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Tim Cook Receives Bonus of $5 Million and Stock for Performance During Jobs' Absence
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Ha, a $5 million dollar software budget, don't plan on getting to far with development.
In certain segments of the market, yes. Throughout most of private enterprise, no.
Something tells me your parents raised you with a negative mindset towards money. If you ever want to be wealthy or be rich, you might want to look into taking on a new viewpoint of money. I say that sincerely.
George W. Bush has set a very high bar for the "worst president in
history". It will be very hard for Obama to "do better".
You get what you pay for...
This seems like a not so subtle overture that Apple's Board of Directors wants Tim Cook to stick around and someday don the black turtle neck, Levi's, and New Balances.
This seems like a not so subtle overture that Apple's Board of Directors wants Tim Cook to stick around and someday don the black turtle neck, Levi's, and New Balances.
Apple have been doing great!
Probably deserved! Good for him
Still, I'd like a 5mil bonus! OK, I'd settle for half that ;-)
Probably deserved! Good for him
Still, I'd like a 5mil bonus! OK, I'd settle for half that ;-)
Actually my parents brought me up business orientated (AKA Blue, but I think the National Party is very... bad at running a country) and my Grandfather is always giving me business advice for my website biz. Hes also always reminding me about how working for somebody else only pays the bills. (He used to be one of the top industrial chemists in NZ before he changed to natural therapy)
Business is all about Gimmie more money. Consumerism is all about Gimmie stuff. I admit I try squeeze the extra cash out of my clients through "Webmaster Services". When I was contracted to my old work to fix computers I would always try to get as much possible out of the practice manager.
I know what its like to work as top man and is why Im instanly disgusted by these giant payouts instead of investing it back into the business. Like instead of buying everyone in the design studio a new computer we decided on buying a developers licence for a shopping cart software we could use to expand our services. We now can provide clients with a cheap e-commerce solution and earn even more money than if we had fancy new computers. Infact it has, we got $10k in a week and can now pay for our next year of University, and that was only 2 clients.
Theres a difference between Negative and Humble.
A lot of people mistake their personal needs for market needs.
The Pro lineup of Apple lines up very well with most of the Pro market that is out there. Science and creative both continue to use macs and market share also outside of these two fields is steady rising.
True Apple does not offer many options (except maybe for the Mac Pro), but to say that Pro doesn't exist in Apple's dictionary because it doesn't fit your personal needs is just ridiculous.
Just because Ferrari doesn't make the color car I would like, doesn't make them a crappy sports car manufacturer.
It's about value creation. If I create a $ 200 Billion business and thousands of jobs, then why should I not receive millions to reward me for that?
Not saying that Cook did that, but you are looking at it from the wrong side. It's not about what you need that defines how much you should be paid. It's about how much you have created and contributed.
MorphingDragon has a point regarding investing that money back into the company, but we are talking about a $ 200 billion business and not about a small business where each penny invested makes a difference. Tim Cook is obviously that good, that he can go to Google, Microsoft, Palm or whatever for twice the pay he gets now. This $ 5 million bonus and those stock options ARE an investment into the company. He is obviously the heir of Jobs (Forstall lacks the CEO seniority and vision IMHO) who will most likely leave within the next 5 years. You can bet that there is a clause in the bonus package that would make his options void, the moment he leaves Apple. This bonus is therefore a good measure to keep him in the company.
This is so wrong, and yet some of you here can't even see why. Wait for the day that something like this hits you in the face, when you have to pay for it, but I guess that you will still be too blind to see why.
Why not protect one of the few assets that Macs have over PCs that is slowly being neglected? Yes they have more than enough money in the coffers to pay Tim but that guy got paid more in 6 months than most succesful company CEOs get in a year - Including Steve Ballmer/Steve Jobs.
The launch of Snow Leopard is as about as comparible as the launch of KDE4, touting all these new features but lacked the polish to even work. Even if Apple is transitioning into a gadget company at least look after the reason why those gadgets were so sucessful!
But then I could be making the mistake that Apple even has plans for its future as a Computer Software Company. A lot of things they actively support only seem to benefit the gadget business, like WebKit and CUPS. Yea they polished Cocoa, supported OpenCL and developed GCD. But theres not a whole lot of follow through. Most key Mac OSX apps still aren't even Cocoa. I can say the same about RedHat, that contributes about 50% to the Linux kernel and Linux technologies. But then RedHat actually follows through on its technologies.
A MacPro would be considered Pro again if they included the GTX285 and the QuadroFX 4800(?) (or ATI Equivalents) as customised options instead of extras you have to dig around for. Oh, and shaved about $250-500(NZD) on the price. (Thats the case for Media Production anyway) I have no gripe with the Hardware that Apple makes, its very good hardware and the easiest way to get a hold of an 8 core Xeon system in New Zealand. But theyre neglecting the Software, with Software being my Passion it hits a bit of a soft spot. I beleive Leopard was also pushed back for iPhone OS.
Car analogies never work. I thought Mac fans would know this the best!