Apple CEO Tim Cook Earned $74.6 Million in 2024

[steve09090]

Doctors, etc... you found a few athletes, great for you, that's not the norm 🙄

I think the norm is that if people add value to a company, franchise or whatever, then they get shown that respect for what they bring. Michael Jordan really pushed this idea getting value from the merchandise he managed to generate. He never actually made those shoes.

That is the norm. It’s why businesses use athletes and actors et al to advertise. It’s the value to the company they are paid for.

Airline CEO’s get a ton of money. Bank executives get a ton. Why shouldn’t the head of a $4T company get it?

 

[Pootie Tang]

Tim Cook voluntarily took a 40% pay cut in 2023 after the shareholders voted that he should cut his pay. The Board of Directors did not ask for him to take a cut in pay, he did it on his own. For 2024 sales are up and the stock price is up so the incentives in Cook's contract call for him to get an 18% raise. Down by 40 one year, up by 18 the next.

Apple CEO Tim Cook requests and receives a 40% pay cut after shareholder vote

Apple CEO Tim Cook will receive a pay cut in 2023, targeting $49 million in total compensation, the company said in an SEC filing.

www.cnbc.com

 

[God of Biscuits]

Cook certainly earns his salary. He drives one of the most successful tech companies in the world, with 164,000 employees, selling 600,000 iPhones per day (on the average), and having 1+ Billion active and repeat Apple customers who love and purchase Apple products year after year after year.

And speaking of Apple employees... while other tech companies (google, Meta, Microsoft, LinkedIn, Yahoo, HP, Dropbox, Qualcomm, Cisco, Infineon, Intel, Intuit, Pixar, IBM, Expedia, Salesforce, eBay, Amazon, etc., etc.) had massive layoffs starting a few years ago, Apple had none.

He's not working 1500x harder than a typical Apple Store employee. Or 300x harder than a well-compensated developer. Just stop it.

 

[metkis]

Many of us have personally worked or known someone who has worked harder and more meaningfully than Tim Cook this last year. There are a wide range of positions maintained by entire classes of talented and deserving people who face their every day with character, dedication, and humility but are met with more indignation and disrespect than your favorite Silicon Valley sociopath. The folks that form the bedrock of our modern lives are lucky to get a bonus or a yearly raise above inflation, but still show up to work every day for more hours and fewer benefits. They exhibit greater generosity, dignity, and appreciation than Tim Cook ever could while facing some of the most heinous union-busting practices we've ever seen.

While people give their literal lifetime to make our existence better for insulting, stagnating salaries, we see the bosses who phoned it in get another gigantic pay raise. Hard year huh? We continue to have the nerve to wonder why people aren't starting families, aren't enjoying their lives more, aren't spending as much, are deeper in debt, and aren't buying homes.

It's disgusting, the nerve to see someone paid so much when we all have someone in our lives who truly deserved even a fraction of a fraction of this salary more than him. It's not about innovation or some ****, it's about basic human decency. This is another personal reminder of just how little we value each other.

 

[Naraxus]

He's not working 1500x harder than a typical Apple Store employee. Or 300x harder than a well-compensated developer. Just stop it.

So you're saying it's a piece of cake to run a multi-trillion dollar company? Got it.

 

[citysnaps]

He's not working 1500x harder than a typical Apple Store employee. Or 300x harder than a well-compensated developer. Just stop it.

Is a typical Apple Store employee and Apple developers responsible for keeping Apple's 164,000 employees employed (while many dozens of tech companies had massive layoffs during the last three years) and making sure Apple's 1+ Billion customers stay happy and continuing to purchase Apple products?

 

[steve09090]

Many of us have personally worked or known someone who has worked harder and more meaningfully than Tim Cook this last year. There are a wide range of positions maintained by entire classes of talented and deserving people who face their every day with character, dedication, and humility but are met with more indignation and disrespect than your favorite Silicon Valley sociopath. The folks that form the bedrock of our modern lives are lucky to get a bonus or a yearly raise above inflation, but still show up to work every day for more hours and fewer benefits. They exhibit greater generosity, dignity, and appreciation than Tim Cook ever could while facing some of the most heinous union-busting practices we've ever seen.

While people give their literal lifetime to make our existence better for insulting, stagnating salaries, we see the bosses who phoned it in get another gigantic pay raise. Hard year huh? We continue to have the nerve to wonder why people aren't starting families, aren't enjoying their lives more, aren't spending as much, are deeper in debt, and aren't buying homes.

It's disgusting, the nerve to see someone paid so much when we all have someone in our lives who truly deserved even a fraction of a fraction of this salary more than him. It's not about innovation or some ****, it's about basic human decency. This is another personal reminder of just how little we value each other.

He’s giving his entire fortune away to charity. So there’s that…

He's not working 1500x harder than a typical Apple Store employee. Or 300x harder than a well-compensated developer. Just stop it.

Pretty much speechless if this what you genuinely think is the basis of pay. What you are talking about it theoretical communism.

 

[turbineseaplane]

He's not working 1500x harder than a typical Apple Store employee. Or 300x harder than a well-compensated developer. Just stop it.

Right?

CEO Pay has to be explained in a lot of other metrics that are not multiples of hard work because they simply do not do hard work and certainly not “a lot more of it” than any number of other positions throughout an organization

 

[citysnaps]

He’s giving his entire fortune away to charity. So there’s that…


Pretty much speechless if this what you genuinely think is the basis of pay. What you are talking about it theoretical communism.

Seems many people believe one's pay should be a function of the number of calories expended doing work.

Education, wisdom, years of experience, and being responsible for and keeping 164,000 employees employed and making products that 1+ billion repeat customers love and want to purchase year after year after year apparently should have no bearing on one's salary.

 

[metkis]

So you're saying it's a piece of cake to run a multi-trillion dollar company? Got it.

You're attributing the machinations of a multi-trillion dollar company to a single employee? Sorry, not really how real life works. Apple is made up of over 160,000 employees, not just Tim Cook. Do you think Apple shuts down when Tim takes a vacation?

Flip your logic -- Do I think it's fundamentally simple to do the work of 1 employee out of a 160,000 in a company? Yeah, sure. That's idiotic logic, though, just the same as yours.

The real question is: Do you believe the employees of Apple deserve a bigger share of that $74 million salary, stock options, etc., for doing the actual work that makes the products you love while Tim Cook watches movies in his Vision Pro and throws everything he pretends to believe out the window at the drop of a hat to kiss politician ass? Because I do.

 

[steve09090]

Seems many people believe one's pay should be a function of the number of calories expended doing work.

I wish. I just finished digging a 30 metre (90’) trench in 34°C (95°F). I must be worth kazillions! 🥵

 

[steve09090]

You're attributing the machinations of a multi-trillion dollar company to a single employee? Sorry, not really how real life works. Apple is made up of over 160,000 employees, not just Tim Cook. Do you think Apple shuts down when Tim takes a vacation?

Flip your logic -- do I think it's fundamentally simple to do the work of 1 employee out of a 160,000 job company? Yeah, sure.

So, when you say "flip your logic' are you saying think illogically? Coz that’s what I’m reading. As has been said countless times here. A person gets paid for what the company believes they are bringing to the table has that value. The fact that he has exponentially grown Apple into one of (and sometimes) the most valuable company on the planet, yet he still only has a net worth of $2B. I get that it’s more than any of use will see, but if he owned 13% of Apple like Musk and Bezos have of Tesla and Amazon, he’d be worth $447B!

 

[I7guy]

You're attributing the machinations of a multi-trillion dollar company to a single employee? Sorry, not really how real life works. Apple is made up of over 160,000 employees, not just Tim Cook. Do you think Apple shuts down when Tim takes a vacation?

Flip your logic -- Do I think it's fundamentally simple to do the work of 1 employee out of a 160,000 in a company? Yeah, sure. That's idiotic logic, though, just the same as yours.

The real question is: Do you believe the employees of Apple deserve a bigger share of that $74 million salary, stock options, etc., for doing the actual work that makes the products you love while Tim Cook watches movies in his Vision Pro and throws everything he pretends to believe out the window at the drop of a hat to kiss politician ass? Because I do.

If you don’t believe a ceo can sink a company, ask blackberry.

 

[green_diyos]

The fella's leading a nearly $4 trillion market cap company.

That in itself makes Tim Apple a bargain.

If you don’t believe a ceo can sink a company, ask blackberry.

Or Sega.

 

[metkis]

He’s giving his entire fortune away to charity. So there’s that…

You've fallen for rich people PR. Just imagine watching the relentless suffering of others every day while you sit on your hoard not helping those people until you died, just so it can be your legacy? It's sociopathic **** dude. And that's hoping there are zero stipulations and all the charities he names in his Giving Pledge aren't just friends and family.

 

[steve09090]

You've fallen for rich people PR. Just imagine watching the relentless suffering of others every day while you sit on your hoard not helping those people until you died, just so it can be your legacy? It's sociopathic **** dude.

What are you actually taking about? He donates millions every year to places like the cancer foundation, John Hopkins. The list is vast. I assume you do the same? I don’t think you know what a sociopath is.

 

[leicaman]

Time for Cook to retire. We need a CEO who stands for more than, "MOAR MUNNY!"

 

[metkis]

If you don’t believe a ceo can sink a company, ask blackberry.

I love the idea if Tim Cook were just the CEO of Blackberry we'd all be using them right now because he's such a fundamental force in the industry, but for some reason I don't think that would be the case. Maybe it's because Blackberry was a one-trick pony and nobody but Apple made the iPhone. It was truly a piece of technology which changed the trajectory of that sector.

And you know what? What I said still applies there. That iPhone was the work of a tremendous many people, not just Jobs. Blackberry failed to innovate, but they failed collectively too. A CEO is just a position, you can hire a new one. Didn't help Motorola, didn't help Palm, didn't help Microsoft (in the smartphone market).

 

[steve09090]

I love the idea if Tim Cook were just the CEO of Blackberry we'd all be using them right now because he's such a fundamental force in the industry, but for some reason I don't think that would be the case. Maybe it's because Blackberry was a one-trick pony and nobody but Apple made the iPhone. It was truly a piece of technology which changed the trajectory of that sector.

And you know what? What I said still applies there. That iPhone was the work of a tremendous many people, not just Jobs. Blackberry failed to innovate, but they failed collectively too. A CEO is just a position, you can hire a new one. Didn't help Motorola, didn't help Palm, didn't help Microsoft (in the smartphone market).

But it did help Apple.

It’s interesting that Jeff Bezos, listed by Harvard Business Review as the best performing CEO said on August about Innovation.

Bezos:

I bet 70% of the invention we do focuses on slightly improving a process. That incremental invention is a huge part of what makes Amazon tick. There’s a second kind of invention, which is more clean-sheet and larger scale—things like the Kindle or Amazon Web Services. We have a culture that supports the risk taking and time frames required for that.​

This is very much like Apple do. If the best CEO thinks Kindle and Amazon Web Services is clean-sheet Innovation I think Apple are looking pretty good.

He also says they have a culture that supports risk taking and time frame required. If AVP, and Titan aren’t risk taking, what is?

 

[metkis]

What are you actually taking about? He donates millions every year to places like the cancer foundation, John Hopkins. The list is vast. I assume you do the same? I don’t think you know what a sociopath is.

Be mindful. When the poor give it is charity, when the rich give it is a debt repaid.

Holding onto such bounties of wealth is an absurdity, it's a contradiction of philanthropy, and an insult to those suffering. This is something you either see or don't. It is trick that keeps you engaged in a system that would sooner turn you into dog food than recognize contradiction. Donations for Tim Cook are an entirely different mechanism to assert financial power to create good will. He would rather die first than live without his money, that is The Giving Pledge.

 

[I7guy]

I love the idea if Tim Cook were just the CEO of Blackberry we'd all be using them right now because he's such a fundamental force in the industry, but for some reason I don't think that would be the case. Maybe it's because Blackberry was a one-trick pony and nobody but Apple made the iPhone. It was truly a piece of technology which changed the trajectory of that sector.

And you know what? What I said still applies there. That iPhone was the work of a tremendous many people, not just Jobs. Blackberry failed to innovate, but they failed collectively too. A CEO is just a position, you can hire a new one. Didn't help Motorola, didn't help Palm, didn't help Microsoft (in the smartphone market).

Sure we’re all replaceable. However, some ceos are in the stratosphere. Warren Buffett, Steve Jobs Elon musk and Tim Cook plus others.

And sure when a company doesn’t execute it’s the CEO’s fault. When the company does execute it’s the CEO’s smarts.

 

[metkis]

He also says they have a culture that supports risk taking and time frame required. If AVP, and Titan aren’t risk taking, what is?

Sure, Tim might encourage a type of culture, but a culture by definition is not singular. It is the set of predominating attitudes and behavior that characterize a group or organization. Tim Cook is not the culture of Apple. The culture of Apple is in all its 160,000 employees. The culture is shared, just like the wealth should be.

 

[metkis]

Sure we’re all replaceable. However, some ceos are in the stratosphere. Warren Buffett, Steve Jobs Elon musk and Tim Cook plus others.

And sure when a company doesn’t execute it’s the CEO’s fault. When the company does execute it’s the CEO’s smarts.

In this realm of absurdly and disgustingly rich people, rarely does a CEO failing end poorly for the CEO. In fact, they might get paid more to leave than they ever did to stay; However, if the CEO is so vital as to risk the company too, it's far more likely it end very poorly for the employees who take on a greater risk every day of their working lives. This is another reason I am against such egregious salaries, because they help normalize practices like golden parachutes.

 

[steve09090]

Be mindful. When the poor give it is charity, when the rich give it is a debt repaid.

Holding onto such bounties of wealth is an absurdity, it's a contradiction of philanthropy, and an insult to those suffering. This is something you either see or don't. It is trick that keeps you engaged in a system that would sooner turn you into dog food than recognize contradiction. Donations for Tim Cook are an entirely different mechanism to assert financial power to create good will. He would rather die first than live without his money, that is The Giving Pledge.

Based on what? Can you back that up, or is it just gaff? Add a link to anything that backs up this nonsense.

Secondly, he contributes to philanthropic agencies ALL of the time!

Sure, Tim might encourage a type of culture, but a culture by definition is not singular. It is the set of predominating attitudes and behavior that characterize a group or organization. Tim Cook is not the culture of Apple. The culture of Apple is in all its 160,000 employees. The culture is shared, just like the wealth should be.

Now you're really confused.

The culture is shared, just like the wealth should be. Sounds just a theoretical communist ideal, but it's not even that. It's totally made-up. I'm not sure where that even fits in the US culture generally.

But if you want to start throwing around meaningless cliches, as is your choice. Culture starts at the top

As seen in this Forbes Business article:

• Culture always has to start from the top and trickle down. In my opinion, there are no exceptions
• The truly extraordinary companies communicate these principals throughout the organization and, in turn, attract likeminded people who want to contribute on every level.
• Brand Purpose: A lot of big brands have started initiatives that connect them with local communities, charitable causes and anything else that they believe might help change the world in some way. Think (Product)Red

I think you're just spinning your wheels here. Nothing you are saying makes any sense and you haven't provided a shred of evidence to demonstrate your (ahem) theorems.

 

[metkis]

I'd love to continue, but I've got to log off. I'm a big fan of our workers, so please allow me my one cheesy line about wealth! I'm off for the night, genuinely had fun engaging @I7guy & @steve09090.