some of us feel that bending over for Apple is not the most coherent way to ensure the consumer gets value for money.
of course, consumer being the operative word here as opposed to the appalling ‘Apple fan’ nonsense so prevalent here.
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Tim Cook Receives Restricted Stock Units Worth Up to $114 Million, Ensuring He'll Remain Apple's CEO Through 2025
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some of us feel that bending over for Apple is not the most coherent way to ensure the consumer gets value for money.
of course, consumer being the operative word here as opposed to the appalling ‘Apple fan’ nonsense so prevalent here.
It can't be an easy job. He inherited a cult which we loved, and had to fill the shoes of one of the greatest tech CEOs of all time. I don't like everything he has done, I don't find him overly interesting when it comes to speaking about usability, or the future/direction of technology, but he's done his best with the talent he's been given and led well.
What I'm even more curious about now is who replaces him in say 2025 onwards. Will they put a tech person as head of the company, or another CFO/COO/Supply Chain/Beancounter type person?
What I'm even more curious about now is who replaces him in say 2025 onwards. Will they put a tech person as head of the company, or another CFO/COO/Supply Chain/Beancounter type person?
This may encourage Tim to increase wages and benefits across the board. This amount of $$$ looks good on paper, and should be good for the charitable corporations he supports. While my holdings of AAPL are significantly lower than Tim's, I will be using my dividends to support my favorite charities; otherwise, it is just $$$ on paper. My original shares of AAPL were purchased at a share adjusted price of 7¢ per share. That is probably cheaper than the shares Tim owns.
On this “Apple is doomed” forums.... this truth won’t go over well.
In these types of threads, many issues get sideskirted by brown nosers who don’t care about the products. 😎
I agree with you though. The quality control on some of the recent products has not been great
Emojis are one part of innovation, as we know that Apple has an entire staff of hundreds cranking out those emojis and then telling the world what the standard is. /s
There products are fresh and unique and because it's your opinion they are not, doesn't mean it is an across the board truism.
What evidence is found in ios 14, that hasn't been there for ios 13, 12, 11, 10, 9, 8, 7, 6 etc?
That Apple was close to perfect in software releases I think is wishful thinking from a time when Apple didn't have the breadth of infrastructure it has today.
By all objective measures, the Apple Star is shining brightly and those who thought Apple is doomed and wished Mr. Cook nothing but failure were all objectively wrong.
We all know emojis are what brings in the big bucks at Apple and to that end they should continue to innovate in the emoji department.
To that end almost every feature in Android appears to be a copy of another invention from years ago. If Apple "copied" the AW from ideas stemming in the 1990s, how does that bode for any Android vendor that made a smart watch? Facial recognition, again Android copied the idea as it stems from research in the 1960s. https://www.doc.ic.ac.uk/~hh4017/History#:~:text=According to some, the father,known as a RAND tablet.
Seems to me Android is the poster child of "copying" by your definition, rather than innovating.
Yeah, I don't think this award ensures that Mr. Cook will stay with Apple through 2025. I do think he will; I just don't think this award ensures that.
It's very likely that when he eventually steps down as (or otherwise stops being) Apple's CEO he will have unvested RSUs from an award like this. They aren't going to hold off granting him a new award until after the last shares from the previous award vested (for one thing, that would make it look like he was planning to leave), so he'll always have unvested RSUs. He'll, likely, end up collecting shares for the time he remains and then lose whatever shares would have vested had he stayed longer.
I'd add that, based on the way this award is structured and the way Apple has been structuring awards for other executives in recent years, I suspect Mr. Cook will get another RSU award next year with similar terms. So he'll have overlapping RSU awards and at any given time in the future until he leaves he'll have unvested awards extending out several years.
Probably going to install a CEO who can lead Apple. And if that person has tech skills, then so be it. If that person is an operation person (CFO/COO/Supply Chain/Beancounter) so be it. I'm sure succession planning is already underway and they have a good idea of who take Mr. Cooks' place in the event he departs Apple.
Wonderful for him but sucks for retail employees that can’t afford to live in areas that they work. When are you going to up the pay of retail employees stop keeping them as slaves.
Apple CEO Tim Cook was this week awarded 667,974 restricted stock units or RSUs worth more than $76 million at Apple's current price, according to a filing with the SEC. The first half of the RSUs are set to vest in one-third increments in 2023, 2024, and 2025, so Cook will receive 111,329 shares every April starting in 2023.
The second half of the RSUs are performance-based awards and will vest on October 1, 2023, based on Apple's relative shareholder return. Cook can potentially receive up to 200% of the 333,987 RSUs awarded for performance.Paired with the time-based stock awards, Cook can earn up to 1,001,961 shares worth more than $114 million today if Apple's performance in the S&P 500 is in the 85th percentile or higher relative to other companies.
This is the first stock grant that Cook has received since 2011, with the last of that grant set to vest in 2021. As noted by Reuters' Stephen Nellis, Apple's board of directors issued a statement on Cook's RSU award:Several employees on Apple's executive team have also received stock awards, including Luca Maestri, Deirdre O'Brien, and Jeff Williams, all of whom have been awarded 178,128 shares. As with Cook's award, half of these RSUs will vest between 2023 and 2025, while the rest are performance based awards.
The RSUs serve as bonus compensation for Cook and Apple's executives, and will encourage employees to stay with the company through at least 2025, which is when everything will be fully vested. Cook has been Apple's CEO since August 2011, and there has been some speculation lately on how long he will continue to work for Apple. Cook in a recent interview said that he can't envision his life not working at Apple.When Cook does opt to retire at some point in the future, Apple Chief Operating Officer Jeff Williams could assume the role of CEO, according to a recent Bloomberg report. Williams is "primed" to take over for Cook if necessary and considered the "heir apparent" within Apple.
Article Link: Tim Cook Receives Restricted Stock Units Worth Up to $114 Million, Ensuring He'll Remain Apple's CEO Through 2025
Pfft, Steve had vision and detail and created the Apple that still reigns today. Captain Crook took an already dominating array of products, and bean counted them into greater profit margins and less quality control. Apple would be nothing without Steve. And now Apple is on a downward slide of quality. Apple under Steve used to be "It just works." That mantra under Captain Crook has long been abandoned. Imagine if Apple tried using it now, they would be laughed out of the room.
I think I’ve said this before. But Apple has never been the first to do things. And they don’t really care about being first
They didn’t make the first MP3 player, touchscreen smartphone, smart watch or wireless earphones. But they did it well that’s why we remember them.
You’re not wrong. But things have many dimensions. If you look at a glass of water from the side, you see a rectangle. But if you look from the top, you see a circle. It really depends on where you look at. Steve Jobs may not be as operation-oriented as Tim Cook is. But TC is certainly not a salesman like SJ. The older keynotes were so convincing that I needed to have it. Nowadays I have to convince myself that I might need it. But hey Apple is doing exceptional thanks to Tim. And I respect that.