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Apple CEO Tim Cook's 2011 comp worth reaches $378 million

Apple CEO and Robertsdale native, Tim Cook, will receive compensation for 2011 worth $378 million, boosted by restricted stock awards that are payable over the coming decade.

This amount includes $376.2 million in shares that will vest starting in five years.

According to story found on Bloomberg.com, Apple's board offered Cook stock options to help ensure that he doesn't pursue other job prospects.

Read the complete story at Bloomberg.com

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