Apple’s top exec certainly doesn’t live like America’s “highest paid CEO”
Behind all these headlines — and especially the last — are two mistaken assumptions:
- That the 1 million restricted Apple (AAPL) shares granted to Cook last August so that he wouldn’t even think about leaving the company went directly into his bank account. (See Apple CEO Tim Cook didn’t really make $378 million in 2011.)
- That because Steve Jobs’ salary was $1 per year, and Cook’s is now $1.4 million, Jobs didn’t care about money in a way that somehow Cook does.
In this regard, a paragraph from my colleague Adam Lashinsky’s forthcoming book
(release date: Jan. 25) is instructive:
Above: A Google Maps image of Cook’s Palo Alto home and an aerial photograph of one of many houses owned by Larry Ellison, the billionaire CEO of Oracle (ORCL) who is No. 3 on Equilar’s list of America’s highest paid CEOs and, from all appearances, a man who cares a good deal about money.