Apparently that is one big bear that was shot in 2000-01 season in the Bristol Bay area.
The photo has been floating around for a while, and as was said earlier, has a different story attached each time.
According to the actual record books, both Alaska and Boone & Crockett - this bear is not a record, or was never registered.
The claim that the bear had already eaten two people is also false, according to the "people in the know".
Its definately a trophy animal, but I think there may be a little photoshop edidting going on here.
According to ADFW the largest bear harvested in recent years was a bit over 10.5 ft - still a formidable opponent.
I'll see if I can get a few more details.
Gotta love the web.