Apple CEO Tim Cook Earned Over $15 Million in 2018, Not Counting Stock Awards

Discussion in 'Mac Blog Discussion' started by MacRumors, Jan 8, 2019.

  1. FairlyKors macrumors member

    FairlyKors

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    #26
    Some of these comments are so tragically naive. Your primary care physician, the partners at your accounting firm or maybe your lawyer are the people most likely to be part of this “nefarious” 1% club. Tim Cook belongs, in many ways, to a 1 in 7 billion club, having led a company to become the first to be publicly valued at one trillion dollars. (Who cares if it’s not worth exactly that much right now, that’s not the point.) In terms of intellect and ability, only one male or female like him is born for every 10,000 people (likely higher). That just is what it is. The ultimate lottery is the one you don’t actually play, at the moment of your birth. Given husband talent, ambition and everything else he was lucky enough to achieve, should he really be making what Bob down at the auto shop is making, Lear we live in an unfair, unjust and cruel society? If you want to be completely pedantic about it, then I think it’s fair that he earns more than, say, every 9,999 people. You can do the math if you want that number. Or, if you’re Tim Cook you probably did it in your head before finishing the sentence. It’s odd to me that people simply cannot accept *anything* that falls more than one or two standard deviations outside their tiny slice of human experience.

    Given the value that Tim Cook has contributed at Apple—keeping in mind that simply not sinking the ship, or keeping in on a steady course is of massive value by itself—an annual salary of less than $20 million dollars is absolutely nothing.

    If you want to feel righteously judgemental, try and find the very well hidden executives who lead corporations that engage in the international arms trade, or in mercenary contract work. Or fracking. There are people out there making a **** ton more than Tim, doing things so horrific they pay 10’a of millions just to keep it all out of the press. In fact, we won’t know about a lot of what these completely amoral/immoral f***s are doing until 100’s or 1,000’s of people start dying in specific communities for “no reason.” Or an obscure Top Secret internal government report ties the illegal sale of arms by a greedy U.S. corporation (guided by a small, brutally profit-driven team) to a “terrorist group” that went on to murder 20,000 (or so) people during a conflict like the current Saudi-Yemeni s***show.

    I know it’s tempting to want to publicly stone Tom Cook since he’s made “so much money!” but keep in mind that of all of those making serious money like that, he’s not a bad guy. (As far as I know—plus, I don’t think he has the time to be truly evil anyway.)
     
  2. apolloa macrumors G4

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    #27
    When we still live in a world with third world countries in which their is famine, women walk for miles and miles every single day to get water, then it’s wrong and rather worrying for you to post a comment like that.....
    Here in the UK we have food banks even and the number of people living in the streets has shot up, and let’s mot forget those who serve for their country’s and I believe this can include the US, are treated like garbage once they are out and run into difficulties.

    If you actually bother to look at the modern world, you will see many many many things wrong with it and would question human nature, intelligence and ethics but your defending the 1% because it doesn’t affect you.

    And the work ethic of a ceo usually means how prepared you are to walk over others to get to the top. It’s like the traders and bankers during the last big crash, in London and New York they would screw over millions so they could make a bigger bonus then their mate across the desk and float to them, that’s the ethics they had.
     
  3. FairlyKors macrumors member

    FairlyKors

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    #28
    Does my comment sound naive? Or like a blanket defense of the 1%? To assume someone is a bd actor because they work as a CEO, because they make a high salary or because of the industry they work in, is itself an unfair, negative and divisive way to stereotype. In fact, it really helps to have an understanding, kind CEO on you’re side if you happen to run (or work for) a struggling non-profit. I know this by personal experience having worked as an accountant for a small non-profit that helps homeless kids and teenagers—many of whom were kicked out of their homes (or left) for truly awful reasons.

    My comment was addressed to people personally condemning Tim Cook (or “the 1%”) solely for making salaries commensurate with their jobs. Automatically judging any “group of people” who only exist together within an amoral contruct is very dangerous. And in this case it only throws fuel on the fire created by the systemic inequality of uneven wealth distribution—an issue that isn’t any one person’s fault. Life is far more complicated than that. There are plenty of “1%’ers” (not *those* 1%’ers) who are great people, and vice-versa. (As if we need any more reasons to automatically stereotype and judge other people right now?)

    In the US, more than any other issue, I believe we need to come back together as neighbors and fellow human beings. It’s comically out of hand, by not the least bit funny. The false (IMHO) division that’s infected us in the U.S. not only creates tremendous animosity and hatred, but it also carries a huge opportunity cost with it—since not nearly as much gets done for those in need when the “other guy” or the “other party” is always the enemy. Based on your comment, I’d guess that we would agree on this topic as a whole, far more than we’d disagree. Income inequality is a deeply entrenched issue and it’s very difficult to get at. (Agreeing that large income inequality is a problem doesn’t invalidate what I’ve said about stereotyping “the 1%”—or whatever you want to call that ridiculous way of diving up people—nor does it mean I don’t care about any of humanity’s other pressing issues.)
     
  4. ksec macrumors 6502

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    #29
    My previous company had a revenue of $300M and its CEO had a $1M basic salary. Never quite understand how that work out.

    Although I remember Tim Cook had nearly $200M stock compensation last year.
     
  5. AnthonyG6 macrumors regular

    AnthonyG6

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    #30
    Good luck to him I say! Tim Cook taking a salary cut isn't going to change world poverty. Apple is not a Publicly Funded company and what Apple decides to pay it's CEO and other employees is it's own business. As long as the shareholders are seeing a return on their investment I don't see what it has got to do with anyone else?
     
  6. saudade macrumors 6502

    saudade

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    #31
    Yea me too but anyway 15M its a lot of money, more than he and his wife could spend imho except they go 2 often to casinos or buy big mansions and cars and cuban cigars or things like that that cost a lot. Otherwise no way to spend that much if u work all the day.
     
  7. apolloa macrumors G4

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    #32
    It’s human nature. That’s the issue I guess really, when you look at our behaviour sometimes it’s not too dissimilar to that of animals. I don’t think Cook is worth his wage based on his performance, not that he’s a 1%, I don’t think he’s there yet?
    Good post though and I think we would agree.
     
  8. Bacillus Suspended

    Bacillus

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    #33
    And then, the question is whether he’ll accept it - his public statements about remuneration and compensation (“not important, not a motivator”) say enough. Such a humble man
    --- Post Merged, Jan 9, 2019 ---
    Well, the return has been a big minus lately and all that was asked to Cook is to stay competitive price/performance wise in its main product category.
    Was that successful ?
     
  9. sdwaltz macrumors 6502a

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    #34
    To take it even further, no one taking a salary cut would change world poverty, or even domestic poverty for that matter.
     
  10. AlexGraphicD macrumors 6502

    AlexGraphicD

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    #35
    With that redicilous amount of money he should donate half to poor countries to build infrastructure and provide food and water.

    I’m against high taxation and stealing from the rich. I believe people should have the conscience and the heart to help those in need out of selflessness and desire to improve this world.

    And yes, if I had that kind of money I would donate a large sum. Having all those millions sit there doesn’t do anything for me personally.

    I just can’t understand how this person makes all these millions and lectures the world about SJW causes but at the same time he chooses to keep all of that money for himself when there are currently more than 2 billion people living under poverty. Total hypocrite to say the least.
     
  11. unplugme71 macrumors 68030

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    #36
    3 million salary for being one of the highest market cap stocks. Impressed actually.

    There’s lot of other CEOs at much smaller companies who earn more base salary than that and still get a crap ton of bonuses added on.
     
  12. sdwaltz macrumors 6502a

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    #37
    He's on record stating that his heirs will receive basically nothing when he passes, and that almost all of his wealth will be donated to charities and universities.
     
  13. AlexGraphicD macrumors 6502

    AlexGraphicD

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    #38
    But why not donate his wealth right now before he passes?
     
  14. roland.g macrumors 603

    roland.g

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    #39
    That was Steve Jobs.

    Honestly Tim Cook has not been good for Apple. But what can you do. He’s not going anywhere.
     
  15. Carnegie macrumors 6502

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    #40
    Do you have reason to believe he hasn't been donating substantial amounts?

    We now of some charitable giving that he's done because of SEC filing requirements. But who knows how much more he's done? We wouldn't necessarily know about it.
     
  16. sdwaltz macrumors 6502a

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    #41
    Why is it your place to determine what he does with his money?
     
  17. Carnegie macrumors 6502

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    #42
    I suspect that Mr. Cook's level of compensation (which is considerable, but not at all unreasonable I think given the circumstances) has more to do with shareholder's wanting to feel that his (financial) interests are sufficiently aligned with their own than it has to with Mr. Cook desiring to get paid enormous amounts. He likely could command more compensation if he wanted it. And he's already declined to accept many millions worth of compensation which he's entitled.
    --- Post Merged, Jan 9, 2019 ---
    Yeah, Mr. Jobs took a $1 salary as CEO of Apple. But he was very well compensated, in the form of stock, for doing that job.
     
  18. roland.g macrumors 603

    roland.g

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    #43
    I didn’t say he didn’t get stock too. But Tim gets stock and salary. I was simply answering that unlike SJ, Tim does not take a $1 salary, which the poster was questioning.
     
  19. Carnegie macrumors 6502

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    #44
    I didn't meant to suggest you had said or suggested more than you had. I was just providing additional information.
     
  20. Bacillus, Jan 9, 2019
    Last edited: Jan 9, 2019

    Bacillus Suspended

    Bacillus

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    #45
    if Jobs earned $1, Tim should be topped at $ 0,90
     
  21. roland.g macrumors 603

    roland.g

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    #46
    90 Yen maybe.
     
  22. AlexGraphicD macrumors 6502

    AlexGraphicD

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    #47
    It’s not my place to determine. Im just pointing out his hypocrisy as a person who claims to care about the world and those in need. I’m sure we would all know by now if he indeed donated some of his easy earned millions to poor people.
     
  23. C DM macrumors Sandy Bridge

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    #48
    Not sure where the hypocrisy is.
     
  24. AlexGraphicD macrumors 6502

    AlexGraphicD

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    #49
    Well, he talks and acts like money is not important. He pretends like he has this higher moral ground and his SJW causes are above money. If that’s the case, why is he holding all these millions for? That’s where the hypocrisy is.
     
  25. C DM macrumors Sandy Bridge

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    #50
    Doesn't seem like he talks like money isn't important or anything like that. There are causes that are important outside of money. It doesn't mean that there are many other things that are important. Pretty much all those things need money. Hypocrisy isn't something that's in play there it would seem.
     

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