He is just resting on Steve Jobs legacy.
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Shareholders Advisory Group Doesn't Want Tim Cook to Get $99 Million Pay Package
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Yep -- Really wealthy folks touting that they will "donate it all" (or a large portion of "it") is just a smokescreen to distract from the heavy taxation and distribution that needs to occur.
(I'm talking at the top top top end of things -- nothing anybody on this forum would be hit by)
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Think about what you just said..
You're giving leadership all kinds of credit for "reversing mistakes"
What about holding them to account for making those mistakes and, with some lineups (like laptops), having a purgatory of rather "meh" products for a good 4+ year run.
A large portion (most) of the compensation is in stocks that probably take several years to completely vest before he gets them. So it's a direct incentive for Tim Apple to make sure the company stays on track or his compensation gets cut.
Tim is at the point he's very wealthy with the money he already has. He doesn't have to actually work at Apple, so the board must really want him to stay and keep going.
Apple does not make 3T dollars. That’s not how valuations work.
Hardly
How Steve Jobs finally persuaded a 37-year-old Tim Cook to join a near-bankrupt Apple in 1998 - CNBC
In March 1998, Jobs hired Cook, aged 37, as senior vice president of worldwide operations, with a base salary of $400,000 and a $500,000 signing bonus.
At the time, Apple was not a place where very many people wanted to work. The company was near-bankrupt and employee morale was low. Cook was well aware that he was inheriting a mess.
Given the sizable job of overhauling Apple’s manufacturing and distribution, Cook ended up being one of the best hires Jobs ever made. Coming from a procurement background, he couldn’t have been a better fit for Apple — and for Jobs personally.
″[Cook] had the same vision I did,” Jobs told Walter Issacson, author of the biography “Steve Jobs.” “We could interact at a high strategic level, and I could just forget about a lot of things unless he came and pinged me.”
It was a perfect match.
Does anybody remember the Home Depot CEO exit?? During his approx 5 years at Home Depot he made about $65M and his exit package was over $200M. All of this was after he nearly ran Home Depot to the ground. I don't know if ISS was in existence at that time, but if they were, they did not speak up.
Yes, it will be more. But the question you should be asking is to whose life will the pay increase have a more meaningful impact, the retail store employee making an extra couple thousand a year or Tim Cook getting $99 million when he earned $98.7 million in 2021? Look at the immediate impact and the long term impact, not to mention the impact on socieity as a whole.
IMHO everyone that has followed the auto industry knows it is a investment minefield. We haven't seen Apple loose big time to pursuing making intelligent subsystems that various Automotive companies can use, not cars. VR is an another speculative endeavor that Apple is pursuing, we all see the possibilities but what will be the end product? Either example we know that 2022 is too early to see any fruit.
I think they're both pretty great for a variety of reasons.
However, building the plane and getting it to 5,000 feet compared to getting it from 5,000 feet to 50,000 feet are two very different sets of accomplishments, each performed by two very different people who (are/were) each almost perfectly suited for their respective tenures. Personally, I don't think they can be properly compared in almost any vector. Some will prefer act 1 of getting it to where act 2 begins, and some will prefer the maturity of how act 2 was performed. I think both are extraordinary.
WOW! this is one RICH CEO. rolling in the BIG BUCKS. I VOTE NO TOO.
reasons?
Monterey is a BIG MESS. Windows Vista mess.
IOS 14 was much better than the current IOS 15
iPhone new features have become boring. same phone as last year.
reasons?
Monterey is a BIG MESS. Windows Vista mess.
IOS 14 was much better than the current IOS 15
iPhone new features have become boring. same phone as last year.
under his leadership, software QC has gotten worse and worse.
Woz "build that plane", so.....
1000s and 1000 of past and current CEOs all over the world, claiming that Jobs was GOAT ignoring all his failures, quirks and lucky breaks is just naive.
Yes, that's something i have to accredit, Tim C. managed to optimize the production pipeline (whip-whip-whip) and outsource even more to China. Yeah yeah America first! ?
To me that's still resting on Steve Jobs legacy, product wise.
The Apple Watch is the only successful product that might have been partly made under his leadership, but probably raw concepts was done earlier by S.J., too.
Iirc he left a multiple year plan with products to safe the future of Apple.
He died late 2011, the Apple Watch was released 2015.
M1 just falls under logical Apple CPU evolution to me.
Apple keeps flip/flopping hardware design, because they are running out of creativity, too.
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I am sure Tim Cool is able to handle his negotiations just fine. A better focus on news would be pay for front line Apple workers and not the already very well compensated CEO.
It's almost as if he did his job properly and we think he should be rewarded as was agreed upon well in advance.