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Tim Cook to Receive $750 Million Worth of Apple's Stock This Week
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There are very different perspectives and social backgrounds from which very different personal goals emerge. That's what makes people so interesting. There are then crazy people who shoot satellites into space and others who perhaps want to make the world a little better. And those who have nothing left do neither, as most do.
And those who have a lot of joy in their professional life would do well not to bring children into the world, because then they will have too little of their parents.
Agreed. I believe people should be rewarded for their talents but at some point, it's out of control. Corporations reward their top executives too much while most of their employees don't get a fair wage. Not necessarily saying this is Apple's case but the majority of corporations are based on insane amounts of greed coming from the top.
"Just happens to be..." You just undermined your own argument there...You're ascribing to chance what you're also saying is only because of his hard work. No one is arguing that he doesn't "work hard."
No. I go to a grocery store and compare products on price and merits. And I know that the overpriced products have a high ECO salary in their BOM (or some other crap). And we know that Apple products, while generally good, are either priced higher than similarly spec-ed products from other companies or cost much more. One way Apple tries to hide it is they usually come up with configurations/feature sets that have no direct analogs in other products. Very often unique features are useless but they are there to complicate price comparisons.
I never said it was "only" because of his hard work. And the phrase "just happens to be" is a form of sarcastic understatement which is quite common (e.g. "Who's that lady?! That lady just happens to be the queen of England!") and doesn't indicate luck/chance. As I stated earlier, you can be the hardest working garbage collector in the world, but it's infeasible that you're going to make the same amount of money (or even in the same universe) as the executive head of a multi-trillion dollar tech company.
I see a few arguments that Apple products would be cheaper if Cook didn't get paid so much. If you run the numbers, Apple sold about 205 million iPhones, 22 million Macs, 34 million Apple watches. So around 260 million products sold.
Prices would drop about $3.50 if they didn't pay Cook so much. On the other hand, you can also ask, with Cook's supply chain expertise, how much would prices rise without Cook there?
Prices would drop about $3.50 if they didn't pay Cook so much. On the other hand, you can also ask, with Cook's supply chain expertise, how much would prices rise without Cook there?
I can't really disagree. I remember when Apple was scrappy and had a small Mac marketshare and minimal relevance. SJ got it moving in a positive direction. But TC has taken it into the stratosphere. It can no longer be quite as nimble and scrappy as it once was. The procurement, manufacturing, supply chain and product dev cycle required to be able to have millions of devices available on launch is hard and takes time. It takes detailed & precise planning. Apple, like all companies, can shift if necessary. But it can no longer surprise anyone with the surprise "one more thing." Too many people are watching what Apple does.
I mean you did just use an example of someone who gained their position through birth…but back to to the point - no I don’t need to admit that he deserves that. I think executive compensation has been divorced from reality. At established companies there’s almost no risk for these execs either. They’ll take in millions even if they fail.
Please keep him in your thoughts and prayers--I'm sure the tax bill will put him on the verge of bankruptcy.
Considering the bad advice dished out by this forum over the years (acquire Netflix, cheaper phones, folding phones, laughing at $999 iPhones, round smartwatches, tablets running macOS, just to name a few), I will say that Tim Cook deserves that much simply for not going down any of those routes.
Makes you realise that a lot of the “common sense” that supposedly goes into running a business actually isn’t so common at all.
Engineer: user replaceable or soldered
Tim Cook: soldered, every time
Tim Cook: where do I collect my $750M?
A lot of the people here are huge, huge, huuuuuuuuuuuuuuuuuge nerds, and if nerds don't understand something, it's people and people's needs.
Also a lot of Apple haters here, ironically, and Apple isn't really meant for them. But that's ok, they can always use Android or build their own, disgusting and glittering gaming pc with extra RGB lights and MEGA OVERDONE cooling🤮🤮🤮.
$750 Millions, for destroying a company that was always at the forefront of innovation and design...
I think is kind of obscene...
Yes, Apple is breaking record earnings, which does not mean they are innovating. Innovation has been stagnated for the past 8 years.
Where upgrading cycles have become ridiculous, 4-6 years...
Where they rip of users by delivering laptops in 2021 with 8gbRAM and 256 SSD.
Only thing they upgrade every year and they are not even worth upgrading is the iphone.
It is a shame.
I think is kind of obscene...
Yes, Apple is breaking record earnings, which does not mean they are innovating. Innovation has been stagnated for the past 8 years.
Where upgrading cycles have become ridiculous, 4-6 years...
Where they rip of users by delivering laptops in 2021 with 8gbRAM and 256 SSD.
Only thing they upgrade every year and they are not even worth upgrading is the iphone.
It is a shame.
Apple was always on this path. Steve may have done *some* things differently, but Apple has essentially always been (at its core) how it is now.
Days after celebrating his tenth anniversary at Apple's helm, Tim Cook is poised to receive a whopping $750 million of Apple's stock this week as the final installment of his pay deal with Apple, put in place over a decade ago when he took over the company, Bloomberg reports.
The installment will consist of 5 million shares of Apple's stock, equating to be around worth $750 million, according to Bloomberg. Last year, Cook received restricted stock units worth up to $114 million, ensuring he'll remain CEO until at least 2025.
Cook, aged 60, has a net worth of roughly $1.5 billion according to Bloomberg's Billionaires Index. Though a billionaire, Cook's compensation for 2020 was among the most modest compared to other high-paid tech CEOs. In 2020, Cook received $14.7 million, according to SEC filings.
The CEO has said in the past he donates a portion of his salary and compensation to charitable organizations and plans to give most of his wealth away.
Article Link: Tim Cook to Receive $750 Million Worth of Apple's Stock This We
if he lived to 100 he would have to spend 18 million USD each year for those shares alone. Tax the rich!
Days after celebrating his tenth anniversary at Apple's helm, Tim Cook is poised to receive a whopping $750 million of Apple's stock this week as the final installment of his pay deal with Apple, put in place over a decade ago when he took over the company, Bloomberg reports.
The installment will consist of 5 million shares of Apple's stock, equating to be around worth $750 million, according to Bloomberg. Last year, Cook received restricted stock units worth up to $114 million, ensuring he'll remain CEO until at least 2025.
Cook, aged 60, has a net worth of roughly $1.5 billion according to Bloomberg's Billionaires Index. Though a billionaire, Cook's compensation for 2020 was among the most modest compared to other high-paid tech CEOs. In 2020, Cook received $14.7 million, according to SEC filings.
The CEO has said in the past he donates a portion of his salary and compensation to charitable organizations and plans to give most of his wealth away.
Article Link: Tim Cook to Receive $750 Million Worth of Apple's Stock This Week