Apple CEO Tim Cook Earned $10.3M in Fiscal 2015, Up From $9.2M in 2014

[TallManNY]

You all talk about Apple Retail employees like you've read about it in a book. They do put up with some serious ****, and considering that Apple says in it's Credo (Which every employee receives when hired) that Apple's most important resource is its people, you would think paying them more to put up with some of the crap customers throw their way. Not to mention most Retail employees make Apple so much money in sales it's disgusting to realize they do not get a commission.

All this coming from an ex-Apple employee. Feel free to ask me anything.

From what I've seen working retail stinks. I haven't done it, but my girlfriend has (e.g. banana republic, etc.) Seems awful. At the really low end, from what I read and the GF's experience, they want to keep you on an inconsistent schedule so you can't have a competing job that uses up your energy. They want you "fresh" for your 25 hours per week that they don't tell you when you are going to work until the day before.

 

[DEMinSoCAL]

Regardless of how big the company is, these salaries are outrageously over the top. Why do they deserve to be paid that much?

Because they have managed to convince people Apple products are worth the price they charge which amounts to over 50% profit on everything they sell. When you're swimming in other peoples money, why not?

 

[Braderunner]

Interesting that promoting Jony Ive to Chief Design Officer didn't require him to be a named officer of the company or have his salary reported. His salary has never been publicly reported with the SEC.

Give it up.
[doublepost=1452138736][/doublepost]

Angela is extremely overpaid. She manged to bungle both the Apple Watch and iPad Pro launches in the same year.

Don't forget the new MacBook. Wasn't even on display in many stores on launch day.

 

[Prof.]

And I suppose you think that the average Apple store employee salary in San Francisco is equal to the average salary across the country. I'm pretty sure it doesn't work that way. My guess is that in San Francisco the starting salary isn't much lower than $16 and most folks make much more than that.

Huh? I didn't assume anything, I was responding to a post. You must have replied to an incorrect post.

 

[Irock619]

Why is the CEO the lowest paid senior executive?

A good leader/CEO surrounds himself with people who are better than themselves.

 

[newlifer]

could someone please post the chinese salaries + the cost of the net to prevent them from suicide?

 

[MacBH928]

Why is the CEO the lowest paid senior executive?

any one answered this yet?

 

[MNJohn]

You are aware she was hired away from Burberry as their CEO right? She took them in 7 years from a $2B business to a $7B business and absolutely transformed their brand. She's a retail genius. She's done and amazing job with Apple retail and the new store designs she's pushing are amazing. Best $50M Apple has ever spent. Jeff Williams is in position to take over as Apple CEO were something to happen to Tim, but I wouldn't mind it to be her instead. She's the visionary leader that crazy loon Hilary Clinton could only dream about being.

Hey Captain,

Your post has converted me into a believer of alter universes.

 

[Bubba Satori]

any one answered this yet?

Post 131

 

[Nicky G]

The minimum wage in San Francisco is $12.25/hour.

Yesssss... and everyone is earning the minimum wage in San Francisco...

 

[Frosties]

For screwing up the Apple Watch launch, duh

It's not her fault the product that is an hobby fail due to bad market research what the customer want to pay for a watch you wear sometimes.

 

[jonnysods]

I wonder where you go to eat on an income like that?

Persona chef all the way baby!

Even with all Tims money he can't buy love, or a FREAKIN UPDATED THUNDERBOLT DISPLAY!!

 

[iisdan]

So he earned $28219 on average each day, including the day in which he approved a MacBook with a single USB port.
Well done, Tim.

Apple want's ports gone, they want to slowly faze it out, any sane person would admit cordless is better, and we won't get to that point until we are forced because people are scared of change.

 

[MacBH928]

A good leader/CEO surrounds himself with people who are better than themselves.

good argument but if IIRC, Tim Cook is the best of the current group. Thats why he was chosen out of the rest to be the CEO.

 

[iisdan]

Well done Cook, you release slightly different versions of the same product every year, and earn 10 mil, not bad.

Why don't you complain about car companies, or microwave companies, or PC companies, or Android Phone manufactures that all release a slightly different version of the same product every year?
[doublepost=1452144580][/doublepost]

Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.

being responsible for the decisions for most valuable company in the world which in turn is responsible for hundreds of thousands of jobs and could crash the economy if it went under > putting up with stupid customers

 

[Ron Johnson]

Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.

Ridiculous considering the location. Richest company in the world. Asking so much of its people, and rewarding them with subpar pay. They treat it like its not retail, but pay like it is.

True dat, although there are many people earning probably up to 50% LESS than $16/hour in San Fran.

Probably are, however they aren't working for the richest company in the world. Nor do they have the talent, and educational background these employees have.

You all talk about Apple Retail employees like you've read about it in a book. They do put up with some serious ****, and considering that Apple says in it's Credo (Which every employee receives when hired) that Apple's most important resource is its people, you would think paying them more to put up with some of the crap customers throw their way. Not to mention most Retail employees make Apple so much money in sales it's disgusting to realize they do not get a commission.

All this coming from an ex-Apple employee. Feel free to ask me anything.

It isnt even about paying them more to put up with crap. Its the fact that they go through 4+ interviews, need a certain skill set, have a lot to learn, are asked so much everyday and work for the richest company in the world. There are people who sell over 1 million dollars a year in products and are compensated at 14$ an hour. People sell more in accessories than they make a year.

It would be hard to give them commission considering all the non sales positions. However, you look at At&T and Verizon employees making 13$ an hour and commission and netting around 45-50k and doing the same job (or very similar).

This is causing a serious problem in lack of knowledgable sales staff across all apple stores. You now have to almost be stupid to stay there more than a couple years. What is the most bothersome is that the company can afford and should pay the retail employees more.

However its not a problem to spend 2 million to remodel a store, or pay someone 500$ for 30 minutes to paint the screws on a door, Or whatever it costs to personally drive and deliver each and everyone of the tables in every store. Point being EVERYTHING is world class except the employees pay and there is not a single excuse for it.

Lastly, before anyone says they have a choice and can leave.. Well many of them do, which is not always a good thing.

 

[iisdan]

Regardless of how big the company is, these salaries are outrageously over the top. Why do they deserve to be paid that much?

One mistake and the most valuable company could come crumbling down along with millions of jobs and the economy. Thats a big weight on someones shoulders and you would have to be mad to take anything less.

 

[Larry-K]

Damn! That's a LOT. Wonder why it's so high?

It costs a lot to be poor in San Francisco.

 

[ConsultingJoe]

damn he could be my sugar daddy. lol

 

[SusanK]

You all talk about Apple Retail employees like you've read about it in a book. They do put up with some serious ****, and considering that Apple says in it's Credo (Which every employee receives when hired) that Apple's most important resource is its people, you would think paying them more to put up with some of the crap customers throw their way. Not to mention most Retail employees make Apple so much money in sales it's disgusting to realize they do not get a commission.

All this coming from an ex-Apple employee. Feel free to ask me anything.

My experience with Apple retail employees has been positive for the most part. I agree retail employees are subject to some unnecessary abuse from customers on occasion. I was in the Apple store a year or so ago and one customer was so ugly to an employee that I stepped up and asked him not to speak to her that way. He was using profanity and calling her out of her name.

I supervisor came over to deal with him. The young lady he abused verbally was in tears and I was trying to comfort her. My heart went out to her. He was really over the top.

Hopefully this is not a frequent event. We (customers) can be crazy. I will never understand the logic of speaking harshly to a store employee. Why would that person be inclined to accommodate you?

After the matter was resolved the supervisor sought me out and thanked me for intervening on the staffers behalf. He jokingly offered me a position. I declined explaining that I would be fired as it was all I could not not to ask the abusive customer to leave.

 

[witherwings]

Don't complain about San Francisco 12$/hour... The country where I am living, nurseries receive only 4.5€ per hour and McDonald's workers 5€. That's not even enough for a meal... And our minimum wage is only 550€ per month excluding taxes discounts... And don't say my country is cheap, this is Europe, where we have to pay European high taxes and Apple prices are a joke here, (e.g. iPad Pro 32GB Wifi costs here 939€, that's 1020USD..)

 

[Meister]

Good for him!

 

[chr1s60]

Meanwhile, Apple Store retail employees, who puts up with the most crap of anyone in the whole company, makes $16 per hour in San Francisco.

And this is different than every other major retail company on earth how?

 

[Mr Fusion]

Don't complain about San Francisco 12$/hour... The country where I am living, nurseries receive only 4.5€ per hour and McDonald's workers 5€. That's not even enough for a meal... And our minimum wage is only 550€ per month excluding taxes discounts... And don't say my country is cheap, this is Europe, where we have to pay European high taxes and Apple prices are a joke here, (e.g. iPad Pro 32GB Wifi costs here 939€, that's 1020USD..)

Not only that, but people speak of San Francisco as if it's a place where the local indigenous population is struggling to survive... Let's get real, no one is originally from San Francisco anymore. Those folks left long ago when it became an artificially inflated investment property market for foreigners looking for ways to launder cash from whatever "business" they're stealing from back home. The city by the bay is overwhelmingly a place where people voluntarily chose to move to because they like it. Below-average salaries are part of the sacrifice.

Cities, just like corporations, will feed off peoples blind desires and take financial advantage wherever possible. Apple + San Francisco are two great examples.

 

[Arndroid]

And I suppose you think that the average Apple store employee salary in San Francisco is equal to the average salary across the country. I'm pretty sure it doesn't work that way. My guess is that in San Francisco the starting salary isn't much lower than $16 and most folks make much more than that.
[doublepost=1452135813][/doublepost]This is the part that I find most amazing:

"Earnings per diluted share were at $9.22, up 43 percent from 2014."

Wow. And the stock is currently trading at 11 or so time earnings. Wall Street is not just predicting slowing growth. It is predicting the company going from meteoric growth rates to negative growth starting this year and frankly this quarter. There is no other way to justify the current $100 stock price. Revenue has to not just grow slower, it has to drop. And yet last quarter was a huge growth quarter, like basically every quarter before it for every year since the iPhone.

Wall Street is placing a huge bet. Millions of shares of Apple are being sold daily at prices that will be laughable if 2016 growth is even remotely close to 2015 growth. But that is the price the stocks are selling at. The market has clearly spoken.

Apples stock has been undervalued since the iPhone came out. It's x earnings have been lower than it is now many times in the past, for extended periods of times.

What is funny is Apple stock is undervalued by probably 100%. There is no rhyme or reason for the valuations of so many companies now. I think Apple's growth rate and growing size have perpetually been stifling its valuation simply because investors are afraid and in unchartered territory.