Apple CEO Tim Cook Earned $102 Million in 2017, Must Now Fly Privately for Security Reasons

[mebehere]

He’s so dreamy. I hope he puts his feet up on the flights.

Maybe he’ll fix my slow-ass phone while he’s up there.

Turd.

 

[Ramchi]

You mean he made Apple more of a fashion accessory rather than a substantial technology company that used to be revered in the Pro world? I understand that he has made a few good decisions but "Jobs being a disaster for Cook's era?" Really?! I think I would have loved for Steve Jobs to have lived long enough to smack Tim upside the head and say to him "What the hell were you thinking?!"

And, "done as a fine job as any CEO in American history, if not world history?"

Tim Cook probably far exceeded with his performance as Chief Financial Officer (may be THE BEST CFO in his era) but falling short quite a bit as a CEO of Apple(he could be still a successful CEO of other big organizations like HP, Accenture, IBM etc) though Apple still doing fantastic as a company making profits.

Probably, by the time TC took over Apple brand grew well beyond CXO names of Apple. Probably, he was lucky to be a well timed CEO.

 

[unobtainium]

people always complain that people who worked their way to the very top should make minimum wage so that others’ feelings aren’t hurt. It’s a whole participation ribbon thing.

It’s cute that you think the mega-rich “worked their way to the top.” Statistically, the vast majority inherited money and worked their way up from the top.

Also, it’s normal to find it obscene that Tim Cook is making $100+ million for pushing paper around while the hard labor in Apple’s factories pays an unlivable wage. To think otherwise is actually insane.

 

[Jaekae]

Remember how Jobs only took $1 a year for salary?

Maby Tim Cook is smarter guy and make sure his family get money for many many generations forward when he has the chance doing so in his only live once life

 

[ryanflucas]

In B4 all the libs show up to say “No one deserves to make that much money.”

I'm liberal and I don't think he's getting paid enough. Those executive should pull more then 24mil each too.

 

[MacsRgr8]

IMHO, all CEO of major companies should fly privately as they would cause all sorts of issues at airports (either by fans or opponents.... especially those of the political kind) and, of course, having such a position enables you to make use of the luxury not to have to fold yourself at the back of a jet-liner in cattle-class.

 

[0388631]

The Facebook bloke spends a small fortune for private security.

 

[Aussi3]

Tim is just testing the Apple plane coming soon in the pipeline of products

 

[fyun89]

Coming up: iPlane

 

[0388631]

The stalls are a feature.

 

[CarpalMac]

The Facebook bloke spends a small fortune for private security.

Well, when you go prancing around as if you are the new messiah, you increase the risk of running in to trouble...

 

[littyboy]

In B4 all the libs show up to say “No one deserves to make that much money.”

I'm all for CEOs making millions/billions, just not Tim. I feel like he's just the face of Apple and nothing else. I don't think he even has a skill.

 

[DeepIn2U]

Damn ... (in an Eddie Griffin voice mimicking Michael Jackson) 'Damn, that's a lot of money. Hee Heee'

 

[apolloa]

Wow so Apple doesn’t want to have a Human Rights committee!

As for the pay, disgusting considering I thought Cook claimed he didn’t pay himself anything, yet he got a base salary of over 3 million.

But if Apple want to dodge the tax on their company jets, I know a man who can help them, first name is Lewis...

 

[alexgowers]

In B4 all the libs show up to say “No one deserves to make that much money.”

You can be right or left and hold that opinion or the opposite. Such a thing does not predetermine you to a political extreme.

I think he deserves it considering how successful Apple has been and the tiny fraction of total profits are actually received by him. Yet I lean left? Go figure.

 

[scaramoosh]

What I hate is they all give themselves low salaries, then get loads more through tax avoidance schemes, then claim they pay their taxes...

Every CEO in the UK at least gives themselves a low salary, then gets loads of money from dividends and it's tax free.

Yet the rest of us have to pay for it and have our taxes upped...

 

[MobiusStrip]

In B4 all the libs show up to say “No one deserves to make that much money.”

Sad attempt to use labels you don't understand.

 

[vpro]

LMFAO ridiculous. How many millions upon millions of people are still hungry and without proper healthcare, housing and education ??? Maybe he's helping a lot of people end poverty and hunger for others, who knows ?

 

[djcerla]

Just like Cook, he made a killing on stock options.

Not only that. Those stock grants were backdated to increase their value. That was a plain fraud, and indeed the possibility that Jobs would lose his CEO role due to the SEC investigation was a pain point for the stock for years.

Not everything Jobs did was golden.

 

[Winni]

Remember how Jobs only took $1 a year for salary?

Remember that he already was a billionaire and a well-known face at the time?

 

[Piggie]

I think it's very cool Tim is personally, fully embracing the new look of their highest products design in a way so subtle that it's barely noticeable. Well done Tim

 

[profmjh]

In B4 all the libs show up to say “No one deserves to make that much money.”

I'm a liberal. I'll bite.

First off, it's very strange that conservative Americans seem to think that being a liberal is a bad thing. Almost by definition America is a liberal country. It's right there in the Declaration of Independence. And the Star-Spangled Banner. You know, the song you sing while you criticise principled people for taking a knee and exercising exactly the rights you're singing about.

Second, I loathe the use of the word "compensation" in this context. Compensation is something you receive when something bad happens to you. Being CEO of Apple is not a bad thing.

Third, Cook's "compensation" nauseates me. It is greed on an unimaginable scale. Apple makes vast profits on the backs of ordinary, incredibly hard-working people, who are paid tiny fractions of what the executives are paid. Maybe throw them an extra dollar an hour, rather than gorging yourself on cash.

Fourth, what exactly are the executives being rewarded for? Profits and stock price, presumably. Which seem oddly unrelated to — for example — the bug-fest that is iOS11. Or releasing the AirPods months after the iPhone 7 was launched and then taking six weeks to deliver them. Or running out of supply altogether at Christmas this year. Or just not releasing the Home Pod at all. Or bringing out a phone that can be charged wirelessly but not having a wireless charger ready at the same time. These are rookie mistakes. They are inexcusable for a management team that bloats themselves with money.

Fifth, why the hell does Ahrendts get paid more than a dime a year? What the hell does she do?

I've been an Apple fanboy for coming up to thirty years. I'm hugely brand loyal. But this kind of sickening greed is the sick face of capitalism. And one that will eventually bring America crashing back down to the ground. Greedy Americans are killing the goose that lays the golden eggs.

 

[Rogifan]

Wow so Apple doesn’t want to have a Human Rights committee!

As for the pay, disgusting considering I thought Cook claimed he didn’t pay himself anything, yet he got a base salary of over 3 million.

But if Apple want to dodge the tax on their company jets, I know a man who can help them, first name is Lewis...

Why does Apple need a human rights committee?

 

[DeepIn2U]

To put it simply, Tim can’t do what Steve does, just as Steve can’t do what Tim does either.

Steve is the ideas guy. He is great for coming up with great concepts and turning them into reality.

But as numerous companies have demonstrated, success is more than just having a great idea. You need to be able to make sufficient quantities and get them into the hands of as many users as possible. That’s where a supply chain guru like Tim Cook comes in, especially at the scale at which Apple is manufacturing today. Otherwise, you can forget about Apple selling 212 million iPhones this year.

Here’s an example of what Apple has accomplished in 2016. You need an enabler like Tim Cook to pave the way from a logistics perspective so it can happen.

https://www.aboveavalon.com/notes/2016/12/6/milking-the-iphone

Also a very good read and a fair assessment on what Tim Cook is responsible for.

https://www.aboveavalon.com/notes/2017/1/19/grading-tim-cook

I end with this.


In short, Tim Cook is no Steve Jobs, and that’s perfectly okay.

Do you really believe for a moment Steve couldn't do what Tim Cook has done with Apple during it's tenur?

Jobs negotiated his VERY own return to the company on the brink of bankruptcy,
Jobs convinced his long time rival (not unlike the likes of his best friend Larry Ellison) Bill Gates to contribute 5 Million US, and of NON-VOTING stock to help the company, as well as a 5yr gaurantee of MS Office Suite and updates to the MacOS 9.x onward.
^ This at a time using Art of War like tactics at Gates/Microsoft under 11 US States scrutiny of Monopolization and guerilla like business tactics.
- Some history here where Jobs directly negotiated Microsoft Office Suite along with Corel to be first class Office Suite apps on Macintosh computer circa 1983/1984.
Jobs negotiated to the Chairman of the board and the board that ALL members except 4 would be getting the KICK! This at a time where many shareholders signed off and gave UP on Apple!
^ find me one other CEO in THAT climate that was capable of doing this. I have one name ... John S. Chan (CEO of BlackBerry) and he did this with Siebel par for the course and quite frankly dispite just about everyone has pretty much done it again at BlackBerry bringing their stock up almost back to its 5yr high.
Jobs also pretty much changed Apple's end users to stop thinking about a zero sum game with Microsoft, well not really lol.
Jobs also re-wrote the book on Apple's business practices for sales, education, and marketing (Think Different campaign and their principles STILL done today)!
Jobs started the idea for Apple Retail Stores!
Jobs has several patents used by Apple several of which are in their retail stores.
Jobs brought the best talent at the right time along with keeping great talent - a lesson learned against his volatile youth from the golden era of Apple: "Several NeXT executives replaced their Apple counterparts when Steve Jobs restructured the company's board of directors." during the sale of Next to Apple.

Ive (Kept)
Avie Tevanian (MACH Kernel of Carnegie Mellon University); God-father of OSX pretty much!
Rich Page (hardware lead of the Lisa team)​

- Apple paid $429 million in cash, which went to the initial investors and 1.5 million Apple shares, which went to Steve Jobs.
Jobs ... 1997 as a consultant, then interim CEO, then CEO in 2000 earning his position!!

from an HR and human culture perspective ...

Jobs had experimented with some structural changes at Apple but at NeXT he abandoned conventional corporate structures, instead making a "community" with "members" instead of employees.

Jobs had experimented with some structural changes at Apple but at NeXT he abandoned conventional corporate structures, instead making a "community" with "members" instead of employees.[65] There were only two different salaries at NeXT until the early 1990s.[65] Team members who joined before 1986 were paid $75,000 while those who joined afterwards were paid $50,000. This caused a few awkward situations where managers were paid less than their employees. Employees were given performance reviews and raises every six months because of the spartan salary plans. To foster openness, all employees had full access to the payrolls, although few employees ever took advantage of the privilege.[65] NeXT's health insurance plan offered benefits to not only married couples but unmarried couples and same-sex couples, although the latter privilege was later withdrawn due to insurance complications.[65] The payroll schedule was also very different from other companies in Silicon Valley at the time: instead of getting paid twice a month at the end of the pay period, employees would get paid once a month in advance.[66]

Source: https://en.wikipedia.org/wiki/NeXT

Again ... designing and implementing his VERY OWN come back, sale of his existing fledgeling company, implementing his own company's OS as the next MAJOR OS of Apple, implementing payroll structure, equality structure (of which Tim Cook is VERY much apart of as many other Apple employees today - which wasn't in the past), revamping the entire BOARD after they approved his comeback (payback truly is a B here), and bringing the company WITH A TEAM into crazy profitability and back into relevance cannot be match by Tim if he even tried from Steve back in 1997 onward.

I can surmize ... that this is just a small part of what many here on the boards mean when they say "Tim Cook is riding on the coattails of Steve Jobs". Do you honestly believe considering all of this that Jobs could not cope and direct Apple in the last 7yrs vs Tim Cook doing so since 1999?
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Why does Apple need a human rights committee?

Well because various humans from all walks of life (faith, creed, backgrounds etc) work there and not everyone is paid in stock options. Like why does any company have a human rights committee? If Cook is going to go across the globe and talking about Human rights in terms of topics of news then his company should look inward.

 

[nexusrule]

Remember how Jobs only took $1 a year for salary?

Maybe the reason he did it's in the article itself?

In fiscal 2017, Apple CEO Tim Cook received a salary of $3.06 million plus $9.33 million in bonuses and stock worth $89.2 million for a total compensation package of approximately $102 million

He took 1 dollar for salary well knowing the salary was the smallest part of his annual earnings. Definitely a good move to fascinate suckers anyway.

 

[MH01]

The way he is milking the products and rolling in the profits, he should have a fleet of private jets.

Still at loss at why Angela gets paid more . When it comes to profits, Tim is doing a great job. The retail experience for me has become stagnant, not a bad thing , though it's just there....same old, at least they are not pushing me towards online anyway more, that direction was poor