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Apple CEO Tim Cook Now the Eighth Highest-Paid Executive in the U.S.
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Because you don't understand math? Divide Cooks salary with the number of Macs sold yearly.
Angry people need red meat to stay angry, even the vegans.This type of data always bothers me since most of the compensation is based on vested stock options that were granted when AAPL was fraction of the current price. Let's not overlook that AAPL was about $27/share 6 years ago. And just two years ago, it was still at about $50/share.
Investopedia shows the actual "current" value of Tim Cook's compensation for 2020. It was valued at $14.8M that includes $3M in actual cash.
Apple CEO Tim Cook Gets Pay Raise
Apple CEO Tim Cook received a higher compensation package in 2020 compared to the previous year as global work-from-home policies due to the coronavirus pandemic helped boost Apple’s profits for the year.www.investopedia.com
Cook's wealth will eventually get spent by someone. When it is it will trickledown to people with far less wealth some of who may be just as wealthy as Tim is today. He can't take it with him when he dies and, like his corporeal body, he wealth with be recycled.
Oh wow, he makes thousands of times more than the average NYC employee (one of the world's most expensive cities)...or even engineers and corporate employees.
www.careerbliss.com
Apple Salaries | How Much Does Apple Pay in the USA Page 2 of 67 | CareerBliss
Apple employees earn $45,000 annually on average, or $22 per hour. Visit CareerBliss to research Apple salaries, reviews and benefits. Explore Apple salaries by top job title or location.
Darth Tulhu
macrumors 68020
That is a LOT of money you can't take with you beyond the end.
I believe these guys are truly motivated by something other than money, because there's simply no reason to keep working when you already have more money than you could ever (realistically) spend. Steve Jobs certainly was that way.
Keep going fellas! More, and better products for us plebs!
I believe these guys are truly motivated by something other than money, because there's simply no reason to keep working when you already have more money than you could ever (realistically) spend. Steve Jobs certainly was that way.
Keep going fellas! More, and better products for us plebs!
Sure, but Cook isn't head of Mac products, he's head of all Apple products. So include all the iPhones, Apple Watches, Apple TVs and everything else and now, getting rid of Cook's compensation would only reduce prices less than a dollar.
The figure is hard to believe that senior engineers at Apple make less than $150K.Oh wow, he makes thousands of times more than the average NYC employee (one of the world's most expensive cities)...or even engineers and corporate employees.
Apple Salaries | How Much Does Apple Pay in the USA Page 2 of 67 | CareerBliss
Apple employees earn $45,000 annually on average, or $22 per hour. Visit CareerBliss to research Apple salaries, reviews and benefits. Explore Apple salaries by top job title or location.
It's not like I'm a fan of Tim Cook—I'm indifferent—but where are all the Chicken Littles always screaming about how Apple has been DOOMED under Cook for going on 10 years?!?!?
*crickets*
*crickets*
Oh wow, he makes thousands of times more than the average NYC employee (one of the world's most expensive cities)...or even engineers and corporate employees.
Apple Salaries | How Much Does Apple Pay in the USA Page 2 of 67 | CareerBliss
Apple employees earn $45,000 annually on average, or $22 per hour. Visit CareerBliss to research Apple salaries, reviews and benefits. Explore Apple salaries by top job title or location.
Could one of those average NYC employees step into Cook's shoes and successfully run Apple?
I guess people are forgetting that Cook donates most of his earnings or had plans set up to once he passes on. I think years ago, he stated he would help his nephews and nieces with college funding, after that it would all end up going to charities that do something for people.
I can easily address that for you. People like Cook and Bezos got richer during the pandemic because the rest of the world foolishly blew a bankroll to Apple, Amazon and the others from their pandemic unemployment. Instead of saving the money they unmercifully spent on “feel good” toys to keep them entertained while quarantined. While some things were necessities there was still a lot of stupid spending from people out of a job. Don’t blame the top execs for getting richer. The people “struggling” during the pandemic are responsible for their upgraded wealth.
NOT very significant, he doesn't have a family !
Also, as other have pointed out, Apple & others benefited "significantly" from Government Stimulus !
Also, as other have pointed out, Apple & others benefited "significantly" from Government Stimulus !
It's the averages. This is another site:
Average Apple Computer, Inc Salary in 2024 | PayScale
The average salary for Apple Computer, Inc employees is $131,632 in 2024. Visit PayScale to research Apple Computer, Inc salaries, bonuses, reviews, benefits, and more!
www.payscale.com
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That survey includes results from 2,097 Apple Employees - do you really think that is a good representation of the actual average salaries across all positions? I don't.
At $133 million and an average salary of a really good engineer at about $160k, that makes him as valuable as 1000 engineers. Nope
I have a real issue with CEO compensation where buddies sit on the boards of various companies and all the "boys" get paid.
Look at who sits on what board.
He didn't invent any of the products. He's not a visionary. He's a company manager and I bet dollars to donuts there are plenty of people that can do that job.
But when non-founders of companies make lotto money per year, it's a problem.
Do I have a problem with Larry Ellison or Elon Musk compensation? Nope. Founders
Big difference.
Mind you this is also a company that has been in trouble more than once being anti competitive by working with other tech companies not to "poach" or hire others employees with the agreement they won't come after or hire Apple employees.
That suppresses engineer wages like you wouldn't believe.
I have a real issue with CEO compensation where buddies sit on the boards of various companies and all the "boys" get paid.
Look at who sits on what board.
He didn't invent any of the products. He's not a visionary. He's a company manager and I bet dollars to donuts there are plenty of people that can do that job.
But when non-founders of companies make lotto money per year, it's a problem.
Do I have a problem with Larry Ellison or Elon Musk compensation? Nope. Founders
Big difference.
Mind you this is also a company that has been in trouble more than once being anti competitive by working with other tech companies not to "poach" or hire others employees with the agreement they won't come after or hire Apple employees.
That suppresses engineer wages like you wouldn't believe.
Cook is like a robot.
No scandals, no questionable social media posts (Hello Elon...), no publicly aired relation-ship problems, no drugs, no drunken fallouts - nothing.
Jobs stayed out of Hollywood, too, but he had his share of scandals and questionable decisions.
But Cook would make a pristine bed-sheet look dirty.
No scandals, no questionable social media posts (Hello Elon...), no publicly aired relation-ship problems, no drugs, no drunken fallouts - nothing.
Jobs stayed out of Hollywood, too, but he had his share of scandals and questionable decisions.
But Cook would make a pristine bed-sheet look dirty.
Tim Cook almost doubled the stock price in 2020. Worth every penny to Apple.
This is one area where the cost savings from not offering backlit keys on the new Magic Keyboard goes. Yay! But this man is shepherding the company adequately, just that the pricing of products is going a little too northwards for comfort and the products themselves seem to lack the most basic of things expected for long, is all. 😅
Oh yes, give them ideas. I fully want my iPhones to cost USD 3999 to compensate Mr. Cook adequately.
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Too many news articles conflate asset wealth with income. Tim Cook did not earn a salary of $265M last year. Per the article above, his salary was around $14M. It was his vested stock options, that were awarded years before, and performance bonuses that propelled him to the high levels that he is at.
Yeah and the guy in the clown costume should be getting at least 40% of McDonald’s revenue right?