Meanwhile in many states most minimum wage earners make under $ 10 (NY = $ 9.00 after a "RAISE"and have to work more than San Francisco Retail employees.
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Apple CEO Tim Cook Earned $10.3M in Fiscal 2015, Up From $9.2M in 2014
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Every state and region should be different... the cost of living in Scranton PA, or Charleston WV, is very different than the cost of living in NYC or San Fran. However, $9 per-hour seems very low for NYC if that is accurate.
I do not see where he is the lowest paid...? His salary is twice that of every other executive. There does appear to be a significant number of stock awards to the other executives, but I would suspect that is to make up for prior Jobs led policy preventing distribution of large amounts of stock.
To be fair, it seems to me that this executive team is paid well, and fairly for the company performance and size. I wish other larger corporations were as fair about this stuff.
Are you sure they are the failures you are making them out to be?
The Macbook Air took 2 years to catch on. The iPad was mocked heavily when it was announced, from the name to it not running flash to a dozen other shortcomings. Even the iPhone took years to mature and wasn't the runway success people make it out to be.
Maybe these products will succeed. Maybe they will fail. But one thing's for sure - it's still too early to conclude yet.
Cordless isn't better. More convenient, yes. Better? No, not by a long shot. To some convenience translates into better but from a technical standpoint wireless rarely wins.
In short, companies should pay their employees a living wage. Not poverty wage.
They make $32 an hour because it's not hard to replace them. In other words, their skills don't demand higher pay.
How hard was it to replace Jobs? Could anyone step into Cooks' shoes?
Old news.
The global economy is imploding due to the crashing of the Chinese economy.
Apple at $70 a share in a year or so might be a great opportunity to get it cheap.
Hopefully Tim doesn't need to sell any of his options for his Clinton Foundation tithe.
For the record...
$57M / 560,000 shares earned = $101.79 per share (Tim)
$50M / 391,634 shares earned = $127.67 per share (Angela)
Is the reported share worth calculated using the share price at the moment it is earned? (for accounting purposes perhaps?) Cause otherwise that doesn't make any sense.
$57M / 560,000 shares earned = $101.79 per share (Tim)
$50M / 391,634 shares earned = $127.67 per share (Angela)
Is the reported share worth calculated using the share price at the moment it is earned? (for accounting purposes perhaps?) Cause otherwise that doesn't make any sense.
If you ask me, this executive team is paid too well.
I could understand these salaries if this was the Apple of 2010, but this is the Apple of 2015. The stock has plunged, the innovation isn't there, and the excitement (at least from me) has faded. I used to be very passionate and excited about keynotes, but that doesn't happen anymore.
I wouldn't be a very happy stockholder if I were holding Apple Stock. $30 plunge since last year? If I owned 500 shares of stock I'd be down $15,000 of my original $65,000 investment.
I can see why the stock has plunged. 2015-- iPad Pro (wow, so exciting yet disappointing at the same time), Apple Watch (worthless, overpriced investment for most people), No iPad Air upgrade, a disappointing iPad Mini upgrade, and an underwhelming Apple TV upgrade. The company has already peaked and has nowhere to go. Nobody is going to invest in a $75,000 Apple Car once that ever hits the market (if it does).
This whole executive team should be fired. Their watch and Apple Pay is moving way too slowly. They're cheap, they copy other companies instead of doing their own ideas, and they're eventually going to irritate the stockholders if the stock keeps plunging.
I could understand these salaries if this was the Apple of 2010, but this is the Apple of 2015. The stock has plunged, the innovation isn't there, and the excitement (at least from me) has faded. I used to be very passionate and excited about keynotes, but that doesn't happen anymore.
I wouldn't be a very happy stockholder if I were holding Apple Stock. $30 plunge since last year? If I owned 500 shares of stock I'd be down $15,000 of my original $65,000 investment.
I can see why the stock has plunged. 2015-- iPad Pro (wow, so exciting yet disappointing at the same time), Apple Watch (worthless, overpriced investment for most people), No iPad Air upgrade, a disappointing iPad Mini upgrade, and an underwhelming Apple TV upgrade. The company has already peaked and has nowhere to go. Nobody is going to invest in a $75,000 Apple Car once that ever hits the market (if it does).
This whole executive team should be fired. Their watch and Apple Pay is moving way too slowly. They're cheap, they copy other companies instead of doing their own ideas, and they're eventually going to irritate the stockholders if the stock keeps plunging.
Do you invest for the long term? And if you look at Apple's financials it's pretty clear that Apple the company's and AAPL the stock don't have a lot to do with each other. In 2015 Apple stock was down about 8% yet according to their 10-K filing for FY2015 they grew revenue 28% (compared to 7% for FY2014), earnings 35% (compared to 7% for FY2014) and EPS 33% (compared to 6% for FY2014). That 28% revenue growth represented $51B which is probably more than most Fortune 500 companies report for revenue in an entire year. In what universe does growing revenues $51B and profits $14B warrant a 8% drop in the stock price?
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=1452178519][/doublepost]
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=1452178616][/doublepost]I hope that's enough salary to pay for his nephew's education.
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
Minimum wage isn't meant to be a living wage. That's why they call it minimum. It's a way for students to earn spending money or save for school while they can still live at home. If you want to earn more than minimum wage, work hard and acquire skills that pay more. There are millions of open jobs(many of which are highly paid) that companies can't find qualified workers for. There's plenty of opportunity out there, people just have to work for it.
This is the same reason we shouldn't give out participation trophies/ribbons. Sets kids up to believe they deserve something just for showing up.
What are they going to do with it all? As Steve Jobs himself (possibly) opined in his final hours:
"...
Non-stop pursuing of wealth will only turn a person into a twisted being, just like me.
God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth.
The wealth I have won in my life I cannot bring with me. What I can bring is only the memories precipitated by love.
That’s the true riches which will follow you, accompany you, giving you strength and light to go on."
"...
Non-stop pursuing of wealth will only turn a person into a twisted being, just like me.
God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth.
The wealth I have won in my life I cannot bring with me. What I can bring is only the memories precipitated by love.
That’s the true riches which will follow you, accompany you, giving you strength and light to go on."
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Give me six months of his salary, if I can't do it just fire me (and leave me the $$$!)
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Yes and kill all the entry level jobs, increasing the problem of poverty and inequality.
$5/hour is not much, but that $5/hour job is the difference between life and death to a former inmate who's looking for workplace redemption, or for anyone trying to come out from poverty.
No company would give $20/hour to a felon or someone without experience/degree/history/credibility.
You want to help poor people? Find a way to encourage companies to contribute to skill-forming education (Certifications, Associate Degree etc).
yeap!
ok what's the new killer product or apple is gonna stick to upgrading the old ones forever?
There is an exception for fast food workers NYC is 10.50 and NY state is 9.75. $ 9.00 for all other labor.
(Jobs with tips is another category)
What is funny about all minimum wage increases is that when fast food workers get more money the fast food chains have to up their prices and the people who just got more money are usually the ones eating at those types of food places.
So, nothing gained.
Also strange is that Washington politicians can't even agree what the Federal minimum wage should be, so the states took over and are way ahead of what the Federal min wages are.
The same as always - the Apple ecosystem.
What do you think Apple is doing with services like Apple Music, CarPlay, HomeKit and HealthKit, as well as the Apple Watch? They all serve to lock the user to the iPhone, by making it the hub of his personal life.
The MacBook is there in terms of form factor. You just need skylake (which is intel's fault).
Apple is doing as Apple has always done - they get the experience and the form factor right, them iterate the heck out of their products. So yeah, expect many more years of updates to these products as they become more mature.
Upgrading old ones forever, plus dabbling here and there in new categories. If it was so easy to
launch killer products and game changers everybody would do it.
You can always launch your killer product that you have thought of.