Docks his own pay-- Damned impressive move by Tim Cook

Discussion in 'Apple, Inc and Tech Industry' started by elgrecomac, Dec 30, 2013.

  1. elgrecomac macrumors 65816

    elgrecomac

    Joined:
    Jan 15, 2008
    Location:
    San Diego
    #1
    Regardless of what some may say about TCs leadership, this is real leadership....and he is doing it with his pocketbook.

    Bravo, Tim


    Tim Cook docks himself $4 million in pay....

    His decision was made out of a "strong desire to set a leadership example in the area of CEO compensation and governance," Apple said in its filing.

    http://money.cnn.com/2013/12/30/technology/tim-cook-pay/index.html?hpt=hp_t2
     
  2. vvswarup macrumors 6502a

    Joined:
    Jul 21, 2010
    #2
    As a purely symbolic move, I applaud Tim Cook on this. I don't know how many CEOs would have done that.

    But let's face it. Tim Cook has got plenty of money with or without this compensation. It's not like he agreed to work for free for a whole year.
     
  3. Rogifan macrumors P6

    Rogifan

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    Nov 14, 2011
    #3
    Not sure I like it, especially if it's tied to short term stock performance. There's nothing rational about the way Wall Street views Apple. And I would hate to see an Apple CEO make decisions based on short term stock performance (because his/her compensation is tied to it).
     
  4. MacCruiskeen macrumors 6502

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    #4
    As opposed to, say, the views of MacForums users?
     
  5. Mousse macrumors 68000

    Mousse

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    #5
    This IS impressive for a CEO of a US company. But the gold standard of CEO's in my book is still the boss of Japan Airline. The business culture in 'Murica is what it is. It's nice to see at least ONE CEO taking steps to change that. Bravo, indeed.
     
  6. Rogifan macrumors P6

    Rogifan

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    Nov 14, 2011
    #6
    We don't determine Cook's salary or Apple's stock price.

    Besides if it was up to MacRumors forum users Cook would probably be fired by now. :)
     
  7. MyMac1976 macrumors 6502

    MyMac1976

    Joined:
    Apr 14, 2013
    #7
    Lee Iacocca took a dollar a year salary while he was restructuring Chrysler and paying the loan back. None of these men are poor nor while they notice the loss but the gesture speaks
     
  8. chrono1081 macrumors 604

    chrono1081

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    #8
    Holy crap do something good and get damned for it on Macrumors.

    Grow up people, the guy did something most CEO's wouldn't do. Does he have lots of money? Sure but giving up a giant piece of ones salary is nothing to sniff at.
     
  9. MacCruiskeen macrumors 6502

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    Nov 9, 2011
    #9
    That may be so, but the views here still aren't any more rational than anywhere else.
     

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