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Tim Cook Nets $41.5 Million After Selling Over 500,000 Apple Shares
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Yeah, if you're CEO of Costco, that's your only job probably. If you are the CEO of the most valued companies in the world, which is at the same time a technological leader at the forefront of innovation and development, you bear responsibility that extends far beyond your shareholders because your actions can and do reshape the world we live in. So, yeah, I do believe that the CEO of Apple in particular should be a visionary, a leader exciting and inspiring the next generation.
Tim Cook isn't as entertaining as Steve Jobs.
To be honest I prefer "boring" than a spectacle.
Another person that shouldn't be reading (or at least commenting on) articles like this. First of all - do you think stock options are exercised TAX FREE? You might want to Google about them. Second, this article stated that was the money he received AFTER TAXES.
Unless you've worked closely with TC at Apple your speculation has no value. I get that you're still under SJ's spell, and enjoy reminiscing about the good ol' days.
To put things in perspective, please name a few of the innovators at the tech companies in my previous post.
Spot on assessment. Because TC is a low-key guy, many people assume he's just along for the ride at Apple and doesn't contribute much. Apple is extremely lucky he's at the helm.
There’s no assumption on my part and I never claimed that he’s “just along for the ride.”
With any leader you just want any process to run smoothly and on time.
Do you want the headlines to be about them or what benevolent useful output they've done for you?
They pretty much do. Most Fortune 1000 C-levels (and often many levels below) get a large majority of the compensation via company stock.
There are also plans where you can defer your salary and have it replaced by stock awards, typically at a higher-than-1-to-1 ratio.
Profit-based (EBITDA) awards are also common, on top of what I described above.
Exactly. So many people discount Cook's role. I suspect most don't even know he he's a degreed engineer in addition to holding an MBA. He's low key, no doubt intentionally so.
Many here love Steve because of his storied background like Marvel's Tony Stark.
True... Steve was a remarkable guy and recognized the potential of low-cost/home computing. Along with many other people, for example those participated in The Homebrew Computer Club meetings at Stanford University's SLAC facility in Palo Alto. And of course the IBM PC which really got the ball rolling.
And with a ton of help working with Motorola on ROKR and soaking in their engineering expertise, Jobs and his staff was able to go on to making iPhone.
But the notion that many here espouse that Cook is just a care taker, or operations guy, for Apple is just absurd.
Yeah. I think Cook has a BS in Industrial Engineering plus an MBA, which happens to be my academic background. I would say that this background is more oriented toward manufacturing, operations, and logistics rather than design and development. That said; Steve Jobs didn't even have a college degree. Besides, at some point, your academic background kind of fades in importance and experience becomes far more important. Perhaps in his early tenure as CEO, Cook was more focused on his comfort zone of supply chain and operations, but after a dozen years, you can't possibly survive in this consumer segment of the tech industry without vision and product sensibilities.
Jobs as a person was OBSESSED with design. That’s the fundamental difference. Cook has no background or evident interest in design. Jobs was a visionary. Cook is a functionary.
Jobs obsession was codified and taught at Apple University.
They do that to legally get around taxes.
Some multinational companies even have their payroll in countries that do not have individual income tax.
Do whatever is cheaper.
A
Do you really think a person could be CEO for a dozen years in this segment of the tech market and build Apple into the most valuable company in the world without some vision, interest in design, and product sensibilities? I doubt it.
Yes. Note again, I didn’t say he was ineffective at selling phones. I also didn’t say he lacked some kind of product sensibility. What I said is that he appears to have very little interest in design. In comparison to Jobs he has ZERO interest in it. He cut loose his one world class designer and has (to all outward appearance) delegated design to others. He’s not hands on in the way Jobs was. Not even remotely. His interest is in making business systems work smoothly.
Tim Cook has done a good job of taking over from Steve Jobs. The proof is how valuable the company has become
As the company has really excelled Tim Cook should receive compensation.
Thank you Tim Cook for a job well done !
As the company has really excelled Tim Cook should receive compensation.
Thank you Tim Cook for a job well done !
People posting on MacRumors are clearly better capable of running Apple than Tim Cook is. The shareholders who continue to let Tim Cook keep his job are obviously misinformed and not looking in the right places.
A lot of people here seem to think stock is something you buy, and then never sell and hold onto for the rest of your life. They hear "buy low, sell high" but only remember "buy low."
Or... they seem to think someone like Tim Cook isn't actually allowed to have any money. That they must just work endlessly for Apple and never once take a weekend off or sell stock for personal gain.