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Apple CEO Tim Cook Earned $9.2M in Fiscal 2014, Doubling 2013 Compensation

Big company CEOs get big pay but Yosemite is an unmitigated disaster.
Fix it, Cook. We're running out of patience.
While you're at it, grow a pair and reign in Ivy's input in software in which he obviously knows little about.
 
33scottie33 said:
Hmm, Kobe Bryant makes 23.5 million this year to dribble and shoot a basketball!:eek: What is the world coming to?
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People also spend a lot of money to watch Kobe play basketball and he is solely responsible for much of the fan base and success of the team. Cook, like other CEOs are WAY overcompensated for what they actually do versus all of those under him that do real actual work.

Athletes are paid too much too, I agree but what they actually produce is way more than any CEO. The way you can tel is that no one hardly ever complains about what a TOP athlete gets paid but everyone on the planet finds CEOs way overpaid which they are.

Look at it this way: If cook leaves Apple, they replace him with some other media savvy stiff to atend the meetings, suck the shareholder knob, and pander to the public. If Kobe leaves the Lakers, the team crumbles and they stink until they find a player as good as Kobe. HUGE difference with there.
 
For everyone asking about Tim, don't forget that he got the rights to 1,000,000 shares when he got the CEO position. He gets 500,000 of these in 2016 and 500,000 of them in 2021. Assuming the stock split is built into this, then that's 7,000,000 shares or roughly $790m.
 
steve333 said:
Big company CEOs get big pay but Yosemite is an unmitigated disaster.
Fix it, Cook. We're running out of patience.
While you're at it, grow a pair and reign in Ivy's input in software in which he obviously knows little about.
Click to expand...

Not impressed with Cook either. Making big profits now but I question the long term outlook. Pushing software out too fast. Low quality software. Treating developers like crap. Big app stores full of junk. Celebrating the Apple Watch on stage in October as though it had already sold 10 million. Yeah, not impressed.
 
Considering how other CEOs have robbed their companies piling up losses - this looks like a bargain.
Even with the millions of shares - just compare it to what "Uncle Larry" Larry Ellison takes home.
Cook has no wife, no kids, no real heirs - just Apple.
He eats, drinks, breathes and probably ***** Apple, almost 24h a day.
It's clearly his life.
No scandals, no high-society, no parties, (almost) no bad press, no divorce, no screwed-up kids, no DUIs, no drugs, no break-downs.
And the billions pile up in the bank every quarter, while billions are paid out to shareholders - and customers love the company.
I don't know but given his track record, a lot of BoDs would sell their soul for somebody to assemble such a team and lead their company.
Compensation wouldn't even be a secondary concern at that point.

Of course, few BoDs would have the patience to let the CEO walk the company through a dark vale of tears like Jobs had to.
 
s2mikey said:
Look at it this way: If cook leaves Apple, they replace him with some other media savvy stiff to atend the meetings, suck the shareholder knob, and pander to the public.
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In a typical company, you need somebody to hold the diverse characters together, unite them under one umbrella and make them all work for the same goal.
It's as much an integrative position to the outside as it is to the inside.
You have to have the respect of everybody - customers and employees.

Or else you end-up with something like the MSFT under Balmer.

It's certainly not a position that anybody could fit in.

From the outside, it looks as if Tim Cook has found the right balance between "laissez faire" and brutal dictator. Both have their place in a company. The trick is to always strike the right balance at the right time at the right issues.
 
Any VP/CEO with $50M+ sitting in stocks/portfolio/etc isn't seeing money the way you or I do (or even my never-away-from-email-call-me-at-3AM managers, with their "paltry" $10K paychecks).

I would surmise, if you're sitting on $150M already... and earning a "meager" salary of $400K... the money isn't a factor, you'd just as soon do the work you do for $1 (and heck, Steve Jobs did). At that level of resources, you can do anything you freaking wanna do (and plenty of folks with that amount of money do just that)- but if you're that personality who is working hard Sunday night till the wee hours for 7:30AM conference calls on Monday with your directs... you simply have an addiction to the work you know you're darn good at, plain and simple.

With that money secured, the money can't be the motivating factor for you.

What's more interesting, to me... is being the mid-level Engineering manager making $160,000 a year (maybe you even collect a $30K bonus)... and you're reporting to an Apple VP who earns $25M/year and has $200 million in stock stored away somewhere... you both don't work for the same goals most likely, but yet you do-- but you have to think if it's worth paying biz-class fare on Virgin America to visit the parents back east over Christmas... when your C-level boss wonders if he can borrow Tim's plane for the weekend to visit his Aspen house.

Interesting.
 
s2mikey said:
People also spend a lot of money to watch Kobe play basketball and he is solely responsible for much of the fan base and success of the team. Cook, like other CEOs are WAY overcompensated for what they actually do versus all of those under him that do real actual work.

Athletes are paid too much too, I agree but what they actually produce is way more than any CEO. The way you can tel is that no one hardly ever complains about what a TOP athlete gets paid but everyone on the planet finds CEOs way overpaid which they are.

Look at it this way: If cook leaves Apple, they replace him with some other media savvy stiff to atend the meetings, suck the shareholder knob, and pander to the public. If Kobe leaves the Lakers, the team crumbles and they stink until they find a player as good as Kobe. HUGE difference with there.
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I do agree that CEO's are way overpaid, but let's be real about it. Kobe Bryant gets paid outrageous money for something he can do right in his backyard court. He just gets to do it in front of an audience. No sports star is "worth" the money they are paid.

On the flip side. Tim cook is the head of a major corporation and he has to satisfy investors which can drive a human to drink. And what about product issues and angry customers and making decisions that will affect thousands of people's jobs. It's a very stressful business.
 
They are paid Roughly 70x - 600X of an engineer paid at 120k a year. And many engineers don't make 120k a year at Apple.

I personally do not think this kind of compensation is justifiable, but this criticism is not specific to Apple. The entire US corporations is the same.
 
Tim Cook is over-payed and not the right guy to lead Apple.

He clearly is a first-class operations officer, but he doesn't have the product instincts to lead one of the most creative companies in the world (or what used to be) or the strength of personality to ride herd over the sprawling and somewhat undisciplined company that Apple has become.

Apple quality control (its most important asset) has taken a major nose-drive since Cook took over, with appalling bugs going many months or more before being fixed (just one example: how many times a day do I find my iPhone 6 won't quickly switch from portrait to landscape mode or vice versa when I take it out of my pocket?). And so many Apple products are left to go stale like Apple TV, iWork, displays, Radio, etc.

I wish Cook were the right guy for the job but he's not. He's a caretaker, not a creator, and Apple's success during his reign has largely been due to coasting on previous momentum that Jobs created over the years.

Apple and Cook are heading for a reckoning, and it's not going to be pretty when it happens.
 
bigjohn said:
i hope the youth of today see that there's a way to make serious cash without being an athlete or entertainer. finish school.
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....and become an executive of a publicly traded company where you'll be able to hire the people who set your comp and the owners don't care that they're being robbed blind as long as the stock price goes up.
 
Jony must love that, for whatever reason, his salary and stock awards don't have to be disclosed.
 
Good for him. I still can't get Apple to reimburse me for the multiple repairs to my MacBook Pro that cost me $3000+ while they actively ignore the rampant hardware failures. Paying $3000+ for a machine and I didn't expect it to be a completely dead machine once before the warranty ran out and twice just after for the same damn hardware failure. I hope he enjoys that money, I won't be buying another MacBook in the future if they can't get the damn things to not fail multiple times out of warranty and have Apple refuse to acknowledge a widespread failure on a machine they sell as being better than anything else out there. Spending that much money on a machine should mean it's better and more reliable, not just more expensive.
 
When I worked as a contractor for Apple for AppleCare (the people who you think are Apple employees but are working from home), working 40 hours a week you could make $18,000 a year if you worked 40 hours a week, 52 weeks a year. Since Apple skirted labor laws with the way they set up contractors, Apple didn't pay into the Social Security system, there was no leave of any kind (let alone paid leave, if you left or became sick you were just replaced). As a contractor you had to pay all Social Security tax yourself (usually half is paid by an employer).

What Tim Cook does is not 500x better than what an AppleCare worker does. It's all the more egregious in that under his leadership, Apple's software quality has tanked—I blame this in large part to the fact that he seems uncurious and readily admits to using an iPad for most of his work. I don't even think he's aware of the tremendous stability problems OS X 10.10 has had.

Companies should be expected to be patriotic. It is only by our collective willingness to allow MNCs great freedom that they can profit so greatly from our resources. It's important to remember that the economy exists within a political framework--not the other way around. Apple's large fortune exists from political decisions the American people have permitted to be made in their name. That is a leverage that I feel many people don't realize they have.
 
swingerofbirch said:
When I worked as a contractor for Apple for AppleCare (the people who you think are Apple employees but are working from home), working 40 hours a week you could make $18,000 a year if you worked 40 hours a week, 52 weeks a year. Since Apple skirted labor laws with the way they set up contractors, Apple didn't pay into the Social Security system, there was no leave of any kind (let alone paid leave, if you left or became sick you were just replaced). As a contractor you had to pay all Social Security tax yourself (usually half is paid by an employer).

What Tim Cook does is not 500x better than what an AppleCare worker does. It's all the more egregious in that under his leadership, Apple's software quality has tanked—I blame this in large part to the fact that he seems uncurious and readily admits to using an iPad for most of his work. I don't even think he's aware of the tremendous stability problems OS X 10.10 has had.

Companies should be expected to be patriotic. It is only by our collective willingness to allow MNCs great freedom that they can profit so greatly from our resources. It's important to remember that the economy exists within a political framework--not the other way around. Apple's large fortune exists from political decisions the American people have permitted to be made in their name. That is a leverage that I feel many people don't realize they have.
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He makes strategic decisions that result in multi-billion dollar price fluctuations of the stock. What do you do again?
 
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