Eh, I don't really think anyone "earns" that amount of money. Almost no one could set out to make that type of money and succeed. I'm not convinced Musk himself started any of what he has in order to become rich.
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Apple CEO Tim Cook's 2019 Compensation Totaled Over $133 Million
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In the past, when performance-based compensation wasn’t subject to the limitation, yes. But still, as I indicated, whether compensation was subject to the limitation didn’t turn on whether it was cash or share-based. It turned on whether it was performance based.
You have to look at the opposite. Nobody will ever make that money unless you're working extremely hard for it. The opposite would be people who go get government jobs where there's a stampede for the exits precisely at 5.
Are there people who try and don't make it? Yes. Are there people who don't try and still make it? No.
1. Just barely made a profit a few quarters over the past 10 years. Mainly in debt up to their eyeballs.
2. Wealthiest company on the planet
3. Bankrupt
[automerge]1594416898[/automerge]
CEOs don't take annual salaries to avoid paying taxes; hence the tax free stock compensation.
2. Wealthiest company on the planet
3. Bankrupt
[automerge]1594416898[/automerge]
CEOs don't take annual salaries to avoid paying taxes; hence the tax free stock compensation.
All Apple employees benefit from the stock sharing program as well. They are awarded stocks every year and have the option to purchase stocks at a discounted price every 6 months.
This is amazing. Lots of retail employees make a ton of money in stock because of this.
This is amazing. Lots of retail employees make a ton of money in stock because of this.
Stock compensation isn't tax free. If Mr. Cook receives $100 million in vested shares on a given date, his income tax consequences are the same as if he received $100 million in cash compensation on that date.
Apple CEO Tim Cook was the second highest paid CEO in the United States in 2019, according to Bloomberg's list of the highest paid CEOs and executives in 2019. Cook received compensation totaling $133,727,869 by Bloomberg's count.
Almost all of Cook's compensation was provided in the form of stock awards and related performance bonuses. As reported by the SEC earlier this year, Cook received a $3 million base salary with $7.7 million in incentives, with the rest coming from stock awards that vested during the year.
Tesla CEO Elon Musk was the number one highest paid CEO in the United States during the year, receiving close to $600 million. Charger Communications CEO Tom Rutledge, former acting CEO of CBS Joseph Ianniello, Chewy CEO Sumit Singh, and Blackstone Group COO Jonathan Gray all earned over $100 million.
As for other tech company executives, Alphabet CEO Sundar Pichai earned $86 million, Intel CEO Robert Swan earned $99 million, and Microsoft CEO Satya Nadella earned $77 million.
Cook regularly contributes to charity organizations and in the past said that he plans to give away the vast majority of his wealth.
Article Link: Apple CEO Tim Cook's 2019 Compensation Totaled Over $133 Million
maybe if he wasn’t paid so much we wouldn’t pay so much for our items no wonder we pay a premium for Apple products when I guy gets paid $133 million I don’t believe anybody is worth that amount of money As a CEO what a joke
It seems like a lot until you look at Intel's CEO who makes more than the CEOs of Alphabet and Microsoft and really isn't that far behind Cook. How in the hell does that guy get paid so much when Intel has fallen so far behind the competition? I looked into it and he was an interim CEO for a couple years until being appointed permanent CEO at the very end of last year. Why? Because he was doing such a great job? Laughable!
How can Musk get so much more? Yes, the risk was all his, but Tesla is still not making a profit.
His compensation is 100% stock options. Stock options aren't worth anything when they're issued and they're worthless unless the stock price goes up, often over the period of years.
The value assigned is based on Bloomberg's prediction of what Tesla stock will do. Nobody can tell what will actually happen.
It's all fake money at this point. If Musk wants actual cash to spend, he has to wait a year to a decade to exercise the options (again, hoping that the stock went up), then sell the stock subject to insider trading plans and any other restrictions placed by the options. And even then he can't sell much, because it looks bad when the CEO is dumping large amounts of stock.
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Removing the USB adapter and the EarPods from iPhone 12 but keeping prices the same or increasing them means he will get even more money next year.
Apple products are priced to maximise revenue, which is basically business 101.
Even if Tim Cook wasn't paid that much, Apple would still have charged the prices they did because, why leave free money on the table?
His salary is a result of Apple's earnings, which is itself the result of a design-led product strategy which ultimately marginalises entire industries. Not the cause of it.
G-Force character Keyop vehicle.
I had to give a like solely for the Battle of the Planets reference. Love this show.
I had no idea how sanitized the US version was from the original Japanese one! Apparently the original had graphic violence, profanity and touched upon a heap of LGBT issues...
I read about that, for instance Keyop having quite the profane mouth in the Gatchaman version, which is why in the US version he has a speech impediment instead. There was never a 7-Zark-7 either. I've never watched the Gatchaman version - didn't know about them until later in life. It'll always be Battle of the Planets and G-Force to me.
I'm actually slowly binging the US episodes on DVDs I picked up on eBay back in April. Finished the limited Top Cow comic run a week ago. Too bad that didn't gain traction, was a good series with lots of potential.
These payments levels are just obscene no matter who it is or what they have done or not done. And calling 'compensation' , good lord! I'm astounded how anyone can justify and sympathise with these levels in any way or by naive excuses by saying they don't take home a salary. They really have pulled the blinder over people eyes.
The richest do not pay 15% on capital gains. It is 20% in the higher tax brackets plus 3.5% Obamacare tax. So it's really 23.5%. Then add state tax on there (as high as ~10% in a place like California) and 1/3 of the capital gains is being taxed. I'd say that is "fair" considering so much of the US pays zero federal income tax. You could erase capital gains and treat it like ordinary income and still not solve budget deficits. There are only so many wealthy people.
There is only so much you can tax the wealthy to "balance the budget." The wealthiest of the wealthy can just leave the country. The better way is to have every person paying their fair share like most countries in Europe/Australia etc. Even with additional social services being provided, I think most Americans would be shocked at the tax lower to mid income people pay in other countries (I've experienced it as an ex-pat.) Americans tend to make more, get taxed less, and then complain more.
Elon won't pay 3.8% on capital gains. The 3.8% rate is applied to the lesser of either your net investment income or the amount by which your modified adjusted gross income exceeds a threshold amount based on your filing status.
The wealthy need to pay their fair share. Capital gains should equal income tax rates.
No, he's pretty rich in life:
Elon Musk doubles down on his promise to 'own no house' by selling five more
Elon Musk has listed another five of his California homes. The tech billionaire now has seven properties for sale for a combined $137 million.
www.latimes.com
ELON MUSK | Inside his Crazy $70,000,000 Private Jet | N628TS | SuperYachtFan
Elon Musk is the owner of a Gulfstream G650ER private jet (N628TS). He is the cofounder of Tesla Motors and Space X. Musk net worth is $ 190 billion.
www.private-jet-fan.com
If Tesla stock fell 90%, he'd be about as rich as he was a year ago. If the stock got wiped out entirely, maybe he'd have to live the life of a lowly hedge fund manager.
It doesn't matter how leveraged you are if you've got 7 houses to sell and a private jet, you're living rich.
No man is worth this compensation. Complete thieves.
These awards are not considered capital gains. They are considered income and are taxed as such at their ordinary rates.
