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

[jtmarine73]

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.

Very interesting. A pro athlete works 6 months a year and their work day, playing a game, is about 3 hours. You also start making millions long before you are 21 years old. To become CEO, you have to bust your arse for YEARS upon YEARS, hoping to get a chance if the cards fall the right way. During those years, you're working 10, 12, 18 hours a day away from your family. When Kobe is Tim's age, he'll have been retired for 25+ years. Everyone forgets all the work that goes into getting that job. The envy that people have towards CEO's is astounding to me. Moral of the story, learn to dunk a basketball... much more likely you'll get rich that way.

 

[Belmont31R]

ugg, no problems with Cook's salary (its a lot, maybe better used elsewhere, but compared to everyone else in that list, he seems like the most reasonable down to earth of them)

when i see someone like that new hire getting only 411+500k in salary, but 70 MILLION In stock... you KNOW it's being done that way as a tax loophole that has to be fixed.

(hint, in the USA, you are taxed significantly less on Capital gains than on labour, so this individual only gets their income taxed on the 911k, and capital gains of approximately 23% on 50% of the stock)

Taking a quarter of someone's income is already bad enough. Add in sales tax, property taxes, taxes added on bills like Internet and phone service, state income taxes and people are paying a lot more than just a federal income tax.

 

[Belmont31R]

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.

How is he not worth the money? Something is only worth as much as someone else is willing to pay. His team is willing to pay him that salary thus he is worth that amount of money.

 

[LordVic]

Taking a quarter of someone's income is already bad enough. Add in sales tax, property taxes, taxes added on bills like Internet and phone service, state income taxes and people are paying a lot more than just a federal income tax.

that's an entirely different discussion that deals moere with personal ideology and can't really have a right/wrong answer and not something i meant to delve into

Just trying to state that there is a gross inequality between the tax rules between Capital and Labour that companies like Apple are using to help their executives pay significantly less tax than they would if they were regular labour.

 

[Belmont31R]

that's an entirely different discussion that deals moere with personal ideology and can't really have a right/wrong answer and not something i meant to delve into

Just trying to state that there is a gross inequality between the tax rules between Capital and Labour that companies like Apple are using to help their executives pay significantly less tax than they would if they were regular labour.

There's also a lot more risk in investments, which stocks are, and higher taxes on investments is not a good thing.

 

[LordVic]

There's also a lot more risk in investments, which stocks are, and higher taxes on investments is not a good thing.

its one of those fine balancing lines between whats acceptible and not. I dont think there's an easy answer that is either "tax more" or "tax less". There needs to be a balance between using it as a tax loophole to allow executive to circumvent labour tax code, while still allowing for and encouraging investment.

Maybe a limit on how much stock someone can receive from their own company in lieu of payment, while someone not employed pays less if they put money in first? I dunno, but it is a serious economic problem facing us today.

though we're now getting off topic

 

[megadon]

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.

Couldn't agree more. No reason why Apple could not head hunt for another CEO to take over Tim's position. It's just a simple fact that they get hired because of experience, proven track record and education, and not god given talents and athletic ability like the Lebrons and Jordans.

Also the fact that athletes depend on their fleeting health justifies the high pay. If Tim Cook (knock on wood) lost a leg in a car accident, he would still be able to get his duties done. While athletes can have injuries that prevent them from ever playing again. Hence why F1 drivers can get over $50 million per year but that may be bad example because I don't think Kobe ever faces death in a NBA game.

 

[megadon]

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.

I disagree. Sure you can hit a free throw in your backyard, but could you even dribble the ball half way down the court against the best basketball defenders in the world?

It comes down to your definition of "worth". As the ticket sales, and Jersey sales that kobe generates (20 years with the same team, longest in NBA history, John Stockton had 19 years with the jazz) adds up to a number that is higher than his yearly salary. It's a simple math equation with bigger dollar amounts.

Do you think Lebron was worth $90 million to Nike when he was 18? You might say no, but the fact that just his shoe line generated over $300 million for Nike last year might seem justifiable.

Don't get me wrong, you can overpay athletes, just hard to argue that a franchise player like kobe does not generate more income for the team than his salary.

 

[blahblah100]

Here: http://en.wikipedia.org/wiki/Satya_Nadella

Nevertheless I didn't bother, how it splits. None of my business.

So if it's none of your business, why did you make an uneducated post about it?

 

[Tech198]

So, Tim's doing pretty well off...

 

[HKZ/MST3K]

You mean tanked like the massive bugs in IOS 4 developed under Jobs... Well, hey! Bias is a sad thing.

The failures of Jobs under his reign do not excuse the failures under Cooks' reign. The fact is that Apple has been releasing more buggy products more frequently for the last few years. This cannot be debated and pointing the fingers elsewhere does not make the fact closed for discussion.

 

[skinned66]

Damn those stock awards really pad don't they? I'd love to just take a gander of those numbers on one of my financial statements. Even a promptly corrected error.

 

[Keirasplace]

The failures of Jobs under his reign do not excuse the failures under Cooks' reign. The fact is that Apple has been releasing more buggy products more frequently for the last few years. This cannot be debated and pointing the fingers elsewhere does not make the fact closed for discussion.

Well, that's the thing, There is no such increase. That's what I just said. You're whole premise is false. At most you could say that they're current software is no more, no less, buggy than in the past.

Considering that IOS 7 and 8 were massive updates, biggest since the initial launch of IOS, the number of bugs are relatively small for the size of the project/the number of changes.

 

[Keirasplace]

There's also a lot more risk in investments, which stocks are, and higher taxes on investments is not a good thing.

I totally, absolutely disagree. Long term, risk is rather low if you are diversified and capital gains taxes are absolutely laughable these days.

Why? Because supposedly those with money will reinvest and create jobs and yada yada yada. You know.. Trickle down.... Even though hundreds (if not thousands) of studies have proven that false for 30 years.

The excess money is just put back into bubble stocks or real estate (money needs a place to go which feeds bubbles) or shipped out of the country.

The poor slob which works for one company and is taxed 40% is in a lot riskier situation since all his eggs are in one basket.

 

[303aegiszx]

Very interesting. A pro athlete works 6 months a year and their work day, playing a game, is about 3 hours. You also start making millions long before you are 21 years old. To become CEO, you have to bust your arse for YEARS upon YEARS, hoping to get a chance if the cards fall the right way. During those years, you're working 10, 12, 18 hours a day away from your family. When Kobe is Tim's age, he'll have been retired for 25+ years. Everyone forgets all the work that goes into getting that job. The envy that people have towards CEO's is astounding to me. Moral of the story, learn to dunk a basketball... much more likely you'll get rich that way.

An athlete works 6 months a year?? Is that a joke? Actually no-- they compete 6-8 months a year, but they practice EVERY SINGLE DAY. Those athletes that start making millions at 21? They started working at 12 after moving away from home! They dont hit their peak until their late 20s, and thats if they even get drafted into the pro leagues. You make it sound so easy to make millions... There are only 300 spots available in the NBA yet hundreds of thousands if not a million kids enroll in programs. That's less than a 1% chance of making it.

 

[Even Longer]

So if it's none of your business, why did you make an uneducated post about it?

Listen, I don't know, what's bitten you actually.

in my initial post I wrote, that Tim Cook's salary seems to be moderate compared to Nadella's. I also stated, that Nadella must have gotten hell of a stock options as well.

You asked me about my source and I told you, where I had it from:

Salary $84 million (Per annum base) [6] Wikipedia

Again: it was my impression based on the information I had. I don't give a crap having an "educated post" about it, because nobody knows all the details about their respective agreements and it IS actually none of my business, - I have my own.

Any more questions?

 

[tresmith]

in other news, Apple has invented a working money tree.

 

[Theatre]

It's crazy that Apple's financials are so solid, yet every quarter, and every product release, the media basically says Apple is failing/on the verge of failing. I clearly don't understand anything.

I feel the same.

 

[HenryDJP]

How is he not worth the money? Something is only worth as much as someone else is willing to pay. His team is willing to pay him that salary thus he is worth that amount of money.

Haha, that is a very twisted form of logic.

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I disagree. Sure you can hit a free throw in your backyard, but could you even dribble the ball half way down the court against the best basketball defenders in the world?

It comes down to your definition of "worth". As the ticket sales, and Jersey sales that kobe generates (20 years with the same team, longest in NBA history, John Stockton had 19 years with the jazz) adds up to a number that is higher than his yearly salary. It's a simple math equation with bigger dollar amounts.

Do you think Lebron was worth $90 million to Nike when he was 18? You might say no, but the fact that just his shoe line generated over $300 million for Nike last year might seem justifiable.

Don't get me wrong, you can overpay athletes, just hard to argue that a franchise player like kobe does not generate more income for the team than his salary.

Yep and what's even more odd is humans such as you will find a way to justify the worth of sports star that is paid millions of uncountable dollars (provided by sports fans) that he/she will never live to spend all of, while many people here say Apple's MacBooks aren't worth the few hundred Apple charges for them when the Macbook can be used for so much more (especially making people money) and well prove it's worth many times over.

 

[s2mikey]

Very interesting. A pro athlete works 6 months a year and their work day, playing a game, is about 3 hours. You also start making millions long before you are 21 years old. To become CEO, you have to bust your arse for YEARS upon YEARS, hoping to get a chance if the cards fall the right way. During those years, you're working 10, 12, 18 hours a day away from your family. When Kobe is Tim's age, he'll have been retired for 25+ years. Everyone forgets all the work that goes into getting that job. The envy that people have towards CEO's is astounding to me. Moral of the story, learn to dunk a basketball... much more likely you'll get rich that way.

Envy? No, reality. CEOs have to bust their arse? You think Kobe rolled out of bed and just decided he was going to be the best player out there? Why don't I do that tomorrow and join the lakers? Cmon. talk about oversimplifying the whole thing.

How do you define bust your arse? CEOs don't do any actual work, as in physical labor. Kobe has to work hard to stay in top shape. What's tim gotta do? Attend meetings, slob the Wall Street knob, kiss China's behind to keep the slave labor supply good, and of course whatever photo ops he has to be at. Really hard.

 

[HKZ/MST3K]

Well, that's the thing, There is no such increase. That's what I just said. You're whole premise is false. At most you could say that they're current software is no more, no less, buggy than in the past.

Considering that IOS 7 and 8 were massive updates, biggest since the initial launch of IOS, the number of bugs are relatively small for the size of the project/the number of changes.

The bugs are getting more numerous. You can say my premise is false, but it's not. Apple software quality has been on the decline for a couple of years now. That's fact whether or not you choose to recognize it. I've never owned an iPhone that came out of the box with so many serious bugs as my 6 Plus. Bugs that significantly impact the usability of the phone, and Safari has turned to a worthless POS on both OS X and iOS. It's literally worthless on my iPad and it constantly crashes on my 6 Plus.

 

[LordVic]

QFT. Not much to add here except to note that the compensation system is heavily rigged in favor of top earners. They treat each other very well. And in the U.S. particularly, the tax system is also rigged in favor of top earners who can take most of their salaries in capital gains and dividends. Anyone who thinks otherwise simply isn't aware.

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This is such a great quote. The observation was made decades ago, but it still explains so much of the dynamics of American politics today.

that quote is the very reason why no action ever takes place on addressing the wage and class inequalities in the United States. Everyone believes they are one number away from being the next Millionaire. They're not oppressed, they just haven't earned their billion yet.

Most people do not realize that the gross inequality in the classes of today shares more in common with ancient Feudalism than with true Capitolism. That most poeople will never raise outside of their existing classes, because the 'kings' of today don't let you. They control the equity and capital, and the US is a capital run country. Those who have it, control it. They do not want the money to trickle down, because that would mean others can rise up.

 

[steve333]

The bugs are getting more numerous. You can say my premise is false, but it's not. Apple software quality has been on the decline for a couple of years now. That's fact whether or not you choose to recognize it. I've never owned an iPhone that came out of the box with so many serious bugs as my 6 Plus. Bugs that significantly impact the usability of the phone, and Safari has turned to a worthless POS on both OS X and iOS. It's literally worthless on my iPad and it constantly crashes on my 6 Plus.

Yosemite is garbage and has rendered Safari less than worthless.
Apple should pull a mea culpa and revert back to Mavericks

 

[HKZ/MST3K]

Yosemite is garbage and has rendered Safari less than worthless.
Apple should pull a mea culpa and revert back to Mavericks

I like a lot about Yosemite and wouldn't go back to Mavericks, but it cannot be denied that their software has been complete **** lately. I still don't think iOS 8 should be public even now. It's such a ****** update and my brand new 6 Plus is RIFE with idiotic bugs. My favorite is the screen completely stops recognizing my inputs at random (5-6 times a day) and the only way to fix it is to lock and then unlock the phone. Works fine after doing that until the next random moment it decides not to work again. iOS 8 is a steaming pile of garbage as far as I'm concerned and they should take a complete year off updating the OS and fix all the damn bugs. I don't care about a version number or "100 new features", I want the damn touchscreen to NEVER fail to recognize my inputs.

 

[steve333]

OK, 2 days now and Safari is working much better after I re-jiggered my apps

If anyone is having problems with Safari I suggest going to the app store and getting:
Clicktoflash
Adblock Lite
Ghostery

Curious to see if this works for others