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

[827538]

In a private company I couldn’t care less what th bosses make but in a publicly traded one? This is disgusting, where’s the shareholder outrage?

There’s simply no fair justification for that amount of money. Especially since so much of it was just coasting on the success made by someone else.

 

[macpeach55]

Apple offers way too many different products and services to be compared with Nokia.

Yes, they do offer different products & Services. However I would maintain that the iPhone is their prime product. Which other product comes near?. If that lost interest, their products division would be severely lessened. Yep, their Services survive - for a while - but as Apple really push integration, as their product wing crumbles, will people be so bothered with their services, now they stand nearly alone? Something to ponder - when you tie all your areas close together & everything works, there is strength. But when one important area begins to fail, weakness follows.
And remember Apple is now controlled by fickle investors, who only care about a return on their money, Most have not one iota of interest in the quality of product; If you can sell people a Gold Painted Turd for $1,000 a piece, they'll invest & praise you to the end of time. But the moment nobody wants one you won't even have time to hear the Door close behind them.

 

[Morgenland]

You can bet that Tim's donations to charity are well thought out to timely offset the tax burden he would have to pay for the sudden increase in income.

Do you know Tim personally? Why do you make your world of thoughts the yardstick for others?

 

[citysnaps]

Apple is the most valuable company in the world yet Tim Cook isn’t even a billionaire?

He only purchased a home a couple years ago. He’s very modest, you can often see him walking by himself in Palo Alto, or at a Starbucks, without an entourage.

 

[needsomecoffee]

While completing the largest buy back of stock in the history of the world (by a huge factor), Tim is close to becoming a billionaire. Apple surely will add many more hundreds of billions of stock buy backs during in the near term. Meanwhile, Google has by-passed its opportunity to uplift its stock with massive buy backs. Instead they have invested heavily in incredibly innovative and risky "moonshots" at the expense of uplifting share price. Long-term many of Google's investments appears poised to pay back shareholders as well as change the world as we know it. While I am happy that Tim is becoming a billionaire, his buy back strategy is a simple-minded focus on one outcome.

 

[I7guy]

In a private company I couldn’t care less what th bosses make but in a publicly traded one? This is disgusting, where’s the shareholder outrage?

There’s simply no fair justification for that amount of money. Especially since so much of it was just coasting on the success made by someone else.

Tim Cook deserves every penny he gets. why would there be outrage? Customers (sic) are happy, shareholders are happy, mgmt is happy.

Tim’s bonus is independent of your views on whether he was coasting on someone else’s success or not.

 

[Morgenland]

In a private company I couldn’t care less what th bosses make but in a publicly traded one? This is disgusting, where’s the shareholder outrage?

There’s simply no fair justification for that amount of money. Especially since so much of it was just coasting on the success made by someone else.

What a vulgar nonsense you're talking.... I'm a shareholder myself and I'm glad Tim and every employee are running AAPL so well.

 

[JadawinUK]

Well deserved.

Apple is firing on all cylinders, for an old Apple dog like me (Powermac 7100) this whole situation is basically science fiction turned into reality.

Dystopia. The word is dystopia.

 

[DNichter]

Well deserved. Tim and Apple aren't perfect, but they are clearly dominating the tech industry. There isn't another company out there that can touch them.

 

[yaxomoxay]

In a private company I couldn’t care less what th bosses make but in a publicly traded one? This is disgusting, where’s the shareholder outrage?

There’s simply no fair justification for that amount of money. Especially since so much of it was just coasting on the success made by someone else.

If you’re a shareholder, be sure to mention this issue at the next shareholder meeting.

If you’re not a shareholder, it’s not your business (literally).

 

[routine_analyst]

I like how the low contrast between the shirt and background makes it looks like you're supposed to chroma-key them out.

View attachment 777240

lol. you always post some animated thing. I'm always impressed.

 

[Tozovac]

Escalating scale of salary not just tied to the stock price, but more to the disappointment of the customers in all the products, items returned for service and how pissed off the Apple fans get year-on-year.

Ditto. I would have gladly taken only $50M for providing better guidance on phones, iOS, and macbooks.

 

[Morgenland]

Speaking of being in the right place at the right time. I'm not saying that he's totally worthless, but I'm pretty sure many other people would've been able to achieve the same level of success or even more had they known Jobs and been around him at the right time.

Of course! Huck and you will do that job!

 

[fathergll]

Apple is the most valuable company in the world yet Tim Cook isn’t even a billionaire?

He didn't start the company. Being CEO for 7 years doesn't = billionaire

 

[dogslobber]

7 years as CEO yet Apple is still dependent on products invented by his predecessor. In fact, some of those machines were designed by his predecessor and haven't been updated since.

 

[MacBebe]

In a private company I couldn’t care less what th bosses make but in a publicly traded one? This is disgusting, where’s the shareholder outrage?

Why? I doubt that you will see outrage from shareholders anytime soon. They are probably happy being an AAPL shareholders.

 

[apolloa]

Considering how bad iOS 11 has been, and considering how much they’ve ignored the Mac computer line up, for several years in some cases. And considering the huge price hike in the iPhone retail price.
And considering the battery scandle.

I don’t think he’s worth even half that. But hey he’s robbed the customers to increase the companies value and make the share holders all very happy, and that’s ALL that matters at the end of the day.......

Still I love the Apple Watch, apart from they broke the breathe app which I hope works again in Watch Os 5??? So I applaud Apple for that gadget.

 

[yaxomoxay]

7 years as CEO yet Apple is still dependent on products invented by his predecessor. In fact, some of those machines were designed by his predecessor and haven't been updated since.

So is Microsoft.
Dell.
Ford.
Airbus.

 

[Tozovac]

Speaking of being in the right place at the right time. I'm not saying that he's totally worthless, but I'm pretty sure many other people would've been able to achieve the same level of success or even more had they known Jobs and been around him at the right time.

One of the things that caught my eye around 2005 when I first started buying Apple stock and using their products was around a ~5% market share of computers. (Back when Apple actually cared about computers). That was a lot of room for ramp-up from there, not even considering iPod/iPhone/iPad iterations which meant more things to sell. I agree a large part of Tim's "success" was being in the right place at the right time during the continued ramp-up, including finding ways to make more money selling to more customers even if arguably without making products that can still be called truly great. Thinner? Yeah. Harder to use often, compared to before? (Vaguer iOS, crappy keyboard, obliteration of jacks/buttons/ports)? Yeah. “It just works” is truly just a fond memory now (iTunes 12... iOS podcast app... dongle madness...).

The same old horse can only be ridden for so long...and it's a matter of time before he runs out of thicknesses to make thinner and buttons/jacks/ports/keys to remove in the name of "innovation" and "thinking differently."

 

[criticasm]

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.

When 70% of a companies business is based on mobile devices that are built on operating & app software developed on Mac then it's not a good idea to erode that foundation with neglect.

 

[Yvan256]

So in other words, Apple, a hardware company, is incentivised to keep pumping out quality products which consumers are willing to shell out a premium for?

Sounds good to me.

"So in other words, Apple, a hardware company, is incentivised to keep pumping out shiny products which consumers are willing to shell out a premium for?"

Fixed that for you.

 

[doelcm82]

Yes, they do offer different products & Services. However I would maintain that the iPhone is their prime product. Which other product comes near?. If that lost interest, their products division would be severely lessened. Yep, their Services survive - for a while - but as Apple really push integration, as their product wing crumbles, will people be so bothered with their services, now they stand nearly alone? Something to ponder - when you tie all your areas close together & everything works, there is strength. But when one important area begins to fail, weakness follows.
And remember Apple is now controlled by fickle investors, who only care about a return on their money, Most have not one iota of interest in the quality of product; If you can sell people a Gold Painted Turd for $1,000 a piece, they'll invest & praise you to the end of time. But the moment nobody wants one you won't even have time to hear the Door close behind them.

The iPhone will crumble eventually. It won't happen fast, though. The Mac is crumbling as well. Meanwhile, Apple is diversifying. Apple cars taking you to work, while you watch Apple subscription entertainment on your stylish Apple AR device. Apple will get its fingers into a lot of pies, ignoring the critics who say they should stick to their core business (making personal 8-bit computers primarily for use at home and in schools).

Someday it may all fall apart. Tim Cook will be long gone by then and so will most of us. Then maybe there will be an Apple Renaissance. That's way too far out to predict. Apple is Coca-Cola. Apple is Disney. Apple is General Electric. Apple is Procter & Gamble. Apple is America. Apple is the Roman Empire. Apple is Christianity. Apple is the Jurassic. None are guaranteed to last forever, but they can last a very long time and leave huge footprints.

 

[tgwaste]

You can bet that Tim's donations to charity are well thought out to timely offset the tax burden he would have to pay for the sudden increase in income.

SO??? Thats the beauty of capitalism. You give WILLINGLY and you get a tax relief. Thats is absolutely 100% the way it should be in this world.

 

[thettareddast]

Dear Tim - I am a charity case. Please donate.

Good for him, despite my disappointment with Apple in general, the results for the company are there, so he deserves it.

exactly

 

[Tozovac]

exactly

So there's no room to critique that his actions to date (and vision) result in his receiving accolades here in this thread and elsewhere primarily for having the vision to "make money off products people still want to buy" instead of "make great products people want to buy?"

A leader who makes great products so the money follows is always better than a leader who follows the money.