CUPERTINO, CA - OCTOBER 20: Apple COO Tim Cook speaks during an Apple special event at the company's headquarters on October 20, 2010 in Cupertino, California. Apple announced a new version of it's iLife suite and is expected to announce a new operating system for its Mac computers. (Photo by Justin Sullivan/Getty Images)
Apple chief executive Tim Cook was paid $378 million in 2011, making him the highest paid CEO of a publicly traded company in the Bay Area, according to reports.
Cook beat out Oracle chief Larry Ellison's $77.5 million, according to the San Jose Mercury News. If $378 million sounds like a fantastic number, it is. Cook's actual take-home salary is $1.8 million and the rest of the money is tied up in 1 million shares of Apple stock that will vest in 10 years.
Similarly, Ellison's take home pay is $14.9 million, with $62.6 million in stock options. Nonetheless that number still dwarfs the median $3 million salary for most Bay Area CEOs -- a 7 percent increase from $2.8 million in 2010.
Others included No. 9, Intel's Paul S. Otellini with $17.2 million; No. 10 HP's Meg Whitman with $16.5 million; No. 11 John J. Donahoe of EBay with $16.5 million; No. 13 AMD's Rory P. Read made $15.6 million; and No. 16 Cisco's John T. Chambers, who made $12.9 million last year..