular Mechanics, Gizmodo, Kotaku, Lifehacker, AMC, Geek and the Consumerist. He lives in Cambridge with his charming inamorata and a tiny budgerigar punningly christened after Nabokov's most famous pervert. You can follow him here on Twitter.

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  • ged

    14MM?

    MM = million x million

  • John Brownlee

    “MM = million x million”

    No, it jolly well doesn’t.

    http://en.wikipedia.org/wiki/Mm

  • Sharon Stevenson

    With those billions, what will Jobs do to establish his legacy beyond the company, a la Gates? I suggest that he contribute to the field in which Apple is already ahead in social terms, i.e. its emphasis on education.

    Did Gates ever establish a service similar to iTunes University? Jobs could develop a FREE program similar to Google’s SketchUp to make it possible for knowledgeable people interested in helping the poor by passing on that knowledge–to actually do it. If the poor had access to better educational opportunities online, i.e. courses or coursettes, constructed at their educational level, it would be a great gift to humanity.

    Apple is in a great position to do it with iMovie, iPhoto already available to make courses simple, clear and useful. Whaddya say, Steve?

  • FeralFreq

    Sharon, you are right. Apple already has a lot of tutorials online on all their applications.(apple.com/findouthow) or search for the app on the website, which shows you the tutorials for that app.
    A person could use those, combined with the RSS feed on the topic (from apple.com/rss) and put together a course. It’s a great idea.

  • ged

    wikipedia is wrong.

    MM implies multiplication of Roman numerals.
    Such a “juxtaposition” is totally ignorant.
    Do I need to say why?

  • John Brownlee

    @ged: Wikipedia is NOT wrong, you are.

    First of all, even if MM does imply multiplication of Roman numerals (it doesn’t have anything to do with them), you’d still be proving that I was right, since the Roman numeral M stands for one thousand, not one million. MM, therefore, would be the multiplication of 1000 by 1000. Guess what the product of that is? A million!

    Secondly, $MM has been in widespread use in both business and journalism to abbreviate a million as long as I have been in either field. In fact, I specifically remember being schooled on this by one of my first bosses. I used the abbreviation every day in my job before I became a writer without a single person ever batting an eye or questioning it, and I worked for one of the largest banks on Earth. I think they might have spotted the error.

    Go home. You’re wrong.

  • Jack C.

    Much as I have little respect for Microsoft, Gates is most certainly a charitable philanthropist. He throws around much of his personal money for good causes. (Ballmer on the other hand… is just an obnoxious clown with no redeeming qualities whatsoever).

    Jobs could also do the same as Gates, but it might be a good idea to focus on one particular type of charity. When his time comes, his life will be remembered for his generosity as much as his brilliance in corporate leadership.

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