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Apple CEO Tim Cook Now the Eighth Highest-Paid Executive in the U.S.
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You could argue both Musk and Cook earned it. Free market and all. The portion that bugs me beyond reason on that list are Oak Street Health, and GoodRx Holdings, with those two companies occupying FIVE of the top ten paid execs.
I get it. Healthcare and prescription user costs continue to skyrocket... but to what end? GoodRx Holdings alleges to do their best to find best prescription price for users... Oak Street Health for those on Medicare. I'd feel a lot more comfortable if those sorts of services didn't have a good portion of that sticker paying top execs a lot of money... close to a billion dollars each for the two companies.
I get it. Healthcare and prescription user costs continue to skyrocket... but to what end? GoodRx Holdings alleges to do their best to find best prescription price for users... Oak Street Health for those on Medicare. I'd feel a lot more comfortable if those sorts of services didn't have a good portion of that sticker paying top execs a lot of money... close to a billion dollars each for the two companies.
"Cook was paid $265 million in 2020"
That's about an average yearly salary in half an hour.
No CEO is worth it/should make that much unless it is your own company.
Anyone thinking this is normal is clearly wrong.
That's about an average yearly salary in half an hour.
No CEO is worth it/should make that much unless it is your own company.
Anyone thinking this is normal is clearly wrong.
Tim Cook deserves every penny for the value he has created for shareholders. Apple was well positioned to do well in the current environment.
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As a shareholder, he deserves every penny. The guy is a top 3, if not best CEO in the world and CEO matters a lot. Just look at what happens when companies have bad CEOs and poor leadership.
Tim Cook is underpaid relative to the value he brings to shareholders. AAPL added close to $1 Trillion in shareholder value for 2020. A lot of that is because the management did a fantastic job and top guys have all the decision making power. That is highly rewarded.
Most unabashedly boot-licking comment so far.
When you think about it that way, yes he is underpaid. One question I'm wondering, how is Elon Musk make over $595 million and what corners is he cutting? I doubt Cook wants to be in any billionaire race like Bezos and Musk, so if I was a shareholder at Tesla, I'd want some answers. Especially with some emerging stories about working in Tesla's factories too.
Yep. Or perhaps the president of America should pay himself 40% of the country’s GDP by the same logic that the guy at the top is personally responsible for all productivity and success?
Tim Cook won’t ever approach founders like Musk and Bezos because he doesn’t own massive amounts of stock.
What people don’t understand is the compounding is such a powerful force, you can’t legislate it away. If you want these companies to exist (and you do) there will be a few ultra wealthy individuals. And no, this doesn’t change your life.
The president actually has almost nothing to do with business success because governments generate no money. They only tax profit made by business people. It’s nothing close to the same as the GDP produced by for profit companies with great CEOs who make profit decisions every day.
The President is also largely a figure head with no direct power. CEOs and the board of directors have a lot of power.
There’s no problem with people being paid a lot. So long as they don’t abuse their power to take advantage of tax havens not available to the average worker. Then there’s a massive problem.
A lot of it is due to the fact that we had a global pandemic forcing people to work from home on personal computers. People needed to buy those products. I'm not sure Cook deserves credit for that.
That is true. However, before the whole Apple story about Tesla, I was already beginning to hate Musk. He uses Twitter for insider trading and has hurt a lot of startups just to line his pockets. One of my military friends correct with me the insider trading term, I didn't realize it at first, but it's true. Will the government do anything about it? Probably not. We'll have to wait for Emperor Musk to rise to power.
CEOs didn’t create tax havens, so those loopholes should be closed but nothin wrong with doing it legally.
Sure he does. He adapted the company strategy to support external factors out of his control.
Wait. So Tim Apple went from making $133M in 2019 - which was good for second - to $265M in 2020, which was good for eighth?
I guess the pandemic HAS been good for the rich.
I guess the pandemic HAS been good for the rich.
Um, did you see the latest keynote? Tim Cook was in for 2 minutes then let everyone else do the work.
Unless Tim has access to time travel so he can work more than 24 hours a day then it’s complete nonsense to suggest he can possibly be responsible for all decision making.
Keynotes don’t make decisions. Tim Cook is a beast. You should read up on him, including what Jobs said and thought about him.
All big decisions go through the CEO. He is absolutely responsible for the overall strategy which drives the company forward.
That’s the same moral relativism that says murderers didn’t invent murder and there’s nothing wrong with murder if you get away with it. Society should have just made better police if they really wanted to catch you!
So you don't think companies from other countries want to be in the US? You don't think they want to be here BECAUSE we have a great market BECAUSE we have a stable government, BECAUSE we have a free press? With the exception of China, the one trait the strongest economies in the world share is a free press. You don't think the president has anything to do with that?
Kinda gross to see people celebrating someone making so much in a time when so many are still struggling to recover from the economic effects of the pandemic.
I know it’s not Cook’s fault that capitalism promotes such inequity, but I don’t get why so many people are so overjoyed about it.
I know it’s not Cook’s fault that capitalism promotes such inequity, but I don’t get why so many people are so overjoyed about it.
You can’t make good decisions without good data.
And if you have good data then good decisions are easy.
So is Tim personally gathering data from around the world by some mystical force. Or does he perhaps rely on the good work of other people?