Wall Street up on banks, housing data

NEW YORK (Reuters) - Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the road to recovery. But gains were capped as Facebook shares lost about 20 percent of the online social network's IPO price in just two days following its market debut, and as a downgrade on Japan from Fitch heightened concerns about the global economic growth. The S&P 500 financial sector index was up 1.6 percent. Bank of America Corp rose 3.4 percent to $7. ...

Tim Cook

Tim Cook made $378 million in 2011, more than any CEO in all of America and a little of it had anything to do with his performance. In the Wall Street Journal's annual ranking, Cook leads the second-highest paid chief by about $300 million, with Oracle's CEO Larry Ellison coming in at $76.01 million. Most of Cook's compensation, however, does not come from his salary. That only (only?) brings him $900,000 a year. Most of it comes in the form of stock options, for a stock that his predecessor built.