Tim Cook Reaches Five Years as Apple CEO, Unlocks Over $100 Million in Bonuses

[Nautilus007]

Just look at the pundits. Eddy Cue is the definition of "past its prime".

Ha every single press conference, whenever execs come up including Schiller and try to make an obsolete upgrade sound magical, its like watching a crappy comedian, you keep waiting for the punchline and then some relief but it never comes.

Even those product videos they made, I enjoyed watching Jony Ive and other executives explain the magic and technology now they make stupid videos of actors using their products around the world to do real jobs, we get it, Dell can video tape doctors, divers and other people too using 20 year old computers. Whoever is pulling the strings is killing Apple's soul.

 

[sehix]

Imagine where iOS and iPhone\iPad and Mac would be today if his incentive would have been based on marketshare instead of tenure.

Anyone who thinks Apple would base incentives on marketshare has slept through class. Decades of classes.

 

[CrystalQuest76]

Now that he has gotten the money its time to bring the profits from overseas back into the united states where the company, executives and majority of employees are based. Its time to pay taxes on that money since those people receive benefits and protections from living and working in this country.

 

[73CortinaV8]

A participation award. And rewarded for driving the company into mediocrity.

 

[Karma*Police]

Tim doesn't work his ass off, you and many here probably don't even know what the phrase "working their ass off" really means. Nobody, not even Tim works hard enough to earn $28,168.02 a day. Thats ridiculous. When Apple pays its offshore factory workers about $3 a day. Apple should start paying its offshore workers more, much more, these workers are the reason the devices even exist and not just an idea on a piece of paper.

$3 a day, huh? So your bonus should help a lot of those workers. But why stop there? Why not send money to the villagers that make a lot less than that?

You are in no position to say he didn't work hard just because he didn't toil in a factory or on a farm. That's nonsense.

If you don't think he's worth what he's getting paid, then buy Apple stock and start a movement to remove him. But someone else will take his place and get the same perks because there are few people who have what it takes to be a successful CEO, let alone the CEO of the most valuable company on the planet with arguably the most scrutiny.

 

[840quadra]

Don't forget the awful engineering of hardware done to the macbook pro line making it impossible to upgrade/mod & the clusterfun of the ashtray mac pro....

What does any of that have to do with profit?

If anything, making systems that need to be replaced, as opposed to being upgraded, makes for a more profitable business. This practice conflicts with, and is not ideal for the small subset of their ecosystem that most of us on Macrumors live in. We typically like to get our hands dirty with mods and upgrades, where the market they choose to target falls into the use then replace mindset.

To keep the replacement crowd happy, they need to continue updating their line with both speed, and features, and we are currently sitting within a predictable pattern that has been established by Apple for over a decade now.

They may not have had landmark innovations that captivate all of their detractors in the past 4 years, however the line is far from standing still. Let's remember that the First MacBook Pro was simply new guts to the existing 15" Powerbook design that was already 3 years old. That design wasn't replaced until 2008 when the Unibody models came out, and each year they saw minor upgrades, and a smattering of new features here and there. The MBP remained mostly unchanged for 4 years until the Retina models were introduced. We are again in the middle of the pattern with entirely new MacBooks due to grace the pages of this site within the next year or so, if the cycle continues.

In that end, there are some great new products out there from other manufacturers, with the Surface Book getting some seriously well deserved attention. My hope as an Apple user, is that Apple can follow Microsoft's lead, and raise the bar even higher.

 

[smacrumon]

$3 a day, huh? So your bonus should help a lot of those workers. But why stop there? Why not send money to the villagers that make a lot less than that?

You are in no position to say he didn't work hard just because he didn't toil in a factory or on a farm. That's nonsense.

If you don't think he's worth what he's getting paid, then buy Apple stock and start a movement to remove him. But someone else will take his place and get the same perks because there are few people who have what it takes to be a successful CEO, let alone the CEO of the most valuable company on the planet with arguably the most scrutiny.

Thanks for bringing in a number of irrelevant issues. I'm not asking to remove Tim Cook. Nobody is worth $28,168.02 a day. Pay the offshore workers that make our devices properly, increase their wages and decrease shareholder payments. Many shareholders are corrupting Apple and if allowed will send it to the scrap heap again.

 

[sleepydinosaur]

Apple does so many things right. Paying in stock is one of them. It keeps those in power with a vested interest in the company's well being.

I'd do bad things for 100 mill, heck, I'd do just as bad of things for 1 mill. Bad things.....oh so bad.

so much badness

with extra bad

hold the cheese

extra sauce

 

[Chew Toy McCoy]

Just look at the pundits. Eddy Cue is the definition of "past its prime".

Since he's come out of the shadows it boggles my mind how that guy pulled off the deals he did in the past. The only way I could see that happening is if Steve was standing behind him at the meetings with his hand up Cue’s a$$ using him like a sock puppet to deliver his terms so Steve could just be in the background looking like a menacing genius.

 

[Nautilus007]

$3 a day, huh? So your bonus should help a lot of those workers. But why stop there? Why not send money to the villagers that make a lot less than that?

You are in no position to say he didn't work hard just because he didn't toil in a factory or on a farm. That's nonsense.

If you don't think he's worth what he's getting paid, then buy Apple stock and start a movement to remove him. But someone else will take his place and get the same perks because there are few people who have what it takes to be a successful CEO, let alone the CEO of the most valuable company on the planet with arguably the most scrutiny.

Honestly, I have no issue with people getting paid BIG money, look at John Legere at T-Mobile, and Satya...they have delivered immediate results and have restored temporary faith in their respective companies. Look at Tim Cook, when he walks into the room..people don't think he's a visionary, he does not deserve that money. He had 5 years of work done for him, and after that he spent the next 5 years mucking it all up.

 

[CFreymarc]

So in that sense, it sounds like you're familiar with this pattern with CEOs in the market taking big cash bonuses prior to a major development or career situation in their lives.

Seen them come and go. Made sure my checks kept clearing.

If his recent interview is a hint of what's coming around the corner, he could end the Fall keynote with a 'goodbye. Meet so and so who's now your new CEO'.

I've a strong feeling Craig will be doing a lot of talking in the upcoming keynote. Hopefully. The others are less engaging on stage.

Tim is looking at the new campus like a kid in the back seat constantly asking "Are we there yet?"

IMO, he will stay around to adjust company policy based on the November elections, make his mark on the new campus and then bow out after the new car smell of the mothership is gone.

Supposedly, the CEO office on the new campus is around three to four-thousand square feet with a wonderful view towards Inifinite Loop and the Santa Cruz mountains.

My prediction is he'll exit stage left summer of next year.

 

[Santabean2000]

Not sure why the concern with market share. Apple never has and never will dominate in market share due to pricing. That's why in phones Apple makes almost ALL of the industry's profits while Android manufacturers play the race to the bottom market share game and lose money. Similar with Macs. How many PC hardware companies are making anything close to what Apple makes off Macs? Market share is irrelevant.

S model iPhones always look like their previous version even when Steve was here. As for iPads, same as with Macs and phones. Who's making money from tablets besides Apple? Who's selling more tablets than Apple?

The point is, there has been nothing in the last 5 years to get Apple folk excited.

Same same lame.

The biggest gripe around here is the severe lack of Mac action. Get that in order Tim and the critics will drop back again.

 

[jdclifford]

And he's done a great job, despite what people have to say around these parts. Glad he's on board.

You might want to read this http://www.zdnet.com/article/its-not-just-macs-almost-everything-apple-sells-is-old-and-stale/ and this http://money.cnn.com/2016/08/24/tec...ive-years/index.html?section=money_topstories

 

[TheDoctor7x]

Mac holds less marketshare than ever in history.
iOS sinks to record low marketshare.
iPhone now makes up less marketshare than ever.
iPhone 7 looks like iPhone 6S, and iPhone 6S looks like iPhone 6.
MacBook Pro Line goes nearly 5 years and still no update.
iPad sales lagging industry.

Not a resume I'd want... sure Apple is profitable... but has been stagnant for a while in product. And the reason the company is successful is the coat-tails they're still riding from past successes.

Innovation is the name of the game, and without it, it's a boring and unsuccessful path when it comes to technology.

Mac Marketshare is at 7.4%. That's higher than it was before Steve came back, which means that it's not the lowest ever.
iOS marketshare is still higher than 2014 Q3.
iPhone marketshare is typically seasonal. Same as always.
iPhone 7 is a product nobody knows anything for sure about. You're making ridiculous assumptions on stupid rumors.
MacBook Pro gets new processors nearly year, with a 268 day update cycle.

With all the valid criticism out there for Tim Cook, you pick sales and marketshare? Tisk Tisk.

 

[ryanwarsaw]

I'm not 'happy' with the state of what I said. I'm just sick of the overblown, incessant hyperbole talking about it like it's the end of the world. Most of the moaners wouldn't get close to saturating the hardware on a 15" rMBP anyway.

What do you mean by this? Many of us members here are power browsers. I have 12 tabs open on Chrome and iTunes playing while I am downloading 3 torrents. Some of us require a bit more than you do.

 

[Karma*Police]

Thanks for bringing in a number of irrelevant issues. I'm not asking to remove Tim Cook. Nobody is worth $28,168.02 a day. Pay the offshore workers that make our devices properly, increase their wages and decrease shareholder payments. Many shareholders are corrupting Apple and if allowed will send it to the scrap heap again.

I'm sure a lot of those villagers are saying you don't deserve to make what you're making.

It's all relative, and while I don't believe most CEOs necessarily earn their keep, that's not for me to decide. After all, you can't put a price on CEOs like Jeff Bezos, Jack Welch, Paul O'neill, John Chambers, Bill Gates, Steve Jobs, etc.

 

[44267547]

At the business helm of things, Tim has things down to a 'T'. But where I see the challenge is for Cook to continue to bring innovative hardware to the table, to keep Apple pushing forward with products that we all use and want to continue to purchase.

It's not an easy task by any means, but Jobs appointed him for a reason.

 

[slapppy]

Send some bonuses in the direction of the offshore workers manufacturing all Apple products.

Why there? The workers in the US first not some people offshore.

 

[smacrumon]

I'm sure a lot of those villagers are saying you don't deserve to make what you're making.

It's all relative, and while I don't believe most CEOs necessarily earn their keep, that's not for me to decide. After all, you can't put a price on CEOs like Jeff Bezos, Jack Welch, Paul O'neill, John Chambers, Bill Gates, Steve Jobs, etc.

Actually, we really can put a price on CEOs and the price of their workers.
It's not a difficult question or answer, it's rather straightforward.
The multiples for Apple's workers local and offshore vs Apple's CEO payment and bonuses is entirely incorrect.
[doublepost=1472054983][/doublepost]

Why there? The workers in the US first not some people offshore.

The lowest paid first, whether they be local or offshore. These "some people" make your device.

 

[joecool99]

time to say "goodbye fakoooos" then leaves the company after selling his stockpile. going fishing forever.

 

[Bacillus]

Think (no) different (anymore, if yu'r loaded)
And: stop waning about a Greater World if your business model is about exploiting natural resources, rare earth, chinese labour, and absurd bonus schemes.

 

[dtich]

And the most sales of any one model.



That's why it's called the 6S. Like the 3GS looked like the 3G. 4S looked like the 4. 5S looked like the 5.



Just the non-Retina. This shouldn't come as any great surprise. You have to properly dig it out from the website as well.



Still more sales than any other tablet. Partership with IBM will vastly improve long term sales & functionality.



You class 'innovation' as being synonymous with something that looks completely different. The Mac line has had more innovation in the last 5 years than it had from 2007-2011. While you're complaining, everybody else continues to use their Macs for their livelihood, and are simply waiting for a spec bump if they feel the need to upgrade.

THANK YOU!

lord people on this site are b***hes..

 

[ryanwarsaw]

This is sickening. It is not just Apple, it is the whole corporate culture. No one, trust me no one, deserves a $100 million pay day.

I believe Cook has pledged to give most of his wealth away in his life time. It makes sense to let wealthy people such as Cook continue to grow their money so it can be maximized if they are going to give it away. Let people like Gates, Buffett, and others continue to create wealth so they can give it away later.

The only reason people like this need the amounts of money while they are alive is so they can leverage it to create more wealth. This is the same thing you do if you want to provide for your children after you are gone. you don't give your kids the money today.

 

[JustThinkin']

You class 'innovation' as being synonymous with something that looks completely different. The Mac line has had more innovation in the last 5 years than it had from 2007-2011. While you're complaining, everybody else continues to use their Macs for their livelihood, and are simply waiting for a spec bump if they feel the need to upgrade.

Innovation is what Elon Musk did in creating the Tesla - not what Porsche did when they came out with the Cayenne.

 

[TallManNY]

I think the Watch will get there, too, eventually. I just think it was released prematurely and half-baked. The health implications and potential alone are a huge purchase motivator. If Apple can get the health sensors figured out and extend the battery life, I will be first in line to buy one. Otherwise today it's a nice looking piece, just not necessary for me.

We agree that it has tremendous potential. I just think that it is pretty much there right now. But that is assuming the reports of Watch OS 3. I haven't actually tried it yet. But the OS update, coupled with the current hardware, is going to be more compelling. Every report of hands on says that it is a dramatic improvement in functionality. Coupled with the new hardware, the Watch will no doubt be even more compelling. So basically before the end of the year, you might find the watch so useful it will become "necessary" to you. The path from there to Apple selling 20+ million of them a year is pretty clear after that: Watch keeps getting better, competitors keep lagging behind, Apple keeps selling smart watches. Result another category dominated by Apple.