Apple CEO Tim Cook Taking Substantial Pay Cut in 2023 After Earning Nearly $100 Million Last Year

[iSwift5]

As Mr. Tim Cook should! It starts from a top Leader on the totem pole.

Oh my god 😂🫣

 

[NVRAM-SMC]

Poor Tim Apple is going to have live off of instant ramen and salt & pepper sandwiches this year

 

[Abazigal]

I don’t begrudge Tim Cook his bonus during good times, just as I won’t mock Tim Cook for his reduced compensation in bad times. To me, it’s a nothingburger when you consider how Apple has fared over the years.

 

[CalMin]

If I recall, when SJ returned, he took a salary of $1

And by doing so he avoid paying millions taxes...

He was very well compensated in stock which is a lot more tax efficient. Especially if it appreciates which Apple stock did under his stewardship.

 

[Juicy Box]

Considering times of crisis and supply chain nightmare, Tim is absolute star.

Considering Apple's supply chain nightmare is pretty much all due to TC, I don't think he is the supply chain star that many people make him out to be.

 

[CalMin]

The original commenter is right. No human is worth even 1/50 that aside from Albert Einstein or Issac Newton, etc. Tim Cook is worth maybe $800,000 per year and that’s multiples and multiples over what most humans make.

I didn't say the original commenter was wrong. I was just explaining how it is. Right or wrong, this is how executive compensation is determined.

 

[TheYayAreaLiving 🎗️]

I'm curious! How much a lunch is worth with Mr. Tim Cook in 2023?

Apple CEO Tim Cook Auctions Charity Lunch at Apple Park

Apple CEO Tim Cook is partnering up with Charitybuzz for the fifth year in a row, offering Apple fans the chance to bid on a lunch with Cook where...

www.macrumors.com

 

[astroturfme]

Well this is probably a good indicator that that 1st quarter results / outlook for 2023 - is probably not so rosy.

 

[PauloSera]

Hard to tell if this is Cook admitting he didn’t do a great job last year, setting the example for belt tightening to come, or both.

Edit: Love it when people just hit disagree and give no reason why.

Its acknowledgement of the meh Apple has produced under him recently, and what's appropriate given the overall state of the global economy. He's hasn't earned any rewards.

 

[citysnaps]

He had a contract… board signed off on it. Based on it he helped make a lot of money for a lot of people. Given the optics and the economy (now and predictions) he is cool with reworking compensation to what feels more appropriate (for his position and the moment). This is consistent with Mr. Cook’s character and leadership. It’s petty to snark. How much relative to profitability did some other tech leaders make last year? Did they take a cut?

“It’s petty to snark.”

Sadly that’s the way it is here every day. Always a race to the bottom with inane juvenile remarks.

 

[Boatboy24]

He might have to become influencer to compensate that loss. Or take part in "Celebrity Big Brother".

I heard he's opened an OnlyFans account.

(kidding!)

 

[Scotticus]

$100M in ONE YEAR. There is something deeply wrong with this country.

 

[jjudson]

I'd be happy if he took a 100% pay cut and learned to live on his golden parachute...

 

[I7guy]

Considering Apple's supply chain nightmare is pretty much all due to TC, I don't think he is the supply chain star that many people make him out to be.

What supply chain nightmare over the years that has served apple well? And in more recent times have hit multiple industries?

 

[tgwaste]

Maybe they can change the Apple One plan price back to the way it was then.

 

[citysnaps]

I hope he will be ok. We all need to sacrifice during these challenging times.

But seriously given Apples profitability he is underpaid. Way underpaid.

Spot on. And that profitability is due to Apple giving its customers what they want - outstanding products. 400,000+ iPhones every day of the year (on the average), for example.

 

[Mr_Risin_Mojo]

99M 49M 10M... I can't see a difference but maybe that's because I'm not used to see eight-figure-numbers on my paycheck🤑

 

[citysnaps]

That thought did cross my mind.

Like chum in the water, this thread is sure to be an insufferable blood bath in mere minutes.

Yep. Always a race to the bottom with inane snarky juvenile comments.

 

[vegetassj4]

You guys thought I was joking with this post: https://forums.macrumors.com/thread...price-continues-to-fall.2375732/post-31848652

Please, buy any surplus Apple devices you can (and don't forget to tip your geniuses)

 

[Octavius8]

How about a lottery of sharing 100Million among 1000 employees once every 3 years?.

 

[Edgecrusherr]

They’re using that leftover $50 million to better paid their retail employees, right?

 

[Octavius8]

It is insane the salary/income difference. At least a lottery would be super appreciated. Of course salary raises would be better, but capitalism prohibits the “low level” employees to have a share of the real profits of the company….

 

[Naraxus]

Forget a paycut. For what he did to the company Jobs left him he should be thrown out on his ass out the front door

 

[unchecked]

Are we supposed to feel sorry for him?

There’s nothing in the statement to suggest he’s fishing for pity. This post is written in about as matter of fact as possible too. Not sure why we think he’s playing the world’s smallest violin.

 

[Naraxus]

“It’s petty to snark.”

Sadly that’s the way it is here every day. Always a race to the bottom with inane juvenile remarks.

Which you feel compelled to comment on every time a Time Cook post is made.

Why not take your own advice and just ignore it?