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That's allot of money and his family will want for nothing...

except for their daddy to have been around when they were growing up!

There are always trade offs!

Being there for my girls everyday is what I placed the highest importance on in life.

I guess his kids and grandchildren will have it both ways due to his sacrifices! That's allot of money to pass down to his children!

Pretty sure he has no children...

He is a man of extremely great work ethic, so much to the point where he is the first man in the office, last one out. His work day starts before the sun rises -- on the east coast. That's what he likes doing, it's what he chooses to place high importance on, and there's nothing wrong with that. In essence, Apple is his "family" and he's doing everything he can to make sure it thrives.

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Not to hijack the thread, but Tim isn't "the marrying kind".

That's a good way of phrasing it.
 
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Apple share is only 383 dollars now, but this share is not stopping anywhere.
Apple has a very good chance of becoming the 1st trillion dollars company. Some analysts are calling that they will be the 1st two trillion dollars company.

Apple is going 1000 dollars as long as they can continue with their momentum. They have to hit hard in China and release iPhone on every major carriers in US. Plus, they have to release cheap iphone and allow it to be used on pre-paid phone.

Next year, everyone is going to buy iPhone for LTE and buy iPad for retina display again and more.

This company share is going to hit 500-600 dollars next year. Maybe higher.
 
$383 Million in present value [restricted shares take years before they are unrestricted] is .108% of the Market Value of Apple.

Apple went from folding house to $355.61 Billion in value.

A very large reason is Tim.

By the way, back in 1996 6 million shares of common stock options were granted to various folks in Engineering, Professional Services, Middle Management, etc., when the stock was $10/share.

The stock went to $120 before splitting, then back down to $20 before skyrocketing back up to $400/share.

If you chose to never invest in the several years the stock was low, then you have no one to blame but yourselves.
 
This guy has it made.

Upon accepting that he has to work for at least 10 more years.

That means at a salary of $58Million/year, salary alone he will have $580Million plus 1Million shares currently at $383.53.

Assuming the company is prosperous then this guy will definately be slated to make well over a billion by 2021.

Imagine how much if they was a stock split and the price by then raised 3%. DAMN.
 
Tim deserves it, he is the CEO

How could anyone "deserve" a 3rd of a billion dollars? What could he possibly be doing with his days that justifies that? I wouldn't want to deny it to him, I am not a raging socialist or anything, but to say he deserves it? I don't get it.
 
Absolutely outrageous, and if any other PC company did this, the fanboys would be outraged. It is so improper, and apple's shareholders should be ashamed of this. We are in a recession.
 
this country is making the super rich, so super rich, it's like their living on another planet. When I worked at apple as a scientist I was paid $45,000/year. I currently work for a start up because they pay me $55,000/ year, with just .00001 % of his bonus I could get out of my apartment and get a small house. What a joke ! a cruel cruel joke.

No modern republic has EVER survived for all that long with the income disparity we now see in America. None. Cook is vastly underpaid if you put him on the list of the biggest salaries in America, where the top few percent own 80% of the wealth.
Gonna be a big explosion one day. Book it.
 
It's not a signing bonus.

It's essentially a signing bonus. He's guaranteed those shares and he's been CEO a couple days. Sure he has to stick around to get it, but whatever. And if he's a good CEO, that'll be a signing bonus of a couple hundred more million in 10 years.
 
It's essentially a signing bonus. He's guaranteed those shares and he's been CEO a couple days. Sure he has to stick around to get it, but whatever. And if he's a good CEO, that'll be a signing bonus of a couple hundred more million in 10 years.

I wish people would educate themselves with the proper terminology. A signing bonus is explicitly for new employees.

Cook has been with the company for thirteen years. He is not a new employee, therefore, it is not a signing bonus.
 
There are probably a lot of companies that would pay a lot for his services...sometimes you have to pay up to keep the best.

And if a major chunk of that salary is based off of the performance of the company that he helps maintain and grow, then by all means he's worth it. A person is worth whatever someone wants to pay them. Who's to say his contributions to Apple since he came on board isn't worth $58 million to Apple? And the job title bump and stock award isn't motivating enough to keep doing well for Apple for the next 8-10 years?

Alex Rodriguez may not be worth $30 million this year to 29 baseball teams, but there is one rich team that can afford it who thinks he's worth that amount of money to them. I can't stand the guy, but I'm not going to blame him for taking home a lot of bacon (mmmm...bacon) for being a world class douche who does his job pretty well for the most part on the field.

Do I personally feel I'm worth more than the $1,500/month I get from MLB? Yeah, but I'm also trying to build up a career to make myself worth something much more to whatever company feels I'm worth it to them, MLB or elsewhere.

Sorry for rambling. :apple:
 
Placing a present value on a Restricted Stock Grant is a little more complicated than simply multiplying $383 x one million.

For one thing, there is the Time Value of Money. What is worth more, a hundred dollars right now, or a hundred dollars six months from now? Obviously, the further out the payday, the more the present value is diminished.

Secondly, one needs to factor in the Volatility of the Stock involved. Some companies have shares that remain relatively stable, even over long periods of time. Others don't.

It is certainly within the realm of possibility that Mr Cook's share grant, by the time he is eligible to sell them, could be worth a billion dollars. They could also be worth zero (ie. Apple could go bankrupt.)

The good thing is, Mr Cook will have the best possible incentive to do everything he possibly can to see that his ultimate payday is much closer to the former number, rather than the latter.
 
If what you should make is based off of your knowledge and education how is it that all those athletes make so much money? I hate to say it but you kinda sound like someone who has never really done a real hard day of work. Work is work and is completely equatable weather it's done with the mind or the hands. A police officer probably just as hard as Tim will this year and keep safe, hell a few will even die keeping people safe but they're not doing as much as him right? Because they're not really using their heads. Linemen are the same working hard to keep your lights on and some while die while on the job this year, keeping your lights on. But they're not really working either since they're not using their heads. If these people that weren't using their heads picking up trash finally realized that they weren't really working because they're "dumb", I'm sure you would be complain about the stench.

Athletes are not paid appropriately. Payment is generally tied to how much value you can make for others, and how scarce your skills. Manual labor is not scarce, and has low qualifications. Even skilled labor and trade work is not that well compensated even though they provide a lot of "real" work. Raw labor and trades are unfortunately paid poorly because it is relatively easy to find and does not make more money for clients. Same goes for teachers. I am sad to say it, but jobs like linemen and cops can be filled a lot easier than an athlete that is required to perform at a certain level to win games and thus make advertising money.

Entertainers are sometimes highly skilled, but often not. Yet they can still get paid lots of money because other people, and even entire industries, can make a lot money off of them...even though they contribute very little to the functioning of society besides gossip and occasional entertainment (most of which sucks)

When it comes to doctors or CEOs, some (not all) have very rare talents and minds that can make decisions in ways others would not be able too. People like Jobs, Gates, some surgeons etc can do things other people can't, and take responsibility for calls other people would not. And they make the right calls. That's why they get paid. Now whether 300K a year for repairing hearts, lungs, cracking chests and giving potentially dangerous medication vs $38m for steering a billion dollar company is fair, well, thats a different topic. But there is more to "how much someone gets paid" than "a hard days work".

Obviously in all these cases are exceptions, this is just my general view on payment. In a perfect world, skilled and manual labor would be paid better in general, while (some) entertainers and (most) athletes would be paid less in general. Unfortuntately entertainment and advertising are a big source of income, not infrastructure. But when it comes to people who use their brains at work, well a brain with years of experience in a high stakes complex field is a hard thing to replace.
 
I thought I read that Cooks get paid $40k a year in salary. Yeah, that's 40k times more than what Jobs get paid. But he's an employee afterall, Job's the founder. You don't really need to be paid to take care of your baby, do you?

Cooks did get 5xM in compensation last year, most in stock/option/RSUs, which either do not vest immediately and/or is highly performance based. Theoretically if he bankrupts Apple he gets ziltch, nada, nothing.

So you have to be able to steer this multi-B company to right direction to make this $. Anyone on the board bitching and whining able to make more money for Apples than Cooks can, is welcome to be CEO of Apple for $40k a year. Yes you will potentially get 150M in 5 years, but you might get nothing but 40k a year. You probably work 19 hours a day with occassional mid night calls, but that's ok, right?

Whiners get a life. Long AAPL.
 
I'm afraid Apple going to rise up their product price again :(

You know, Steve literally don't get paid when he was CEO (although he already rich as hell) .. now Tim replace him, he wouldn't be happy with $1 on his CEO paycheck.

Oh .. well .. Steve not only brilliant, he cut some expenses too for Apple :apple:
 
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