You’re entitled to your opinion which seems more like a straw man. Like the system or not, it’s the reality of what it is.
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Apple CEO Tim Cook Earned $74.6 Million in 2024
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It's good to see different perspectives. cheers
@God of Biscuits said the following: He's not working 1500x harder than a typical Apple Store employee. Or 300x harder than a well-compensated developer. Just stop it.
To which I said the job of running and keeping a multi-trillion dollar company afloat is easy? Both jobs have their difficulties to be sure, but the running of the Apple machine, keeping your designing & producing teams innovating with the products over 1 billion customers love and use is by and large more difficult than what a store employee does.
In answer to your question of Apple employees deserving a bigger share of Tim Cook's stock options, my answer is no. Do they deserve a raise? No. Have they earned it? Maybe they have. I don't know. There's only a handful of people who can say for certain and Tim Cook & Deirdre O'Brien are two such people. Tim Cook doesn't "deserve" the stock options and salary he gets. Nobody "deserves" anything. Tim Cook, in his 13 years steering the Apple ship, has EARNED those stock options/salary and the BoD feels the same otherwise they would cut those options or eliminate them or Cook.
The Apple Board of Directors, the Apple stockholders and Tim Cook himself will decide that, not you. For 2025 they've decided to give him an 18% raise.
Yep, so he can share his wealth as promised already.
He always shares his wealth. You already know this. Why are you saying something you KNOW isn't true?
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I'll never understand why people think market cap has any relation to the difficulties of the job. Is Tim Cook's job three times harder now than five years ago, when the market cap was ~$1.3T instead of ~$4T? Is it ten times harder than when he started and the market cap was ~$350B?
Easy example is the co-founder of WeWork, whom Apple made a TV show about. He failed so disastrously that he was kicked out of the company, but was given a nice multi-hundred-million dollar payday (on top of his existing shares worth ~$1B).
I'm not sure if that's satire (?) or not. On the off chance you're serious...YES, management is easy. Any number of MBA grads could do just as well as Tim in that position. Corporate executives are interchangeable. There is no "magical" attribute that corporate CEOs have that makes them special. They just capitalize on their position to exploit workers and make themselves and shareholders rich.
So, oppressed people should just lay down and give up because "that's the way it is"? If everyone throughout history felt that way, tyrants would certainly have won even earlier.
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What is it with people who think they have to raise a sweat to get paid so much money. For the umpteenth time. He gets paid what the company thinks he is worth. Who cares if he works harder now or then. The company is worth more money now so he is potentially worth more money now.
Ridiculous. Management is easy? LOLOLOL!!!
How many managers have you had or even know of, that have had meetings with Presidents of the 3 largest economic countries in the world? You have just said explicitly, that the manager of a big box hardware store could do the same job. What a joke!
And by what standard is Rich? Do you think the CEO of one of the largest companies in the world should be worth $1B, $100B? Or do you think they should be paid $50k per year?
Do you know what a tyrant is?
This piece by John Gruber says it perfectly. The nature of innovation/progress is incremental, not the "great leaps" that so many here seem to want.
Daring Fireball: 2013: The Year in Apple and Technology at Large
daringfireball.net
Maybe better. Tim doesn't exactly have a knack for technical/engineering issues or user-centered design. Since taking over, he has only coasted on the trajectory Jobs set in motion, made incremental upgrades, and cashed the checks. Heck, there are probably hundreds of people on this forum that could do better.
It's amazing what a binding contract will do, huh.
People don't want to know. They are just here to bash and can't even be bothered to back up what they say. If (big if) we get Blood Glucose measuring (eventually) in an Apple Watch, people will say it's just incremental, but it will be a massive advancement in technology.This piece by John Gruber says it perfectly. The nature of innovation/progress is incremental, not the "great leaps" that so many here seem to want.
Daring Fireball: 2013: The Year in Apple and Technology at Large
Meanwhile, finally in Australia, our TGA (Therapeutic Goods Association - same as FDA in the US) have just passed the AirPods Pro 2 being accepted as a legitimate hearing aid. AirPods Pro 2 in Australia is A$350. The cheapest hearing aids are A$1500! These incremental innovations are changing the lives for people.
Okay, you've lost me there. Talking Word Salad, with nothing to back it up.
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He bought all of them so his bonus wouldn't be a blow out! 🤣
The issue is that none of them are worth that much though.
He also told the WSJ that his daily routine involves the mantra: "Every day, every product."
I mean ... c'mon Tim
Nobody believes this, especially with how off guard you were caught when MKBHD asked for your thoughts on the Magic Mouse recently
I believe it. Maybe you don’t but it’s a far cry from nobody.
Those retail employees aren't making big decisions that can impact every single person in their company. I don't care if the guy earns a trillion dollars. Comparing CEO's to lower level retail employees is just insane.
I would find it a very big assumption if any Apple retail employee makes $50,000 unless it's a unionized store.
The point is that ceo-to-worker pay is an indicator of income inequality.
He should have gone for that colossal failure of a vanity project which he pulled resources from important areas to work on those stupid goggles, leaving other devices and software to fall behind, struggle and stagnate.
But hey at least he got on the front cover of vanity fair....
But hey at least he got on the front cover of vanity fair....
He should have gone for that colossal failure of a vanity project which he pulled resources from important areas to work on those stupid goggles, leaving other devices and software to fall behind, struggle and stagnate.
But hey at least he got on the front cover of vanity fair....
A truly “what are you doing!?” photo shoot. 🤡
Actually they will lay down. Difference is we live in the softest time in human history with people walking around with these mini computers in their pockets that get high speed internet and with a click of a button they can have food delivered to them and even with a push of a button they can have a vehicle show up to drive them were they please. And then they get home and put on the magic streaming device to catch up on Season 2 of Squid Game while looking up when Coachella presale goes live.
People in the West are not the badass ancestors you are alluding to that are going to cause some giant uprising. Too busy getting likes on tiktok. They are all beneficiaries of the system itself since they get to buy all of this stuff dirt cheap. If anyone has a bone to pick it's the people who make all of this stuff for dirt cheap in factories that are jumping off buildings that allow everyone to get these all these goods for reasonable costs.
And if history repeats itself, the US will endorse crackdowns on these foreign workers if they demand better conditions.