And apple didn’t magically ride the wave. If the giant didn’t perform there would be only two companies on that chart,
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Shareholders Advisory Group Doesn't Want Tim Cook to Get $99 Million Pay Package
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Long time shareholder here. Cook should get every dime of that total compensation package.
The people in that group that must be related to ambulance chasers. I can’t imagine a shareholder not pleased with Cook.
The people in that group that must be related to ambulance chasers. I can’t imagine a shareholder not pleased with Cook.
Well ok, but why wait? Besides nobody ‘needs’ 99 million.
The thing with big pay packets such as what Tim Cook could be getting is that it helps to stroke their egos because Tim Cook is already a multi millionaire. He does not need the $99 million in pay and bonuses but he will take it anyway because his ego will not allow him to say 'No, I already have enough, all I need is this small amount, put the rest back into the company'.
If distributed evenly, that’s about $1200 / employee. Hardly life changing.
I don’t begrudge Tim Cook his compensation. I’d rather we as a country quit blaming Covid and get back to work filling the 14M positions people walked away from over the past two years.
Thanks to Tim Cook I just received a Porsche 911 Cabriolet that my Apple stock paid for. I approve his compensation!
This is internet hyperbole. One can’t possibly peek into MR. Cooks mind and say he’s getting his ego stroked. He is getting paid for his performance on the job. Even if some disagree.
Who are you to say what amount is significant to others? It took all of Apple's employees to make it a $3T company, but execs manage to structure things that only execs get the extra-salary perks.
Obviously, but it could end sooner with bad management. It almost ended when Steve Jobs got kicked out.
It could also get better with more product focused management -- from the top down.
Apple is sorely missing really great product people right now.
A renewed focus on actual quality and real product innovation, not just rent seeking and spamming your users for more services leeching revenue would be nice..
....to say nothing of the disdain and disregard Apple show for developers at this point.
I think the compensation for a lot of these top execs at top companies is obscene. It’s just too much for an individual. Yes, that’s a moral and value judgment that I make. It’s also an opinion. It won’t change.
I’d rather see one of two things: lower prices and lower executive pay/compensation or lower prices somewhat and better pay/compensation to the lower end. We don’t need a new aristocracy of ultra rich people who were in the right place at the right time and exploited the right situations.
I’d rather see one of two things: lower prices and lower executive pay/compensation or lower prices somewhat and better pay/compensation to the lower end. We don’t need a new aristocracy of ultra rich people who were in the right place at the right time and exploited the right situations.
How many pay compensation packages does he need? Put that money to better acquisitions and product design. Let's bring some true HomeKit centered products into the line-up, starting with an updated Airport Extreme that is functionally similar to Ubiquiti's Dream Machine...maybe just acquire Ubiquiti.
This is a power play to me, is not a matter of money, is just leverage to influence the board and to include other topics to the future talks (political, social, automotive industries, lobbies, etc.). That is what it is. The man worked super hard.
Apple shareholders are being urged to vote against a planned $99 million compensation package for Apple CEO Tim Cook, reports Financial Times. Shareholder advisory group Institutional Shareholder Services (ISS) said on Wednesday that there is a "significant concern" with the stock Cook was awarded in 2021.
Cook last year was awarded stock valued at $82 million, along with a $3 million salary and a $12 million bonus, and the stock award was the first incentive package he had been granted since his 2011 package was granted in full for his tenure at Apple.
According to ISS, Cook's 2021 compensation "significantly exceeded" that provided by comparable companies last year. It has been seven years since ISS last objected to Apple's pay packages.
Shareholder votes on the compensation that Apple provides to executives are advisory, and the board is not required to take action. Financial Times says that if there is backlash over Cook's pay, it could potentially sway Apple's board. In its proxy statement, Apple says that it will "continue to consider shareholder feedback and the results of say-on-pay votes when making future compensation decisions."
Under Cook's 10-year leadership, Apple has seen continued success and in January, briefly became the first company to hit a $3 trillion valuation. Apple executive compensation is tied to company performance, and Apple has regularly hit its targets.
Article Link: Shareholders Advisory Group Doesn't Want Tim Cook to Get $99 Million Pay Package
By every objective measure he earned the compensation the board gave.
Do they pay you guys to say this?
So many remarks about, “ It was Steve Jobs who laid the foundation”, Yet forgetting what it takes to keep evolving a product and keep it relevant and in demand. Someone launched the Blackberry, the Zune, the Sony Walkman, Facebook, and Google Glass too. Apple‘s market share of tablets is up 8% over 4 years versus a loss for all others over past several years. And Apple just reclaimed the global smartphone marketshare top spot last quarter. Tim has been doing for a decade what most companies wish they could do with their products for a few years . He’s actually a brilliant CEO and the data, as well as the continued valuation of Apple speaks for itself.
Tim is a worthy successor to Steve, and I am grateful to them both for how they have changed my financial life.
He's earned it. I'm good.
He's earned it. I'm good.
I as Apple shareholder also vote NO to Tim Cook's $99 million compensation package. That is less than he deserves. It should be more like $150 Millions. Still billions less than Elon Musk gets as CEO of Tesla who makes cars. Moreover, Tim said he will donate most or all of his money than who cares if he gets bit more in compensation which he deserves. We society(charity) will get it back unlike many others who keep passing in inheritance.
Shocking and sad to see so many comments supporting the obscene transfer of wealth from the many to the few. It's a triumph of the sophisticated propaganda that corporations have spread for decades: reduce taxes for the rich, celebrate exhorbitant compensation of CEOs because "they deserve it", and blame the working class for not having money for food, medicine, and education because "they aren't working hard enough".
You all deserve what you get.
You all deserve what you get.
Doing well at your job is a good thing, it should not preclude to get 'anything he wants'.
Talk is cheap! Doing is believing.
Example:
Elizabeth Warren and someone else or a body stated in early Nov. 2021 that with Elon Musk's riches he could end world hunger and they wanted to tax the bejesus out of him.
Elon Musk challenged with fact and also stated if there was a verifiable plan with verified charities that would implement and effectively USE the money he'd sell 10 % of this stock. They didn't provide what he asked - due to their corruption. BUT BUT late November 2021 Elon donated 5 million of his shares of Telsa for a total of $6Billion US dollars to Charities (we don't yet know which ones), which means he's found reputable charities to do what was asked.
Elon KEPT his word, by ACTION, not talk. Elon is still working his ass off - more than 3 companies simultaneously, while Cook is running 1 and you want to hold Cook up for his cheap talk that we have to wait until he's retired to do something? smh.
Actually considering the ridiculous dividends payed per share, this actually DOES make sense.
Either pay more of a dividend before paying so much to the CEO that is well above industry standards, OR offer a stock split again that essentially pays for his bonus compensation.
^ I'm in agreement - increase the dividend spread out by .10 cents/share or offer another 8:1 stock split after/before bonus compensation.
I'm rather annoyed at this so-called shareholder advisory group - bunch of nutsacks.
As a shareholder, I'm voting against this nonsense - the man has earned his pay - who are they to decide how much he should get?
EDIT: this sort of thinking where others get to attack how much his effort is worth is basically communist in nature
As a shareholder, I'm voting against this nonsense - the man has earned his pay - who are they to decide how much he should get?
EDIT: this sort of thinking where others get to attack how much his effort is worth is basically communist in nature
