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

[BoxerGT2.5]

Apple gave him what they felt he was worth, it's really that simple.

 

[Glideslope]

Jobs was also a billionaire because of the stock he owned. So apples/oranges comparison.

No, Visionary/Corperate Hack comparison.

 

[ValO]

They had a good year, but.., at the end they screwed up.
For next year:
-drastically improve siri
-bring out the homepod with improved siri and i hope third party app support like spotify, pandora, etc.
-release airpower and wireless charging case airpods for a decent price and do it fast!
-don’ t screw up with software updates as much as they did last year.
-drop the current x with $100
-drastically lower repair prices of a shattered back of an iphone x.
-release an iphone xs for around $100 less than current iphone x and please let it have a ceramic back instead of shatter glass.
-release a iphone xs plus for the same price as the iphone x is now(also with ceramic back).
-release an ipad pro model without touchid and smaller chin and forehead.
-release a great macpro
-release an updated macbook pro but with the option of 32 gb.
-but most important: deal with the battery and soc trottling isue, crawl through dust, offer battery replacements in some cases, make it transparant, handle it with dignity.

Just my 2 cents...
If they fix these issues, Tim Cook, can have twice as much money in 2018. I don’ t care...

 

[MH01]

You said Apple was milking its products. How can that be possible unless Apple customers are a bunch of iSheep who will buy anything the company releases?

They are not taking risks..... playing it safe with what jobs left them with, aka Milking the established products

 

[citysnaps]

My apologies for assuming you were capable of understanding my post..
And the word ‘love’ was the usual iOS 11 attempt at correcting a typo, just like your word ‘comping’? What the hell do you mean by that? Is that a foreign language to English?

Also you have no clue about history either, Jobs wasn’t some millionaire born with a silver spoon in his mouth, perhaps you should research more before you post eh? And stop making assumptions that make you look arrogant.

"Also you have no clue about history either, Jobs wasn’t some millionaire born with a silver spoon in his mouth,"

I have no clue? Speaking of assumptions... I imagine most people here know that. And how is wealth came to be, and that it wasn't in place when he started Apple in the 1970s. Perhaps you should acquaint yourself with how that occurred.

I understand. You are not willing to own your mistakes, but are free to hold others to a standard you are not willing to hold yourself to.

 

[ZapNZs]

I'm a liberal. I'll bite.
...
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.
...
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.

I don't consider myself to be a liberal, but when executives make a comically ridiculous amount of money while their employees struggle to pay for basic life necessities, this nauseates me too.

When I was in high school I worked part time at a (now-defunct) video store. One of the managers was diagnosed with a pretty serious medical condition. She couldn't afford to pay the medical premiums/copayments with the crap health insurance and crap wage through the company, and so she self-medicated her way right up to death. I think she was making about $10 an hour. The CEO made about $45 million in compensation that year. Ain't that the feel-good story of the century?

 

[citysnaps]

I'm an AAPL shareholder, and I gauge the success of Apple by various metrics for my own benefit while deciding whether I should continue to hold my position in AAPL, if I want to invest more in AAPL, and when I should get out of AAPL. I've been long in AAPL, but I do not want to become complacent.

My personal observation since Steve Jobs passed away is that Apple retail has become mediocre and arrogant. I feel this personally every time I visit Apple stores. It gives me no joy to experience this because this is a bad trend for any company, but especially for Apple. In my opinion, working for Apple should be a privilege. Apple should be getting the best talent in engineering, in design, and in retail. To get the best talent, Apple must offer the best salaries. Not just competitive salaries. Not just marginally better than the store next door. Significantly better salaries for significantly better people.

Unfortunately, this has not been Apple's policy lately. Visiting Apple retail makes the same impression on me as visiting Starbucks (which I almost never do anymore). Just like Starbucks has become glorified fast food, Apple stores are now glorified BestBuy. This is not good for the brand, and neither this is good for the future of my AAPL portfolio. I'm strictly speaking here as a shareholder. In my opinion, it would be good for shareholders if Apple paid their retail employees livable wages so that those who do not aspire to be engineers can think of working in Apple retail as their careers rather than treating their jobs as just a retail job that helps them get by.

I do not see any pride in having an Apple job or humility toward customers in Apple retail employees anymore like I saw a decade ago. All I see is a bunch of rude and arrogant retail clerks who make 1/10 of what I make, know 1/10 of what I know about Apple products, but yet treat me as though I should be thankful to them for their very existence when I visit an Apple store. I see a lot of complacency and arrogance from the Apple retail. I am not exposed to Apple engineering, but I see a lot of similar attitude from Apple Care nowadays. I think this culture of complacency and arrogance has permeated the entire company.

Steve Jobs had a right to be arrogant. He was the founder of Apple, and he was the visionary that drove Apple to its current heights. Tim Cook has no right to be arrogant. He is just a bean counter and he is simply riding on the coat tails of Steve Jobs. Steve Jobs created a tremendous momentum that continues to propel Apple even 6 years since his death. But, the arrogance of bean counters will eventually come back to bite them and me (as a shareholder) in the tail. The competition is not sitting idly. The competition is working diligently and is catching up.

I don't see any arrogance at all at Apple retail, or a change from the past. Just super friendly and knowledgeable people who go out of their way to help. And I've been going to Apple stores since the beginning.

Cook arrogant? Not in my view. He's certainly driven, as he should be for running and being responsible for a company the size of Apple. Definitely the right person for the job.

 

[iamtheonlyone4ever]

today apple is going to re invent the air plane and we are going to call it
iflight
inspired by Tim Cook idea
power up by IOS 40 , no more human pilots, we got an AI with a A20 processor that will take care of that
will make coffee while it pilot the air plane
only 100,000 for passenger from New York to New Jersey
get the iflight experience
can't innovate no more, my a@@

 

[asdavis10]

People who don't like Tim Cook seem to forget who he works for. He doesn't work for the consumers. He works for the shareholders. So as a shareholder of Apple since 2008, I love the job he's done. He gets an A+ according to my portfolio. As a consumer, he gets a B+. I definitely think he could do better so that products/software are launched on time and without bugs. He doesn't seem to crack the whip on his SVPs like Jobs would have. His social efforts don't bother me. I actually think they make Apple a better company in all areas, but especially in how those efforts help to attract and retain top talent. The problem Tim presents is that he's running a company few are equipped to run. Even amongst Apple's executive ranks, there aren't any capable CEOs right now. So if not Tim, then who? And if you don't have better, then you have to pay him like he's running the world most valuable company.

 

[iamtheonlyone4ever]

shareholders will love him no doubt about it but who buys the product
that's why you love him because you are a shareholder
but I am consumer and I really don't like what he done with Mac os
is all iOS , iPads, iPhones and he forgot where he came from
before iOS there it was Mac OS , I understand evolution, moving on things change etc
but we can't never forget who we were
because if It wasn't for who we were then we will never have who we are now
where is my new Mac Pro , the last model is from 2013
well this year that 2013 will become obsolete under apple standards
remember 5 years is obsolete
does apple wait 5 years to make a new iPhone? of course not
anybody with carisma that can connect with the costumer, understand how things works
and can explain how to get things done can do just fine
but all he cares about is money that's what we had a plague of bugs all over the places in Mac and iOS
including high Sierra and iOS 11 , the worst combo ever
I'm not saying to hate him , you can love'em as much as you like
but please don't ask me to like him or approved what he has done
I agreed he has done some good things but overall
he doesn't feel like the right candidate at least I think we can do better
there it has to be someone out there but they are not looking
if you look trust me you find some one

 

[mac_in_tosh]

Cook is amazing, and has been responsible for most of the achievements of Apple, but not the initial innovation and concept that Jobs provided.

"Most of the achievements?" CEO's are given way too much credit. How about the people that actually design, develop and build the devices that Apple sells? No one, including Jobs, single-handedly does things like that.

 

[deanthedev]

They are not taking risks..... playing it safe with what jobs left them with, aka Milking the established products

Removing the headphone jack? Switching to FaceID? The “notch”? Starting price of $1,000 for an iPhone?

People screamed bloody murder at each of these saying they would result in sales tanking for the iPhone. How do you reconcile consumer outrage with choices Apple made with your claim they’re “playing it safe”?

 

[apolloa]

"Also you have no clue about history either, Jobs wasn’t some millionaire born with a silver spoon in his mouth,"

I have no clue? Speaking of assumptions... I imagine most people here know that. And how is wealth came to be, and that it wasn't in place when he started Apple in the 1970s. Perhaps you should acquaint yourself with how that occurred.

I understand. You are not willing to own your mistakes, but are free to hold others to a standard you are not willing to hold yourself to.

Yet more proof you don’t read and understand my comments, considering I did admit to my mistake previously, but I guess you were far too busy trying to think up witty arrogant replies to me to notice that. And reading your previous ‘assumptions’ no, you do not come across as someone who knows their Apple history but carry on with the manor that makes you happy
[doublepost=1514498011][/doublepost]

People who don't like Tim Cook seem to forget who he works for. He doesn't work for the consumers. He works for the shareholders. So as a shareholder of Apple since 2008, I love the job he's done. He gets an A+ according to my portfolio. As a consumer, he gets a B+. I definitely think he could do better so that products/software are launched on time and without bugs. He doesn't seem to crack the whip on his SVPs like Jobs would have. His social efforts don't bother me. I actually think they make Apple a better company in all areas, but especially in how those efforts help to attract and retain top talent. The problem Tim presents is that he's running a company few are equipped to run. Even amongst Apple's executive ranks, there aren't any capable CEOs right now. So if not Tim, then who? And if you don't have better, then you have to pay him like he's running the world most valuable company.

Why would anything Cook does bother you so long as your shares keep going up? Your opinion is void on this forum as you have a personal financial interest in Apples shares performance.

 

[I7guy]

They are not taking risks..... playing it safe with what jobs left them with, aka Milking the established products

Based on the size of Tim's bonus, it seems the customers are buying and like what they see. Correct? So ergo, Tim is doing the job he should, which is providing a service to Apple's customers and maximizing shareholder value.

 

[MH01]

Removing the headphone jack? Switching to FaceID? The “notch”? Starting price of $1,000 for an iPhone?

People screamed bloody murder at each of these saying they would result in sales tanking for the iPhone. How do you reconcile consumer outrage with choices Apple made with your claim they’re “playing it safe”?

Ever look at the buyers guide on MR?

It’s apple, not iPhone.
[doublepost=1514498478][/doublepost]

Based on the size of Tim's bonus, it seems the customers are buying and like what they see. Correct? So ergo, Tim is doing the job he should, which is providing a service to Apple's customers and maximizing shareholder value.

Steve ballmer also brought in record profits. Should we now assume Microsoft fans were happy? See my point?

Tim’s doing the job he is best at, getting profits in off jobs legacy . I’d argue the x is the first phone with no jobs influence, let’s see how that plays out....the milked the 6 for 4years

Tim will leave apple very profitable , though someone needs to join to kickstart apple again, like the bloke in Microsoft that replaced that bean counter Ballmer

 

[I7guy]

I'm a liberal. I'll bite.

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.

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.

Yeah, Wall Street "compensation" is disgusting as well. Wall Street makes vast profits on the backs of ordinary, incredibly hard-working people, who...

There is a parallel here. But then again Tim has nothing to do with his compensation package. Blame the board, directors etc. Maybe Tim should work for $1 a year or give away the money to charity.

 

[asdavis10]

Yet more proof you don’t read and understand my comments, considering I did admit to my mistake previously, but I guess you were far too busy trying to think up witty arrogant replies to me to notice that. And reading your previous ‘assumptions’ no, you do not come across as someone who knows their Apple history but carry on with the manor that makes you happy
[doublepost=1514498011][/doublepost]

Why would anything Cook does bother you so long as your shares keep going up? Your opinion is void on this forum as you have a personal financial interest in Apples shares performance.

So not owning Apple shares makes one's opinion on how the CEO is compensated more valid?

 

[I7guy]

Ever look at the buyers guide on MR?

It’s apple, not iPhone.
[doublepost=1514498478][/doublepost]

Steve ballmer also brought in record profits. Should we now assume Microsoft fans were happy? See my point?

Tim’s doing the job he is best at, getting profits in off jobs legacy . I’d argue the x is the fist phone with no jobs influence, let’s see how that plays out....the milked the 6 for 4years

Seems like the only people cribbing are some internet posters. Ballmer did what was needed for Microsoft at that point he did it, as Tim is doing with apple. Some Apple fans will never be happy, it's the nature of the beast. Just because some people aren't "happy" on the internet, doesn't mean TC isn't doing the right job at this point in time.

We will see how all of this plays out in the next few years, but in the meantime he is being compensated as he should.

 

[MH01]

Seems like the only people cribbing are some internet posters. Ballmer did what was needed for Microsoft at that point he did it, as Tim is doing with apple. Some Apple fans will never be happy, it's the nature of the beast. Just because some people aren't "happy" on the internet, doesn't mean TC isn't doing the right job at this point in time.

We will see how all of this plays out in the next few years, but in the meantime he is being compensated as he should.

He is doing a great job on the profit front

 

[apolloa]

So not owning Apple shares makes one's opinion on how the CEO is compensated more valid?

I think so because you can praise or complain about Cook no matter what the share price is doing..

 

[I7guy]

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 ...

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?
[doublepost=1514459876][/doublepost]

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.

Jobs is dead. Sorry.

This is now Tim Cooks Apple, which Steve gave to Tim. People who don't like this version of apple, apple 2.0 have options. Tim did a great job of increasing the revenue for apple and taking steps Jobs wouldn't have done. Bigger screens, pencils/stylus.

As far as a human rights committee, none was needed under Jobs because Jobs wasn't into human rights, but because Tim is now one is all of a sudden needed.

Really can't get aboard with the Jobs chest thumping at this stage almost 7 years after his passing.
[doublepost=1514499238][/doublepost]

He is doing a great job on the profit front

That is why he got such a massive bonus.

Those who think TC should be given the boot for whatever reasons they have, should be obvious he is not going anywhere.

 

[MH01]

That is why he got such a massive bonus.

Those who think TC should be given the boot for whatever reasons they have, should be obvious he is not going anywhere.

The hate for Cook is due to him not being a product person. Jobs was apple, and jobs was a product person. People want a visionary with amazing new products, not just record profits. As you said, jobs is gone, different apple now. Tim should get paid the most of the execs, how Angela gets more.... pft. He is holding it together

 

[citysnaps]

Yet more proof you don’t read and understand my comments, considering I did admit to my mistake previously, but I guess you were far too busy trying to think up witty arrogant replies to me to notice that. And reading your previous ‘assumptions’ no, you do not come across as someone who knows their Apple history but carry on with the manor that makes you happy

With respect to me knowing Apple history... if you would rather believe most here didn't know that Steve Jobs didn't start Apple as a wealthy person in the 1970s, feel free - that's your prerogative.

And, as I said, most here know that when he did return to Apple, Jobs was indeed wealthy, and thus only took $1/yr for a salary coming back in 1997. That's what you're arguing about. If you don't want to believe that, that's cool, and your prerogative as well.

 

[deanthedev]

Ever look at the buyers guide on MR?

It’s apple, not iPhone.

You didn’t answer my question. How can Apple play it safe and at the same time enrage customers?

 

[mac_in_tosh]

But then again Tim has nothing to do with his compensation package. Blame the board, directors etc.

Come on, we all know that this is a rigged system. The boards are stuffed with CEO's that give each other ridiculous compensation packages.