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LEADERSHIP QUOTE OF THE DAY (23 May 2012): You gain STRENGTH| COURAGE AND CONFIDENCE by every experience in which you really stop to look fear in the face. You must do the thing you think you cannot do. - Eleanor Roosevelt

SUCCESS

Nice Job Tim

The new Apple boss was rewarded handsomely for taking over as CEO for the late Steve Jobs.

Tim Cook has been given a compensation package valued at nearly US$380 million.

The amount is likely to be among 2011's most lucrative compensation packages awarded to a U.S. executive.

2010's highest paid CEO was Viacom's Philippe Dauman, who received compensation valued at $84.5 million.

Cook's compensation included $900,000 in salary, $900,000 in incentive pay and 1 million shares of Apple (AAPL) valued at $376.2 million at the time they were issued.

Monday's closing price of $421.73 means Cook's 2011 stock grant has already gained more than $45 million.

Meet Tim Cook here

Also See: Tim Cook

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