Apple CEO Tim Cook was awarded total compensation of $378 million in 2011. Is he worth it?
CUPERTINO, Calif. (TheStreet) -- Apple(:AAPL) CEO Tim Cook was awarded a total compensation package of $378 million in 2011, according to a proxy statement filed with the Securities and Exchange Commission on Monday, the same day that Apple's stock hit an all-time high.
Cook, Apple's former COO, was promoted to the tech giant's hot seat when Steve Jobs stepped down in August. A logistics guru who was deputized during Jobs' three medical leaves of absence, Cook was an obvious choice to succeed his boss, although he has an unenviable job stepping into the shoes of a tech visionary.
Tim Cook, Apple's CEO
The new CEO is expected to launch a host of new products in 2012, including the iPhone 5, iPad 3 and the eagerly-anticipated Apple TV, although investors are keen to see whether he will carve off some of Apple's vast cash haul for a dividend.
It may still be the early stages of Cook's reign at Apple, but he's clearly highly valued by the iPhone maker. Do you think that the Apple CEO is worth his $378 million total compensation package?
-- Written by James Rogers in New York
>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.
>To submit a news tip, send an email to: email@example.com.