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Apple CEO Tim Cook Earned $14.8 Million in 2020, Not Counting Stock Awards
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You're making a personal choice decision out of emotion. Being a good presenter as he is doesn't mean he would make good decisions for the company and stockholders.
Seems reasonable for the CEO of a company like Apple. Here in the UK we have people earning more than that for kicking a football around a field for 90 minutes twice a week.
Uh I dunno. I guess he wasn't responsible for the company being the first ever in history to reach a 2 trillion dollar valuation. Have YOU done that? 🙄
For those complaining that this is a paltry sum, remember that most of his comp (like most other ceos of publicly traded companies) is tied up as stock which isn't included in this calculation, so all in all, Tim is doing pretty well.
dont be fooled , he has several large stock options , one was 376million not to long ago.
They report the compensation of the named executive officers, which are the CEO, the CFO, and the 3 executive officers with the most compensation. All of Apple's SVPs get meaningfully the same compensation packages, other than when they first join the company or first become SVPs. So the reportable compensations of their SVPs are typically very close, differing only in the other compensation category - stuff like contributions to 401Ks, insurance payments, vacation cash-outs, paid traveling expenses.
That means that small differences in their other compensation cause different executives to be among the top 3 in different years and thus get their compensation reported in the annual proxy. There have been more than 3 (i.e. more than a total of 5) listed in the past because sometimes some of them tie, to the dollar, on their total compensation.
HAIR! FORCE! ONE!
(orchestral music swells with lots of tympani drums and crashing cymbals)
I would say Tim Cook deserves every bit of that money since he has brought Apple to such heights. Better than paying Justin Bieber millions of dollars for standing on stage "singing" with a mediocre voice and boring choreographed dance steps. In order words anybody can do Bieber's job. Tim Cook's job? No way.
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The other executives don't really get paid more. It's just that stock awards get reported as compensation (in, e.g., annual proxies) in the year they are awarded not when the shares vest. The other executives get a new stock award each year, so their reported compensation includes those awards each year. Mr. Cook hadn't been getting yearly stock awards; he got one big award (since modified) about 10 years ago. So the value of that stock award would have been included in his reported compensation back then.
Starting with this fiscal year (i.e. starting late last year), it looks like Mr. Cook will be getting an annual stock award instead of one big one that lasts for, e.g., 10 years. So starting with next year's annual proxy, his reported compensation will be much higher than that of the other executives. His reported compensation should be close to $100 million. The structure of the stock award he received this fiscal year was similar to the structure of the awards the other executives get. It was just for many more shares.
Starting with this fiscal year (i.e. starting late last year), it looks like Mr. Cook will be getting an annual stock award instead of one big one that lasts for, e.g., 10 years. So starting with next year's annual proxy, his reported compensation will be much higher than that of the other executives. His reported compensation should be close to $100 million. The structure of the stock award he received this fiscal year was similar to the structure of the awards the other executives get. It was just for many more shares.
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As long as the stock price keeps rising, Its all good with me!
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The only things Tim was good at and it really shows to this day is CFO, not CEO.
Well Apple's top executives with voting shares disagree with you. Are you there at Apple watching what Tim does daily?
They actually probably agree with me since they are the ones raking in the money. Shareholders and top execs tend to no care as much as long as their pockets are being filled. That's why I said he is great at being a CFO bit choices lately show is is still thinking a lot more like a CFO than a CEO.
Please do yourself a favor and take a course of Business 101. You have no idea what you're talking about. If a CEO is not doing a good job as a CEO then the company executives with voting shares can drop him/her from their duties and generally do.
Please DO YOURSELF a favor and take a course in real life. YOU have no idea what you are talking about. People are greedy and want more money. That's called the real word bud. Why would they drop him from his duties if he is making them a lot of money, even if they aren't great decisions
It's fair to say you'd always have the newest iPhone.