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Tim Cook Cashes in $3.6 Million in Stock as Respected Analyst Gives Him Passing Grades
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4 years of claimed "amazing product in the pipeline" with little to nothing to show from it. The watch certainly didn't start with Tim, he threw money at it. Project Titan is a dud, and the only innovations we've seen out of Apple has been removal of critical ports, releasing thinner products, and shrinking batteries.
in 5+ years, the only thing to come out of Tim's "amazing product in the pipeline" is broken promises. That ranks at a C-, at best.
Where the heck do you see the 'A' coming from Product Pipeline/R&D?
No it's not. Apple really has made a lot of money and sold a lot of products. The analyst is looking at sales, cash flow and profits, and Apple looks good in all of these.
Now, if in 2 or 3 years the public quits buying Apple products because there hasn't been enough innovation and/or the cost is too high for those products, then even if Apple has a super secret project as far seeing and as revolutionary as the iPhone was 10 years ago the analyst won't care. Cooks evaluation will be bad. The market looks at profits not products.
Accordingly, after bonuses, Cook actually earned roughly $145 million last year, his biggest payout yet.
Payout, not salary. So his taxable income was how much...?
Payout, not salary. So his taxable income was how much...?
What you have done there is to respond to an "unnecessarily lengthy read" with an unnecessarily lengthy read.
Apple CEO Tim Cook sold 30,000 shares of Apple stock this week, valued at $3.6 million based on the company's stock price of $120 at the time of the transactions, according to a U.S. Securities and Exchanges Commission disclosure. The shares were sold as scheduled pursuant to Cook's predetermined trading plan.
Cook retains 1,009,809 company shares worth over $121 million based on Apple's current stock price following the sale.
A recent SEC filing revealed Cook was paid $8.7 million in 2016, which is $1.5 million less than he was paid in 2015. The decrease stems from Apple failing to meet its own target performance goals for both net sales and operating income in 2016, resulting in senior executives receiving only 89.5% of their cash incentives.
However, upon reaching his fifth anniversary as Apple CEO last year, Cook cashed in nearly $137 million in previously-awarded stock bonuses tied to both his tenure and Apple's performance under his leadership. Accordingly, after bonuses, Cook actually earned roughly $145 million last year, his biggest payout yet.
Yesterday, Apple analyst Neil Cybart opined that Cook and his inner circle are "doing what needs to be done in order to maintain Apple's relevancy," but he noted "there is room for improvement." He called out sporadic Mac and iPad updates, and slow progress with Siri, as two blemishes among others in its product strategy.In related shareholder news, the world's largest asset manager BlackRock has increased its stake in Apple and now holds 6.1% of outstanding shares in the company, up from 5.7% a year ago. Its 322,683,504 shares are valued at over $38.7 billion based on Apple's current stock price.
Article Link: Tim Cook Cashes in $3.6 Million in Stock as Respected Analyst Gives Him Passing Grades
Think that report card is a little generous.
As a apple stockholder I am concerned.the product pipeline is concerning .
in attempt to add a bit of relative context to this subjective grading:
o Product Strategy: A- NO -D
o Product Pipeline/R&D: A NO-D
o Operations: B- MAYBE
o Marketing/Storytelling: C+ NO-D
o Culture: B+. WHO CARES
o Public Face: A+ AGREE
o Financials: B AGREE-ALL THE MONEY THEY HAVE RATHOLED
I predict unless he starts releasing new iPads, better MacBooks -Mac computers, apple will continue decline.
stock prices are up but could be a dead cat bounce-lol
I don't know what kind of deductions he might have, but more or less all of that is taxable (as income, rather than capital gains, btw).
But, yeah, he didn't really earn all of that in 2016. He effectively earned much of it over the course of the previous 5 years, he just received it in 2016.
To be clear, while a large portion of it represented a block of stocks that took 5 years to vest, almost as much of it represented a block of stocks that vests annually plus his salary and non-equity incentive pay. So, in a sense, nearly half of it can be thought of as having been earned in 2016.
Both the bonus and the appraisal stem from a high perceived coolness factor, all because "it is Apple".
Cook has inflated that idea in a terrible manner.
The overall appraisal would be a D/E (and consequently, in Apple normative a F/G) which means that he can't stay any longer.
So, out with this man. And fast, as we've lost enough momentum, quality and deadlines. The largest part of the best computer company of its kind is at stake...
Cook has inflated that idea in a terrible manner.
The overall appraisal would be a D/E (and consequently, in Apple normative a F/G) which means that he can't stay any longer.
So, out with this man. And fast, as we've lost enough momentum, quality and deadlines. The largest part of the best computer company of its kind is at stake...
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I'd honestly give marketing/storytelling the only A+ here. After all who's better at creating fiction than Apple's marketing team?
Project Titan hasn't even been publicized yet. The fact they are researching automated driving shows a proactiveness to jump into an emerging market.
Proof that the watch didn't start under Cook?
The upcoming iPhone is rumored to be the product they've been raving about.
Apple developed the USB-C port, which allows for an all-in-one, two-way power/data transfer port that has speeds current ports don't even dream of.
Apple has innovated battery technology through display changes and innovations, with more colors and deeper images despite less power drawn.
Nobody outside of engineers seems to appreciate thinner products. As a consumer, you whine about it because it isn't your 100% dream "I don't ever need a new phone after this one" plan. Technologically, the ridiculous innovation that it takes to shrink processors, RAM, memory, etc. into such a small device is astounding. Even 5 years ago, nobody was doing what Apple has done. Remember, this is from a tech perspective, which R&D is, not consumer perspective, which R&D is not.
They absolutely used to be, but I can't agree with that sentiment anymore considering their last few commercials. These newer ones are, to me anyway, nothing more than cookie-cutter ads that could have been produced by countless other companies. I find them dull, predictable and uninteresting. There is nothing memorable about them at all, definitely not like "Think Different" or "I'm a Mac, I'm a PC". Apple should never have moved marketing in-house; they should stick with what they're good at.
Would change those grades to the following:
o Product Strategy: B- (Where I would've graded it as an A in 2012 and an A+ in 2013)
o Product Pipeline/R&D: A (They're clearly still researching things)
o Operations: B
o Marketing/Storytelling: C+ (this, I'll grant, was a good assessment)
o Culture: C
o Public Face: A-
o Financials: B (I'm going to assume that this is accurate. From what little I know of this element of their business, this seems like a fair assessment)
o Product Strategy: B- (Where I would've graded it as an A in 2012 and an A+ in 2013)
o Product Pipeline/R&D: A (They're clearly still researching things)
o Operations: B
o Marketing/Storytelling: C+ (this, I'll grant, was a good assessment)
o Culture: C
o Public Face: A-
o Financials: B (I'm going to assume that this is accurate. From what little I know of this element of their business, this seems like a fair assessment)
Fiction implies all talk and no action. I know my Apple products have been working great for me. Not always exactly as hyped, but often close enough at least.
Thanks for seeing through the passive aggressive nonsense and leading us Tim. We know the job is thankless but sometimes puberty is a tough time for some people.
Not sure where the "SJW" part came from.... did you learn a fun new word you heard the kids at the cool lunch table saying and you're just trying it out?
THANK YOU! An ipad that that can barley do anything (god forbid you want to use a torrent) and maybe just a simple file system.
As for that pic that has a buy now on the macbook pro, i was in the market for a new lap top, but I didn't chose Apple this time. First non-apple laptop that I got in more than 13 years! I agree where Timmy can go!
I don't know how Tim got A on public face. He left early during October keynote.
Apple knows every year people have to wait for iPhones yet they still don't make enough. It's just to create buzz that they are selling out.
Should we be worried, lots of key staff leaving in droves and Tim cashes in more than half his holdings in Apple...
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People who say it IS a 'Pro' are those who can usually do all their work on an iPad.
I love seeing all the Macrumors analysts that pop up. "He isn't giving me what I want so he gets an F and should be fired."
The standing of the company is still very good and bringing in profits. Half of you would give Steve an A+ if he were around and had done the exact same things. The iPhone and iPad lines are due upgrades and we all know they are coming. The Mac will get there, it just isn't a priority right now. After all it isn't Apple Computer anymore.
The standing of the company is still very good and bringing in profits. Half of you would give Steve an A+ if he were around and had done the exact same things. The iPhone and iPad lines are due upgrades and we all know they are coming. The Mac will get there, it just isn't a priority right now. After all it isn't Apple Computer anymore.