Tim Cook's Compensation Was Comparatively Modest Among Highest-Paid CEOs of 2020

[johnmacward]

Those in the $57.000 range may want to get together and start a company, invent some technologies too, design processors or new metal alloys… what do you say?

I have heard this narrative so much lately and I do not support it. I am sure Apple pays above market compensation, some positions just deserve more or less pay, and that is how it is.

This is “average” salary and probably accounts for different geographic locations and positions.

I believe that’s what those employees do, you know, design, build, work out complex processes etc. Tim Cook doesn’t - he’s just a decision maker. How he can justify that salary and the same with any other CEO is astounding to me. Same with the vast majority of the executive teams. Employees are robbed everyday of what they’re truly worth. A 90,000$ a year employee could in fact deliver a company millions if not 10s of millions in compensation and they get just a small cut of that

 

[bommai]

I wonder if they have the median wage info for people working at Apple HQ. The overall median is misleading as it includes all the retail staff. i think more than 50% of Apple employees are retail staff all over the world.

 

[alex2792]

My god, Apple will have to increase their App Store cut to 99.9% in order to keep Tim from starving!

 

[citysnaps]

Compare that to Denise Coats, of Bet365, who is the highest paid person in the UK.

Last years' salary? £469 million or in dollar terms...roughly $664m !!

She earns more than the rest of the FTSE 100 bosses combined. You gotta ask who is worth $1.8m PER DAY !!

But well done to Tim....whilst he earns a lot, he has brought a lot of value to Apple stock.

And a lot of outstanding products to the market that customers, many repeat, love to own and purchase willing to pay premium prices, year after year after year.

 

[sw1tcher]

In its annual ranking of CEO pay and compensation, the Wall Street Journal revealed that Tim Cook earned $14,769,259 last year, which is only slightly more than the median $13.4 million pay across the Standard and Poor's 500 (S&P 500) index. The Wall Street Journal also noted that Apple's median employee pay is $57,783.

In other words Tim Cook's earnings was 255 times higher than that of the median pay of an Apple employee... and that $14,769,259 is called "relatively modest" when compared to other S&P 500 CEOs. SMH

Doesn't seem like the pay gap issue is going to go away anytime soon.

CEOs see pay grow 1,000% in the last 40 years, now make 278 times the average worker

In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.

www.cnbc.com

Average CEO pay increased 14% in 2019 to $21.3 million – and could rise again in 2020 despite the pandemic

According to an Economic Policy Institute analysis, which examined the top 350 firms in America, top executives are paid 320 times as much as a typical worker.

www.cnbc.com

U.S. CEO Pay Growth Has Wildly Outpaced The Average Worker [Infographic]

A new analysis has found that U.S. CEO pay has grown by nearly 1,000% since 1978 while average private-sector worker pay has climbed only 12%.

www.forbes.com

How the CEO-Worker Pay Gap Deepens Income and Wealth Inequality - Inequality.org

Massive CEO paychecks reflect a rigged system that only benefits those at the top of the corporate ladder.

inequality.org

 

[bsamcash]

Standard and Poor sounds more like a list I should be on.

 

[Moakesy]

And a lot of outstanding products to the market that customers, many repeat, love to purchase willing to pay premium prices, year after year after year.

Yup. Me included...

 

[1258186]

What he has done since Steve Jobs passed away, has been nothing short of astounding.

How did you come to that conclusion?

 

[PinkyMacGodess]

Call me a heretic, but I don't think ANYONE is worth that much. I feel that exorbitant salaries program far too many CEO's and upper management to inflate stock prices for the benefit of investors, rather than providing better products for their consumers.

I am stunned at the number of companies that have 'slipped' in quality, but prices have gone up, and how many corporations used tax payer money to buy stock to increase the price of it, for investor benefit, while their SOLE PURPOSE for existence, their products, have taken the third seat on their drive for profit over all...

Boeing is an example. 'We are not an engineering company' declared their ex-CEO. Funny, as I thought that 'engineering' was exactly what Boeing was known for, and kept their planes in the air. I think their continuing quality problems, and the 737/777x woes prove me correct! *shrug* What do I know... I'm just a person that has to fly in their products, and hope they make it to the destination.

 

[Mr. Dee]

Man I hope he stays at Apple for as long as possible, great CEO!

He likely will retire by 2027 or 2028 since that would be a 30 year run.

 

[applicious84]

Those in the $57.000 range may want to get together and start a company, invent some technologies too, design processors or new metal alloys… what do you say?

I have heard this narrative so much lately and I do not support it. I am sure Apple pays above market compensation, some positions just deserve more or less pay, and that is how it is.

This is “average” salary and probably accounts for different geographic locations and positions.

Or start a union.

 

[mazz0]

Are you willing to pay significantly higher prices for Apple iPhones, iPads, computers, and services in order to make that possible.

Yes.

 

[DesignTime]

Meanwhile average to lower income people made 15-25% less in 2020 because of lockdowns and inflation. Must be rough being Tim 😢

 

[I7guy]

[...]SMH

SMH at what? That CEOs earn disproportionately more than the average workers?

Doesn't seem like the pay gap issue is going to go away anytime soon.

No, probably not anytime soon.

CEOs see pay grow 1,000% in the last 40 years, now make 278 times the average worker

In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.

www.cnbc.com

Average CEO pay increased 14% in 2019 to $21.3 million – and could rise again in 2020 despite the pandemic

According to an Economic Policy Institute analysis, which examined the top 350 firms in America, top executives are paid 320 times as much as a typical worker.

www.cnbc.com

U.S. CEO Pay Growth Has Wildly Outpaced The Average Worker [Infographic]

A new analysis has found that U.S. CEO pay has grown by nearly 1,000% since 1978 while average private-sector worker pay has climbed only 12%.

www.forbes.com

How the CEO-Worker Pay Gap Deepens Income and Wealth Inequality - Inequality.org

Massive CEO paychecks reflect a rigged system that only benefits those at the top of the corporate ladder.

inequality.org

 

[Pezimak]

He likely will retire by 2027 or 2028 since that would be a 30 year run.

I feel that comment will make many feel old on here. Seems like the last 20 years went in the blink of an eye.

 

[manu chao]

Wow, love him or hate him he is insanely underpaid. He creates more value and profit for his organization than the top 10 NBA, NFL, and MLB stars combined and makes less than the average one of them. He creates more revenue than the top 10 actors, pop stars, and YouTubers combined. Thankfully he has other forms of compensation beside his base pay. Many of these CEOs do or else this would be a major societal failure.

One can argue that the personal achievements of athletes, artists, actors, etc. have a larger impact on the revenue of the ventures they work for than those of CEOs. Part of most 'supervisory roles' is usually to pick the people that work for you or at least have some influence over it. Now, when Cook (co)decides to elevate somebody to the C-suite how much of the good work this somebody then does should be attributed to that somebody and how much to Cook?

 

[1258186]

Tim Cook has been good for Apple shareholders but bad for Apple customers. In the 10 years since he took over there has been very little innovation and very few genuinely new products.

 

[Jakewilk]

For a company worth about $2 trillion and brings in $billions in profit every year, that’s actually pretty sad. Especially (correct me if I’m wrong) considering its headquarters is in a place with a high cost of living

Well, not all of their operations are in California, plus they have tons of stores where geniuses make less than that. Also we don’t know that the the wall street journal isn’t including supply chain in this.

Besides that, since this is a median, it’s possible that ~60k is the lowest wage they pay. Probably not, but since we don’t know anything about the overall data, the median pay is more of a fun fact that a useful evaluation. I also don’t know what the median pay is for any other company, let alone other big tech companies, so again, for me, it’s just a fun fact.

 

[autrefois]

Tim Cook made over 200x the median compensation at Apple last year.

And his compensation “only” increased 28%?

Did those at or under the median pay also see a 28% increase in compensation during the worst pandemic in modern history? I doubt it, but I’d love to be proven wrong.

Tim Cook‘s wealth was already over $1 billion. It sounds like he’s not as rich compared to other CEOs, even though I’m sure he could be. That’s good.

But Tim Cook does not deserve the lavish praise he’s getting for being a billionaire who got a 28% increase in compensation last year.

 

[bsamcash]

How did you come to that conclusion?

Look at the stock.

 

[citysnaps]

Yes.

Percentage wise, how much more are you willing to pay for, say, a $1,000 iPhone?

 

[1258186]

Compare that to Denise Coats, of Bet365, who is the highest paid person in the UK.

Last years' salary? £469 million or in dollar terms...roughly $664m !!

She earns more than the rest of the FTSE 100 bosses combined. You gotta ask who is worth $1.8m PER DAY !!

But well done to Tim....whilst he earns a lot, he has brought a lot of value to Apple stock.

She owns the company, Cook does not. Big difference. Look at Bezos or Musk.

 

[I7guy]

[...]

But Tim Cook does not deserve the lavish praise he’s getting for being a billionaire who only got a 28% increase in compensation last year.

The praise that Tim Cook deserves has to do with the growth of Apple since 2011.

 

[1258186]

Look at the stock.

I’m not interested in the stock. I’m interested in the products.

 

[bsamcash]

I’m not interested in the stock. I’m interested in the products.

Okay. But that’s not relevant to a CEO’s pay. Their job is directly related to stock and shareholders.