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Everyone needs Grocery Money....this guy too
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Tim Cook Cashes in $3.6 Million in Stock as Respected Analyst Gives Him Passing Grades
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Everyone needs Grocery Money....this guy too
By your logic, if Apple continues to do well, then Tim Cook would never be allowed to cash in his stock. What then is the point of stock options if you can't sell them ever? It would be like putting your money in a bank with a high promised interest rate with the caveat that you can never withdraw your money.
It should be said that Tim Cook gets an unfair amount of heat IMHO. I'm not a fan of him as CEO(compared to his predecessor). But...
Cook has been steering Apple according to the Business101 playbook. Revenues, profits and share price have never been higher. "Visionary" is not a KPI, it's like talent, one either has it or they don't. While Cook probably does not have that quality, I cannot berate him for not having it. He was tasked with making sure Apple, as a business, has a strong foundation, and he seems to be doing that. So cut the guy some slack.
For those extremely critical of the dude, ask yourself.... who better is there to run Apple? (apart from me, of course
)
Cook has been steering Apple according to the Business101 playbook. Revenues, profits and share price have never been higher. "Visionary" is not a KPI, it's like talent, one either has it or they don't. While Cook probably does not have that quality, I cannot berate him for not having it. He was tasked with making sure Apple, as a business, has a strong foundation, and he seems to be doing that. So cut the guy some slack.
For those extremely critical of the dude, ask yourself.... who better is there to run Apple? (apart from me, of course
)
People who say it's not a 'Pro' can at a minimum, recognize what a 'Pro' machine should look like.People who say a computer is not 'Pro' usually aren't 'Pro' themselves
People who say it IS a 'Pro' are those who can usually do all their work on a Macbook.
Good for you, Timothy. Now upgrade your !@#$ Minis and MPs or have the guts to tell us you're done with them.
Now he can finally afford a 12 core Mac Pro!
This is normal for all CEO and officers for publicly traded companies.
As mentioned in the article: ... " sold as scheduled pursuant to Cook's predetermined trading plan"
Officers have to submit a plan/schedule to the Securities Commission like:
"I plan to cash in X amt of stocks (or $ worth of stock) each quarter, on a specified date, for the next 5 years)."
The plan is normally submitted well in advance (years) or as soon as they know their compensation package.
The plan is executed regardless of what the stock price is. The plan can be amended only with advance notice and all this info is open to the shareholder.
.
Financials - B ???
Isn't Apple raking in thousands of dollars per hour?
I guess I'll never ben analyst.
Isn't Apple raking in thousands of dollars per hour?
I guess I'll never ben analyst.
the analyst says they did very well in the last 5 year's, profitable, dividends, lots of cash, etc.
BUT, they missed their own internal 2016 performance targets, so no A-grade.
.
Great point.
I am not sure when people start equating "pro" with any type of professional when it comes to Macs. To me, it always meant a creative professional.
An accountant, dentists, budget analysts, MLB pitcher, and WWE wrestler are professionals, but having a typical Pro Mac will do little more to assist them in their profession than a MacBook / MBA.
It's not at all fishy. Companies often pay their top management through stock grants in order to better align management's (financial) interests with those of shareholders. And often, as was the case with Mr. Cook, they have those stock grants vest over years so that the recepient's financial interests are dependent on the company's long-term, rather than just short-term, success. In Mr. Cook's case the large stock grant he received when he became CEO will take 10 years to fully vest, with a large block having come in 2016 after 5 years and another large block set to come after 10 years.
As an investor, this is very much how I would prefer the management of companies that I invest in to be compensated. It encourages them, to the extent they are motivated by their own financial interests, to act in ways that benefit their companies over the long term. That said, Mr. Cook's actions suggest to me that he's not driven by personal financial interests - by a desire to increase his own compensation as much as possible - to the extent that others perhaps are.
Also, the timing of his selling of Apple stock - the cashing in that you refer to - has mostly to do with the timing of his receiving that stock. More than half of it has to get sold for tax witholding purposes (in reality, it's just held back by Apple but it often gets reported as being sold and it's part of that 140 million you refer to). The rest that was sold in 2016 was sold then because that's when he received it, in keeping with how Mr. Cook normally handles stock grants. The blocks that are for multiple year periods (such as the large block he got in 2016) are sold when they vest. The blocks that he gets annually are kept. As it is, he still holds over 1 million shares worth about $120 million - considerably more than he sold (net of tax withholding) this past year.
Consumer product strategy: A "Timothy plays well with other children. However, I am sure he is capable of turning in better work. When he improves his concentration abilities, I know the work will improve."
Professional creative product strategy: F- "Timothy must try harder. He spends much of his work time daydreaming about politics and celebrities and then does not complete the required work in time."
Professional creative product strategy: F- "Timothy must try harder. He spends much of his work time daydreaming about politics and celebrities and then does not complete the required work in time."
If you type something to go with the gif, they wont remove it. But just a (moving) picture is not enough and will get removed.
I washed my hair with Suave Professional Series shampoo this morning. If that's not "Pro" I don't know what is.People who say a computer is not 'Pro' usually aren't 'Pro' themselves
Apple today is not that far off from what it would be with Jobs around. What they've been doing is not that different. You might be young, but the transition from PowerPC to Intel Macs was a lot more painful than what's going on right now. And even after that transition was made, creatives and 'pro' users still couldn't buy the new Macs unless they wanted to rely on 'Rosetta'(which greatly slowed down the machine) because of the lack of software support for at least 18 months.
This is another transition period; Intel has been slower at delivering compelling chips due to physical limitations, to a new standardized IO like USB type C, to integrating iOS and MacOS(which is insanely more difficult to do compared to how software has been supported previously). Cook will not abandon the Mac, not anytime soon.
Why does "pro" have to equate to "professional"? It could mean "proletariat" or "progressive" or just "in favor of".
How did I know as soon as I saw this thread that it would turn into a Tim Cook hating thread. I really think people should cut the guy some slack, it's easier to judge other people when your not the one in the chair, I mean could you do better? He has a lot of responsibility on his shoulders and hasn't done that bad since taking over as C.E.O
Lots and lots of Tim Cook hate.
Corporations make money by selling products and reducing cost. Analysts look at how well a company is doing that RIGHT NOW and base their recommendations accordingly. If a company fires a bunch of engineers and guts their R&D departments analysts and economic news sites will sing the praises of said company because how it is performing this quarter as long as sales are good. The fact that there is consumer grumbling about the product doesn't concern them. For 1 thing, there are ALWAYS people unhappy with a companies product, and second, most products are trying to lock you into their software and hardware and that's not just Apple. Buy an expensive DLR camera, and a few good lenses. Changing to a competitors camera means you either sell what you have at a loss or you just eat that cost entirely. Every cell phone and entertainment company is trying to do the same thing with their hardware and software: Make it difficult or expensive to switch to something else.
Analysts and stockholders don't care if the product is crap, they care if the product is selling. Speaking in generalities here because I'm sure there are other Apple stock holders besides me on MacRumors. Right now, Apple products are making money. And since most companies are in the quarter to quarter mode, none of Apples competitors are really acting any different.
Look how long Steve Ballmer was able to drive MS products into the ground while the company still made money and the board and he still got yearly bonuses.
Corporations make money by selling products and reducing cost. Analysts look at how well a company is doing that RIGHT NOW and base their recommendations accordingly. If a company fires a bunch of engineers and guts their R&D departments analysts and economic news sites will sing the praises of said company because how it is performing this quarter as long as sales are good. The fact that there is consumer grumbling about the product doesn't concern them. For 1 thing, there are ALWAYS people unhappy with a companies product, and second, most products are trying to lock you into their software and hardware and that's not just Apple. Buy an expensive DLR camera, and a few good lenses. Changing to a competitors camera means you either sell what you have at a loss or you just eat that cost entirely. Every cell phone and entertainment company is trying to do the same thing with their hardware and software: Make it difficult or expensive to switch to something else.
Analysts and stockholders don't care if the product is crap, they care if the product is selling. Speaking in generalities here because I'm sure there are other Apple stock holders besides me on MacRumors. Right now, Apple products are making money. And since most companies are in the quarter to quarter mode, none of Apples competitors are really acting any different.
Look how long Steve Ballmer was able to drive MS products into the ground while the company still made money and the board and he still got yearly bonuses.
So what's the purpose of this article ?
To impress us ? What a spiffy gift...
Angela got 8x more only when signing.
So her boss must be a rare underperformer
"The postPC era" - denounced by a man with a Pro tablet running a phoneOS...
Must be a lunatic !
Bury him under such a pile of money that he can't get out de front door anymore so we get a another CEO.
Thats what customers deserve.
To impress us ? What a spiffy gift...
Angela got 8x more only when signing.
So her boss must be a rare underperformer
"The postPC era" - denounced by a man with a Pro tablet running a phoneOS...
Must be a lunatic !
Bury him under such a pile of money that he can't get out de front door anymore so we get a another CEO.
Thats what customers deserve.
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....and every product ever? including when SJ ran the company? I hope you don't really think Foxconn is churning out only 1000 units every few weeks. I think the demand is much higher than you perceive it to be. That, or they intentionally hold back supply to build the demand up, wouldn't be surprised if they do this to at least some degree
