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Apple CEO Tim Cook Taking Substantial Pay Cut in 2023 After Earning Nearly $100 Million Last Year
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lol. It's pretty easy to not be motivated by money when you're guaranteed to retire a billionaire. Tim Cook is no saint.
More like 100-200, even more if they throw in Tim’s stock options.
It will come. Don't think for a moment that Tim Cook would be "allowed" (let's be honest) in office if his performance (profit) can't justify it...
I disagree. It seems the interdependence of the world's manufacturing process was in fact disrupted by the events of 2020 and 2021.
The world did not have a backup strategy. There is nothing to suggest, imo, that having a backup strategy would be any good when almost the entirety of the world was shut down.
It's easy to criticize, but the likely outcome would have been the same no matter where suppliers and assemblers were located.
It's not short term, unless you define short term as 15 years.
They should, but in the meantime, the whole "Apple is a $2 trillion company" doesn't sound good when we compare it like that.
First really need not to use 'totem pole', please.
Next ... this is just signaling ... he's not loosing ANY money at all, in fact ... he's doubly gaining MORE $$$$.
1. Lower annual pay rate means lower taxes! More to keep in his coffers.
2. Higher performance compensation - which Apple has a HUGE discount via current stock price purchasing, means a LOT more money coming into his coffers!! And tax differed until a MUCH lower cost when charged for such income taxes.
In a 40-hour work week (just for fun), that total compensation breaks down to around $48,000/hr.
Imagine!
Imagine!
I believe Apple is now over $1 Trillion in stock buy backs since Tim took control. That is a lot of money. Sorry that Apple never thought having a Fairphone product option might be a good use of Apple's talent/profits. Instead Tim & Co. benefit from the having perfecting the branding/sale of hugely expensive (environmental costs) shiny disposable items enabled because the costs (environmental) to Apple are spillover not direct. Methinks history will not be kind.
I’m late to this thread, but I’d like to note that the pay cut is only fair since he axed the iPhone mini. 
Let's compare $100million/year to someone who makes $100thousand/year, which is already almost double the average US salary. Just to see how they might think about the purchases they make.
- Tesla Model 3: $50,000 = $50
- First-class plane ticket: $5,000 = $5
- Fancy room at the St. Regis in New York: $10,000/night = $10/night
- 2022 Lamborghini Aventador: $498,258 = $498.26
- Maxed out iPhone every year: $1,500/year = $1.50/year
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Not sure it is his fault or more Jeff Williams’ fault, but missing deadlines is not a good indicator of performance.
We’re now in a fourth calendar year in a two-year transition to Apple Silicon.
We’re now in a fourth calendar year in a two-year transition to Apple Silicon.
It's about right that Tim gave himself a pay cut. Apple is going to have a mediocre 2023, as predicted with sales, shipment, revenue and (hardware) releases.
Did Elmo give himself a raise? TSLA stock prices have been self-destructing lately, both China and Germany gigafactories are disasters, and he lit up Twitter from an empty dumpster into a dumpster fire. I'm pretty sure he got a raise.
Did Elmo give himself a raise? TSLA stock prices have been self-destructing lately, both China and Germany gigafactories are disasters, and he lit up Twitter from an empty dumpster into a dumpster fire. I'm pretty sure he got a raise.
And he’s allowed two 15-minute rest breaks and 30 minutes for lunch. 😂
Only $49 million? The last two years Cook made 100 million. He’s already got more than enough to live 100 lifetimes. It’s impossible to fathom that amount of money for the average person who is struggling day to day. I’m not against people making money, but when is enough enough?
TheYayAreaLiving 🎗️
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The problem is eggs are getting expensive.
How is Tim Cook going to pay for eggs 🥚 in California now?
He's not allowed to combine his 30 minutes lunch and his two 15-min breaks into a single HOUR-long lunch.
That's eggzactly my thoughts too!
TheYayAreaLiving 🎗️
Suspended
I’m worried. How is he going to afford the Apple Polishing Cloth?