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Excellent points! One would say Tim Cook's salary is undervalued and his yearly salary should be $50 Billion Dollars instead of
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Apple CEO Tim Cook Could Earn Nearly $50 Million in Compensation This Year
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I can only imagine what it would be like. You’d literally never stop working.
You’d have more money than you would even spend and basically always be on the clock.
Not commenting on he’s worth it or not.
But I don’t understand why Tim does this just say: hey I have enough money. Just give me $10mm and we’re good. Split the rest between the lowest paid employees as a special bonus. Cool?
But I don’t understand why Tim does this just say: hey I have enough money. Just give me $10mm and we’re good. Split the rest between the lowest paid employees as a special bonus. Cool?
Said the individual who can't seem to stop making juvenile & insulting comments to posters who disagree with Apple and what they do.
Eddy Murphy did a joke once where he said he asked Stevie Wonder why he was always smiling. "'Cause I'm rich, man."No wonder he is always walking around smiling. My heart bleeds for him with a 40% down salary
In Apple's case, stock buybacks are the best possible thing they could do with their excess cash.
You can't spend the money from the stocks until you cash them out, either. Until then, it's just a number in a computer.
Yes, if Tim had kids they certainly would not struggle getting through Uni financially.No wonder he is always walking around smiling. My heart bleeds for him with a 40% down salary
That's pretty much what happens to every company over time. It's impossible to retain the start-up approach forever.
Agreed! Tim may not be an innovator or visionary but he’s dedicated to operational excellence and he’s definitely operated Apple and its different elements with great success. Steve definitely knew that Tim would amplify the success he’d already laid out, and I think it was an intentional choice for Steve, because he wasn’t finished with what he’d started. The next CEO however will probably be the one that starts the chapter of the nee Apple, with new product ideas, potentially more risks. Even if it’s not an innovator at the top I see them being less cautious than Tim. Apple has always been premium but Tim has taken the brand far more premium whilst still trying remaining open to everyone. People on this forum complaining about profiteering but Apple are achieving similar margins to those before Tim’s reign.
You think that until you pay taxes and realize the pressure of the job isn't worth what you take home.
Not commenting on whether you're right or wrong but you don't know how much of his money he gives away privately.
No one "earns" $50M, they take $50M.
Stock buybacks are an obscene transfer of wealth from exploited workers to the elite.
There is no reason anyone should be paid $50-100mm per year. Period. CEO’s and their boards have gone insanely greedy. Giving some or even alot away is no appropriate remedy for the greed.
Well earned? Mac OS Ventura is an UI nightmare. The M1 and M2 MacBook pros are bricking because of a $3 controller. They employ slave labor and keep putting out well made out of date technology.
He did such a great job the USB C on the iphone 15 will be USB 2.0
Bingo. Look.at the Pay of the CEO of Nintendo. That's what a CEO looks like.
Well, the system broke back in the 1970's. Compensation stopped being tied to production. Production followed the exponential graph while compensation followed a linear graph. If compensation matched production, minimum wage would be $40-$50/hour today. Remember when a high school grad could earn enough to buy a house and feed a family of 4...on minimum wage? Now a college grad is lucky to find a job where they can pay off their student debt in 20 years.
We hear a lot from corporations, "No one wants to work." I ask, Is it easier to believe there are 150 million lazy Americans or that there are 500 greedy Americans?🤔
We hear a lot from corporations, "No one wants to work." I ask, Is it easier to believe there are 150 million lazy Americans or that there are 500 greedy Americans?🤔
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You’re not wrong
, but what stuck with me are quotes like this one:“One of your vacation home may be a 5 bedroom villa on acreage in Cabo, but that's not impressive. You own a private island? Starting to be cool, but it depends on the island. You just had dinner with Senator X and Governor Y at your home? Cool. But your billionaire friend just had dinner with the President. You have a new Ferrari? Your friend thinks their handling sucks and has a classic, only-five-exist-in-the-world-type of car.”
From (a good read).
If Steve Jobs had chosen Scott Forestall to inherit his mantle, then today's Apple would've likely continued Jobs's focus on innovation and making user-friendly tools. But instead, we are stuck with that mediocre MBA suit Tim Cook whose focus is on maximizing profits and pleasing shareholders.
Tim Cook gets his $100million this year. So that pay cut that Tim Cook got this year that got alot of attention and PR value, from $100million to $50million, meant nothing. Just as I thought it would. These obscene greedy individuals, such as Tim Cook, are mighty crafty. They just care about their own greed.