Tim Cook Poised to Receive Around $120 Million in Apple Stock as Tenure and Performance Award

[patseguin]

Good for him! I don't understand why he wants to give away most of his wealth though. I can see investing it and making some donations, but give most of it away?

 

[yaxomoxay]

Good for him! I don't understand why he wants to give away most of his wealth though. I can see investing it and making some donations, but give most of it away?

That’s what he’s doing. Most of his wealth is on stocks and funds (=investments). Slowly, he’ll sell them for cash, and he will donate the cash. (Or, he will donate the stocks themselves).

 

[Joe Rossignol]

I’d photoshop Cook on this:

I don't think this is what you were asking for (ಠ_ಠ) but…

 

[Return Zero]

That's one hell of a payday. The remainder of this year is shaping up to be gigantic for Apple if all the product rumors are true.

 

[yaxomoxay]

I don't think this is what you were asking for (ಠ_ಠ) but…

View attachment 777241

Well, better than nothing. I see that Tim is paying Uncle Scrooge to perform some acrobatics inside Cook’s vault!

 

[ghostface147]

Well hot damn.

 

[randolorian]

It's amazing they were able to get that photo of Tim's reaction to this good news. He does indeed appear to be very happy about it.

 

[iLilana]

nice. Now he can afford to fix his broken iMac.

 

[mrklaw]

bloody hell. So regardless of performance, he gets approximately $60m in stock every year just for remaining CEO? And thats on top of whatever salary he takes.

 

[NT1440]

Thank god he gave that princely sum of $5 million to charity...

 

[TheRealDGD]

So? He still has to pay taxes, except donations are not real income. Do you really want people to pay income taxes... on donations?

So, don't make him a hero just because you see the 5 million... in personal percentages it is tiny in comparison to his assets, in fact people with less donate much more in terms of their personal percentage and are not hailed as hero's. Also, YES.... let's just see how many of these people would give away their wealth, that to looks impressive just based on the $$$, if there were no deductions allowed. Most people just don't give away money for no benefit in return, especially not if you are wealthy!!!!!

 

[Apple Knowledge Navigator]

Congrats, Tim. Have a holiday on us! Oh wait you do that every week anyway...

 

[PlayUltimate]

Thank god he gave that princely sum of $5 million to charity...

We have no idea of the scale of his donations. Albeit, that $5M is more than his annual salary. The bulk of his earnings are performance based.

 

[oldhifi]

Pay your taxes Timmy

 

[NT1440]

We have no idea of the scale of his donations. Albeit, that $5M is more than his annual salary. The bulk of his earnings are performance based.

Stock buybacks are the reason the economy is “performing” the way it is. A process that was illegal as it was considered stock manipulation until it was legalized in the early 80’s.

Apple is a great performing company, but stock buybacks are the main driver of stock prices currently. It’s a house of cards, not to single out Apple.

 

[Rogifan]

It's just a matter of time.

He can still receive up to 2.3 million AAPL shares by the end of 2021.

$511 million at current stock price.

If he is truly worth $700M right now, that should do the trick, unless he keeps donating large sums.

Right but compare that to a lot of other tech CEOs who are multi-billionaires. Even most of Steve Jobs wealth came from selling Pixar to Disney.

 

[Naraxus]

Who knew that one could get hundred-million dollar bonuses simply by neglecting one of your core product lines for nearly a decade....

 

[waquzy]

In the Scully era, the mac was near 100 percent of their business and Apple wasn't the richest company and top brand on the planet. Now mobile devices like iPhone and iPad make up over 70 percent of their business. Times change, get used to it. Adapt or move along.

Very true!

 

[Glideslope]

Well, now we know why he donated the 5 million shares.
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Thank god he gave that princely sum of $5 million to charity...

Amen Brother !!!!!!

 

[AngerDanger]

Remember that terrible job I did imposing that Apple Maps vehicle on a US map? — thanks for fixing that

I have another good one for you:

View attachment 777239

Not as animated as I'd like it to be; I'd have to splurge on the $10 raining money FX for the full effect. But here you go:

Have fun with the 45 character filename!

P.S. As @keysofanxiety can attest to, I graciously accept PayPal.

 

[Rojaaemon]

He can replace that boring Watch band.

 

[Applebot1]

Remember that terrible job I did imposing that Apple Maps vehicle on a US map? — thanks for fixing that

I have another good one for you:

View attachment 777239

Background with watch straps would be epic lol

 

[LordVic]

I am critical of Cook, but with the numbers he’s pulling any board that fires him would be shot on sight by investors, banks, vendors, and financial institutions.

Yes. The modern Apple is currently being directed by Stock holders and the Board of directors with the prime motivation profit and growth. By this metric, Cook has been absolutely the number one performer and there is no reason to replace him.

he is even financially motivated to follow this suit by much of his renumeration being directly related to stock peformance. The better Apple's stock does, the better his personal wealth is.

Apple is now a company directed and run by the bottom line. End of story.

 

[Abazigal]

And yet the Mac is in its worst shape probably since the Scully era.

Random thought - maybe Apple is so successful today because resources went from the Mac to other more profitable products?

 

[yaxomoxay]

So, don't make him a hero just because you see the 5 million... in personal percentages it is tiny in comparison to his assets, in fact people with less donate much more in terms of their personal percentage and are not hailed as hero's. Also, YES.... let's just see how many of these people would give away their wealth, that to looks impressive just based on the $$$, if there were no deductions allowed. Most people just don't give away money for no benefit in return, especially not if you are wealthy!!!!!

First of all, you’re the only one that used the “hero” adjective. As far as I can see people are just happy that he makes donations - hopefully well thought.

Second, donations are deductible from the income, not from the taxes. There is really not much advantage in giving away money to charity other than your income is reduced.
[doublepost=1534951985][/doublepost]

Yes. The modern Apple is currently being directed by Stock holders and the Board of directors with the prime motivation profit and growth. By this metric, Cook has been absolutely the number one performer and there is no reason to replace him.

he is even financially motivated to follow this suit by much of his renumeration being directly related to stock peformance. The better Apple's stock does, the better his personal wealth is.

Apple is now a company directed and run by the bottom line. End of story.

Yep, older Apple wasn’t about money. /s