Nobody is wanting to do that
The debate is about what's "fair" for him personally
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Shareholders Advisory Group Doesn't Want Tim Cook to Get $99 Million Pay Package
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Nobody is wanting to do that
The debate is about what's "fair" for him personally
Outing myself here, but I can't stand Tim Cook for a myriad of reasons, but that said, what are all of these "comparable companies" to which apple is compared? How many $3Trillion businesses are there out there? Seems like we're talking about a fairly small pool for comparison.
I'd be a fan of reigning in politicians getting rich off of insider trading before we start getting all upset at how private boards decide to compensate their corporate employees.
This would be a good use of the negative energy people direct at the success of others, doing little more than compensating for their own lack of accomplishment in life. All of these self-righteous people complaining about other peoples' money ... I'd love to see what they'd do if they won the lottery.
I am when it is effecting both quality and innovation like it is with the current Apple.
It is real easy to generate profits. All you have to do is not invest into the future.
With Apple he is squeezing the company so far that both Quality and Brand are suffering in the long run. Sure, right now, teenagers don't care. But eventually Apple will be priced out of the market. Prices too high and quality too low for any sensible person to make that tradeoff. At some point shiny losses it value. That is why Ive got out.
These shareholders are trying to rock the boat - Pay the man his money.
I think they did both though. They gave ALL employees a raise and the CEO gets a bonus for hitting milestones and leading a a very profitable and successful company. I think in the vast majority of companies the raise for all employees doesn't exist, but the CEO still gets the bonus based on performance targets.
I'm a shareholder and I am more than happy to rock this boat.
The product/service decisions that have been pushed through under Tim Cook in the last few years have been questionable at best. Sure, he's great at pulling stuff from the parts bin to make a new product on the cheap and earn some more $$ - But I'm here for the innovation.
There's simply no basis here for attributing market cap growth of an already very healthy public company to this one man. The stock market is not rational and market cap is not profit. Especially dubious given what Apple did to their Mac lineup following Job's passing.
Neither am I worried about his pay package. AAPL has made me something that I never thought I would be and I know my wife and daughter will be taken care of after I am gone (terminal cancer) but that is a millionaire, just barely by like 10k. No I am not being arrogant or bragging or anything like that. They needed to be taken care of first and foremost. I do however thank Mr. Cook and Co. for letting me be in this position with what is going on in my personal life. So as far as I am concerned, he definitely has earned that pay package. Why bite the hand that feeds you.
There are two reasons for those mistakes. One is Intel missing its promises year after year after year. You can see what apple expected from them by the way they built their thin machines and what kind of CPU Intel shipped that just couldn't meet Apples thermal requirements. Apple finally kicked Intel out and made its own CPUs which fit perfectly what Apple planned all along anyway.
Second reason for those mistake was a British guy who also got the boot who seemed obsessed with form over function and useless thinness. Finally Apple is making great hardware again.
So yes seeing the mistakes you make, having the balls to admit you made mistakes, and reversing course, those are things I like in a person.
The market cap growth imo, is the indirect outcome of new products, new services and record breaking revenue.
Apple is only company that has managed to retain some creativity. It is not great, but they are taking one step ahead. Other product companies like Dell, Asus, HP (laptop area) Samsung, Motorola, (mobile) haven't made a huge difference either. All of them are stuck in the same rut trying to figure out what's the next Big Bang.
On the software side, Android, Windows 11 and Chrome OS are all stuck - just delivering a few cosmetic changes.
At what level I deem his compensation to be fair, seems to be clearly different than your view of fair.
99 million to one man while millions go without food or shelter or any comforts of life.
That is just a perspective thing and not a political or assessment or even an opinion on Tim Cooks compensation.
Just hard to wrap my mind around it.
That is just a perspective thing and not a political or assessment or even an opinion on Tim Cooks compensation.
Just hard to wrap my mind around it.
Hey, a million bucks ain't what it used to be. The average salary in Zimbabwe is over a trillion dollars! (Maybe Apple will pay Tim Cook in "Z" dollars!
That is so much money. Really, who is worth that much in one payment?
I could change my tune if MacRumors also finds and posts Tim’s payment to the Federal Government and the State of California in the form of taxes.
It won’t matter what anyone thinks, he could still get the money.
I could boycott Apple, which also makes no difference.
This is better than Amazon perhaps.
Tim is not the owner, just a very well compensated CEO.
This might make Warren Buffet blush, or not.
To think Tim is not a Gigillionaire because he has AT&T Fiber.
I could change my tune if MacRumors also finds and posts Tim’s payment to the Federal Government and the State of California in the form of taxes.
It won’t matter what anyone thinks, he could still get the money.
I could boycott Apple, which also makes no difference.
This is better than Amazon perhaps.
Tim is not the owner, just a very well compensated CEO.
This might make Warren Buffet blush, or not.
To think Tim is not a Gigillionaire because he has AT&T Fiber.
Innovation is definitely how long-term growth will be achieved. Don’t want this success story to peak if the iPhone someday no longer draws annual fanfare.
One thing to know about the really rich..
There is no amount that's ever enough.
It's not about need or even want.
It becomes about scorekeeping against the others in their sphere.
It ultimately gets down to baseline human ego and competition and totally detaches from reality of needs or even desires.
There is no amount that's ever enough.
It's not about need or even want.
It becomes about scorekeeping against the others in their sphere.
It ultimately gets down to baseline human ego and competition and totally detaches from reality of needs or even desires.
Oh please. That is just wealthy people talk for putting it into a bs charity slush fund that my friends & family will "oversee" to avoid paying taxes on the money.
It's one of the oldest scams going