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

[typecase]

Arhents' addition to the executive team is perhaps the biggest mistake and waste of money. She's ruined the company store in Cupertino, and I don't feel at all like Apple's retail brand is more valuable now. Since her arrival I rarely want to pop in to the Apple store to see the new products.

 

[rumorsdan]

Proof that the products are over priced.

 

[Blujelly]

Proof that the products are over priced.

like many other things in life

*EDIT* pretty much any product sold you could say is over priced, its what the markup is for

 

[MillieWales]

Why is the CEO the lowest paid senior executive?

CEO's often are not he highest paid person, you bring in a team of people and pay what you need to pay to do the job. He's hardly poor, it shows he's not just in it for the money. Tim could easily argue his case to the board that he should get a salary of many multiples of last years earnings, his justification is easy - look at the bottom line on the financial reports.

I have managed a few companies and a charity, in each case I paid others more than my salary, with the charity I didn't want to draw a salary. I have always paid people what they deserve to be paid, that also means if you don't do your job well enough you no longer have a job.

 

[peterdevries]

Why is the CEO the lowest paid senior executive?

His performance based compensation is higher than the rest (see the share options he received). It is a stronger incentive than a straight base salary. In addition he could have imposed a cap himself if he thinks 10 Million is enough. Steve Jobs did it too. He worked several years for 1 dollar compensation, although he did not let go of his options of course. So, he still earned millions in the end when he sold small portions of his shares.
[doublepost=1452156338][/doublepost]

Proof that the products are over priced.

If that were the case then consumers would not buy them. But Apple just had its best year ever... I guess you see what I mean.

 

[Roykor]

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.

Or, you try to create your own business, sharpen your skills in something and make more. At some level, its all up to yourself right?

 

[pacalis]

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.

I think you two just set up an exponentially decreasing function.

i.e. If Cook surrounds himself with Ahrendts, but she's bad. Then he's worse. So she's worse...

Which explains...

If that were the case then consumers would not buy them. But Apple just had its best year ever... I guess you see what I mean.

...why I'm down 7% on Apple stock year on year... What are you talking about PeterDevries?

 

[Jsameds]

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.

Do you have any idea how business works?

 

[peterdevries]

...why I'm down 7% on Apple stock year on year... What are you talking about PeterDevries?

I'm down even more because I bought leveraged constructs with Apple as an underlying. But I wasn't talking about AAPL as a stock but Apple as a company. What I'm talking about is that Apple had its best year ever with highest revenue and profit, because it sold a lot of products. Hence the products are not overpriced.

 

[diipii]

Apple CEO Tim Cook's compensation for fiscal 2015 was $10,281,327, according to a newly released SEC filing. That breaks down to a salary of $2 million, non-equity incentive compensation of $8 million, and other compensation of $280k. Cook earned approximately $1 million more than he did in fiscal 2014, when he brought in $9.2 million.

Last year, with stock awards and hiring bonuses, Apple retail chief Angela Ahrendts earned $73 million, but in 2015, her compensation was $25.8 million, in line with other Apple executives, all of whom received $20 million in stock awards and $4 million in non-equity incentive compensation in addition to their $1 million salaries.

Senior executives Bruce Sewell, Dan Riccio, Eddy Cue, and Luca Maestri all earned more than $25 million in 2015, numbers that do not include restricted stock units that vested in 2015. Over the course of the year, Tim Cook received 560,000 shares of stock worth over $57 million, Angela Ahrendts received 391,634 shares worth $50 million. Eddy Cue, Dan Riccio, Bruce Sewell, and Luca Maestri also had shares worth between $11 million and $38 million vest.

Under the guidance of Tim Cook, Apple had another record year, generating $233.7 billion in sales, an increase of 28 percent over 2014 and a new high for the company. Earnings per diluted share were at $9.22, up 43 percent from 2014. According to its October forecast, Apple expects to continue its record earnings streak into 2016, with projected revenue between $75.5 and $77.5 billion for the first quarter of 2016.

Apple will announce its earnings for the first fiscal quarter of 2015 on Tuesday, January 26. MacRumors will provide live coverage of both the earnings release and the conference call.

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

[doublepost=1452162290][/doublepost]I have just been looking at Cook's photo. My God what a smile. My point is what sort of person does a giant conglomerate need to be its head officer. Just how human do they have to be? Just how sincere do they have to be? Just how in touch with people do they need to be? Could an app do the same job?

 

[threesixty360]

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.

There are millions of people who could work in Apple Store retail no problems. There are probably less than a handful of people who could even begin to do Cook's job and given his track record, none that could better him.

So your point is?

 

[Kajje]

Now you guys step it down a bit.
His wage is just 2,000,000. He probably has to feed his wife and kids from this sala...oh wait...

 

[newlifer]

from a serious investor point of view: the smartphone bubble is on the way. even if they offer wireless charging, waterproofing, digital scale for the wall street execs, (you know for what) nothing has changed over a decade and people are going to get bored. they cannot sell us a new iPhone every year forever. they also destroy the environment.

sales have shown that every single new product is a failure. I've also read that we are very far from the real self driving car in urban streets & they're gonna bite the dust of elon musk. I believe in young founders, this board is full of elderly white people.

 

[thekeyring]

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.

Get over the one port thing.
[doublepost=1452165265][/doublepost]

from a serious investor point of view: the smartphone bubble is on the way. even if they offer wireless charging, waterproofing, digital scale for the wall street execs, (you know for what) nothing has changed over a decade and people are going to get bored. they cannot sell us a new iPhone every year forever. they also destroy the environment.

sales have shown that every single new product is a failure. I've also read that we are very far from the real self driving car in urban streets & they're gonna bite the dust of elon musk. I believe in young founders, this board is full of elderly white people.

Absolutely out of touch with reality.

Every single new product has been a failure?

 

[newlifer]

Get over the one port thing.
[doublepost=1452165265][/doublepost]

Absolutely out of touch with reality.

Every single new product has been a failure?

apple watch? apple TV? extra battery for 6S? are you sure they are successful?

 

[Jsameds]

apple watch? apple TV? extra battery for 6S? are you sure they are successful?

Do you have the sales figures for those products? Because you said "sales have shown that every single new product is a failure."

 

[thekeyring]

Yea I could never understand the whole Forstall thing, big mistake.

If rumours are anything to go by, it looked like Cook had to choose between Forstall and Ive.

You think Tim Cook choosing Steve Jobs' 'closest friend', his 'spiritual partner' who Jobs reportedly never had to explain design things to, but who just 'got it' was a mistake? Or should he have picked the man who was head of iOS when Maps was released yet refused to acknowledge the mistake?

 

[newlifer]

Do you have the sales figures for those products? Because you said "sales have shown that every single new product is a failure."

yeah, you're right I don't have sales figures just personal judgement & observing. what is successful? the iPhone, the iPad, macbook pro. can they do as good with a new product? I doubt

 

[thekeyring]

apple watch? apple TV? extra battery for 6S? are you sure they are successful?

We've seen no sales figures for the watch - which we were told we weren't back in 2014. Rumours indicate it sold many millions and customer satisfaction is >90%. Its got a majority market share in terms of smart watches, and has caused high end watch makers to dabble with smart watches. It's not mainstream yet but neither was the first-gen iPod, and the first iPhone got a huge price cut months after its release. The worst you can say about the watch is 'it's too soon to tell'.

Apple TV 4 is so new I'm amazing you've decided it's a failure. It hasn't even made it to the 4 month mark. I got one for Christmas and absolutely love it, much more than I did the iPad I bought a few years ago, which I now don't use.

What about every other iPhone, iPad and Mac that wasn't released under Steve Jobs' rein as CEO? Or are we pretending the retina MacBook Pro, the 5K iMac and iPhone 5, 5S and 6 were all failures?
[doublepost=1452166714][/doublepost]

yeah, you're right I don't have sales figures just personal judgement & observing. what is successful? the iPhone, the iPad, macbook pro. can they do as good with a new product? I doubt

That's just perception. If they'd said 'Steve Jobs knew about the watch, We've been working on it since 2010' there wouldn't be the doubt there is now, even if the product was the same.

 

[Silver78]

Work 10 years retire as billionaire ...You buy some houses and a prius then what... Destroy your kids with the rest?

 

[Gudi]

You think Tim Cook choosing Steve Jobs' 'closest friend', his 'spiritual partner' who Jobs reportedly never had to explain design things to, but who just 'got it' was a mistake? Or should he have picked the man who was head of iOS when Maps was released yet refused to acknowledge the mistake?

Jony Ive was Jobs spiritual partner in hardware design only, not software interface design. Steve Jobs was a devoted skeuomorphisict. Maps wasn't a mistake. It just needed some time to correct the database. Now it's just fine, as it was foreseen. And in my opinion Apple Maps has become better than Google Maps.

 

[szw-mapple fan]

"Angela Ahrendts received 391,634 shares worth $50 million"

Ugh. Srsly? Like for why?

Maybe a signing bonus to get her to Apple from Burberry.

 

[TallManNY]

[doublepost=1452162290][/doublepost]I have just been looking at Cook's photo. My God what a smile. My point is what sort of person does a giant conglomerate need to be its head officer. Just how human do they have to be? Just how sincere do they have to be? Just how in touch with people do they need to be? Could an app do the same job?

Someone has to make the final decision. A CEO who makes bad decisions can undo the work of the rest of the Company. Things like this get debated by Apple. Should we take $20 billion and buy Yahoo to improve our software, search and web position? Tim Cook has decided not to buy Yahoo and instead is keeping that money in cash. Prudence like that might be worth billions to Apple.
[doublepost=1452170519][/doublepost]

Maybe a signing bonus to get her to Apple from Burberry.

That is what it is. She had to leave unvested and valuable shares at Burberry when she left.

 

[Rogifan]

Jony Ive was Jobs spiritual partner in hardware design only, not software interface design. Steve Jobs was a devoted skeuomorphisict. Maps wasn't a mistake. It just needed some time to correct the database. Now it's just fine, as it was foreseen. And in my opinion Apple Maps has become even better than Google Maps.

Says who? This is what Jobs told Walter Isaacson:

“If I had a spiritual partner at Apple, it’s Jony. Jony and I think up most of the products together and then pull others in and say, ‘Hey, what do you think about this?’ He gets the big picture as well as the most infinitesimal details about each product. And he understands that Apple is a product company. He’s not just a designer. That’s why he works directly for me. He has more operational power than anyone else at Apple except me.”

When Steve was CEO HE was the one who oversaw UI design. From what I've read, Greg Christie who was Apple's VP of interface design essentially reported directly to Steve. Just because Steve loved skeuomorphism doesn't make it superior to anything else. I'd say the same if he had been a lover of so-called 'flat' design. Steve Jobs' opinion isn't the only word on design. As far as maps go, who cares what the UI looks like, who cares about flyover and 3D if the underlying data is crap? That was the problem. Had Forstall gone on stage, been really humble and announced maps as a beta product people may have been more forgiving over data issues.

 

[lowendlinux]

I think Cook's worth the money..

I think folks should let the hate of Ms. Ahrends go, she's there for a reason that none of us are privy to and because you don't like the changes or lack of them doesn't mean her bosses don't.