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Apple CEO Tim Cook's 2019 Compensation Totaled Over $133 Million
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Still why overpaid no matter what you think we pay a premium price but we don’t get a premium product.
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Doesn’t make any difference to guys still not worth that much money he might be the CEO but he doesn’t innovate not like Steve Jobs did he was worth the money.
It will be premium in the areas I care about (I am assuming the cost savings go towards offsetting the higher cost of components elsewhere), while compromising in areas I don’t really care for (like I said elsewhere, I have enough chargers to go round).
Which is basically what customers like myself pay Apple to do - know how and where to compromise in to maximise benefits while minimising downsides.
By and large, Apple is still making the right calls (for me at least).
That’s not his job (to innovate).
Back when Steve Jobs was CEO of Apple, he basically delegated all his daily administrative duties to Tim Cook, freeing him up to focus on designing new products. So in a sense, it can be argued that it was Steve Jobs who wasn’t fulfilling his duties as CEO of Apple (though to be fair, nobody cared).
After Steve Jobs died, the role of product visionary was then passed on (naturally) to Jony Ive.
So Tim Cook is the one actually doing a proper job of discharging his duties as CEO. Something he has been gaining experience in long before Steve Jobs passed away. And his pay reflects the value he adds by ensuring that the trains arrive and leave the station on time (metaphorically speaking) so that everyone else can get to work on time and do their jobs properly.
And it shows in that Apple is a tightly-run ship, capable of updating their hardware and software like clockwork, and ensuring everything integrates together. Even Steven Sinofsky has gone on twitter expressing his admiration of Apple’s ability to execute and put the end product above workplace politics and personal agendas.
Tim Cook’s experience with supply chain management also shows in Apple’s ability to manufacture and ship hundreds of millions of iPhones every year without fail. This is why I continue to argue that the next CEO of Apple needs to be someone who has worked his way up the ranks via supply chain management as well.
Not product design.
As the saying goes - you reap what you sow. And for Apple, the end result of Tim Cook running Apple so efficiently is its huge profitability, because the best ideas are moot if you can’t execute properly or worse, not be able to make enough of them to sell. Something other companies like Microsoft and Google can attest to.
In your opinion, of course.
In the eyes of the board of directors, whatever Tim’s compensation is...is his worth to Apple.
nice astroturfing but most of what you said is false, for example musk NEVER founded tesla,
I’d note that at Apple’s current share price - around $390 - Mr. Cook would be set to receive more than $700 million worth of shares over the next 14 months. To date he’s received around $640 million worth of shares from the RSU award he was given when he became CEO.
And, to be clear, when I say receive I don’t mean he actually got or will get that much in shares. More than half has been and probably will be withheld for tax purposes.
And, to be clear, when I say receive I don’t mean he actually got or will get that much in shares. More than half has been and probably will be withheld for tax purposes.
I'm not sure why people enjoy this half-truth so much.
Matin Eberhard and Marc Tarpenning were friends since at least 1997. In July 2003, they incorporate Tesla in response to GM crushing the EV1. In January, Ian Wright joins as employee #3, while in February, Elon Musk joins as employee #4, primary investor, and chairman, plus makes Eberhard the CEO. In May, J.B. Staubel joins as employee #5.
In September 2009, they collectively sign a document saying that all five of them were founders.
When is a company founded and who are its founders? If you think that July 2003 document was significant, I'd guess you haven't founded a company before. As much happens in the week before the document is signed as in the week after. You're tinkering in a garage or hacking in a bedroom for a week before, and you're still doing it a week later. When does it become real? I'd say it's when you start really spending money, and making arrangements where you'll continually be spending money (say, continuously paying rent, or payroll). Prior to Musk joining, they don't have the money to do that. Prior to later employees, there is no payroll. If you're there before payroll and rent starts getting paid, I'd say you count as a founder.
You skip the whole part about the lawsuit leading them to sign the agreement. Until 2009, only Elon thought of himself as founder he is now officially, a retroactive co-founder because of the lawsuit. The only two actual founders of the company are Eberhard and Tarpenning. The other two retroactive co-founders of Tesla are Wright and Staubel.
-Tig
Yes organising to charge us small for our products as CEO Tim Cook is only increase the price of products and lowered the price of his parts so that’s why now they’re trillion dollar company and were the ones paying for it.