not counting the stock options worth about 150 million. I think bills are the last think on is mind.What are your bills like when you make that much? Anyone here know?
Heh...
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Tim Cook's Pay Was $1.5 Million Less in 2016 as Apple Missed its Own Performance Targets
- Thread starter MacRumors
- Start date
- Sort by reaction score
Even with the minimal product line Apple has they aren't capable of keeping that minimal line up to date. Programmers are being pulled out of the OS X team to focus more on iOS. They are pulled from designing computers and focus more on iPhone and iPads. For what? iPhone and iPads haven't evolved much in years. Updates aren't even yearly (except iPhone if you'll call 6s to 7 an update).
Sometimes I beg to wonder if Apple has 99.996 people working in marketing/sales, 3 developers creating software and services and 1 hardware engineer.
Have you even heard of Fat Cat Wednesday? It was this Wednesday just gone. It's the day when the world's top paid have already earned more this calendar year than the average yearly wage of everyone else (£28,000 in the UK). 3 days into 2017 and they've already surpassed the majority.
I greatly appreciate his stance on our privacy. However, the lack of what I think is "innovation" coming out of Cupertino is appalling. I think he is a great CEO for brining in money due to an existing customer base and delivering mediocre product updates with high profit margins. Things seemed to be rushed now and there appears to be a lack of focus with his company. He seems to be allowing them to be falling behind their competitors. I don't know how much longer he can ride on Steve's coattails...
You're right about one thing. Gone are the days Apple was ahead of the pack by producing the best experience a customer could have. The best desktops, laptops, iPods, iPads, phones. Far ahead in OS, hardware and services. It has always been premium priced but the above arguments made it justified. That was the Apple that made me proud.
Fast forward 4 years later (today). Mediocre ancient hardware sold as new. Buggy software and crippled services. No focus and minimizing the volatile Apple ecosystem by discontinuing monitors, routers?, Mac Pro?.
My wish for 2017 is that Apple's income will nosedive so Cook & Co are forced to respond.
It's not about pleasing everyone... it's about pleasing your customers!
Does he have a vision? I only ask cause how many times has he mentioned the amazing product pipeline?
Last edited:
Exactly this is the core problem with Apple today. The CEO is not interested in making the greatest products but making the greatest profits. Apple is heading down.
Only 8 million, god must be hard to life with only ~ 740k a month...
Yve and Cook are the Sinofsky and Ballmer from Apple.
Like the old saying goes no king reigns supreme for ever, not even Arthas...
Yve and Cook are the Sinofsky and Ballmer from Apple.
Like the old saying goes no king reigns supreme for ever, not even Arthas...
I will tell you what they did. They did more in their lifetime than some complainer like you. Come on dude your still using a mac mini. Time to move on. As for the Mac Pro even the older gen never got updated every year. Suppose you want a vga connection and optical audio output still.
Steve Jobs' prediction becomes reality except he's no longer around to save Apple.
Apple's annual shareholders meeting will be held on February 28 at 9:00 a.m. Pacific Time in the Town Hall building at its Infinite Loop headquarters in Cupertino, California, according to an SEC document filed electronically today. Admission is open to all shareholders of record on a first come, first served basis.
A primary item of business on the agenda is to elect the Board of Directors to serve until the next annual meeting of shareholders in 2018, with Apple nominating the same eight individuals currently serving on its board: Tim Cook, Al Gore, Bob Iger, James Bell, Andrea Jung, Art Levinson, Ron Sugar, and Sue Wagner.
The filing reveals Apple CEO Tim Cook made $8.7 million in 2016, down from $10.28 million in 2015 and $9.2 million in 2014. Cook's earnings included a base salary of $3 million, non-equity incentives of $5.37 million, and other compensation of nearly $378,000. Other named executives netted nearly $23 million apiece.
Apple Executive Compensation in 2016o Apple CEO Tim Cook: $8,747,719
o Apple CFO Luca Maestri: $22,803,569
o Apple retail chief Angela Ahrendts: $22,902,892
o Apple services chief Eddy Cue: $22,807,544
o Apple hardware engineering chief Dan Riccio: $22,807,544
o Apple general counsel Bruce Sewell: $22,807,544The filing did not disclose compensation for other key Apple executives such as design chief Jony Ive, operating chief Jeff Williams, software engineering chief Craig Federighi, and marketing chief Phil Schiller.
Apple noted it did not meet its target performance goals for both net sales and operating income in 2016, resulting in the senior executives receiving only 89.5% of their cash incentives. In 2015, the executives received 100% of their cash incentives as Apple met its performance goals for sales in that year.
Update: While Cook earned roughly $1.5 million less from his base salary and non-equity incentives in 2016, it was also the year in which he reached five years as CEO and unlocked nearly $137 million in previously-awarded stock bonuses tied to both his tenure and Apple's performance under his leadership. Accordingly, Cook earned roughly $145 million last year, his biggest payout yet as head of the company.
Article Link: Tim Cook's Pay Was $1.5 Million Less in 2016 as Apple Missed its Own Performance Targets
Apple's annual shareholders meeting will be held on February 28 at 9:00 a.m. Pacific Time in the Town Hall building at its Infinite Loop headquarters in Cupertino, California, according to an SEC document filed electronically today. Admission is open to all shareholders of record on a first come, first served basis.
A primary item of business on the agenda is to elect the Board of Directors to serve until the next annual meeting of shareholders in 2018, with Apple nominating the same eight individuals currently serving on its board: Tim Cook, Al Gore, Bob Iger, James Bell, Andrea Jung, Art Levinson, Ron Sugar, and Sue Wagner.
The filing reveals Apple CEO Tim Cook made $8.7 million in 2016, down from $10.28 million in 2015 and $9.2 million in 2014. Cook's earnings included a base salary of $3 million, non-equity incentives of $5.37 million, and other compensation of nearly $378,000. Other named executives netted nearly $23 million apiece.
Apple Executive Compensation in 2016o Apple CEO Tim Cook: $8,747,719
o Apple CFO Luca Maestri: $22,803,569
o Apple retail chief Angela Ahrendts: $22,902,892
o Apple services chief Eddy Cue: $22,807,544
o Apple hardware engineering chief Dan Riccio: $22,807,544
o Apple general counsel Bruce Sewell: $22,807,544The filing did not disclose compensation for other key Apple executives such as design chief Jony Ive, operating chief Jeff Williams, software engineering chief Craig Federighi, and marketing chief Phil Schiller.
Apple noted it did not meet its target performance goals for both net sales and operating income in 2016, resulting in the senior executives receiving only 89.5% of their cash incentives. In 2015, the executives received 100% of their cash incentives as Apple met its performance goals for sales in that year.
Update: While Cook earned roughly $1.5 million less from his base salary and non-equity incentives in 2016, it was also the year in which he reached five years as CEO and unlocked nearly $137 million in previously-awarded stock bonuses tied to both his tenure and Apple's performance under his leadership. Accordingly, Cook earned roughly $145 million last year, his biggest payout yet as head of the company.
Article Link: Tim Cook's Pay Was $1.5 Million Less in 2016 as Apple Missed its Own Performance Targets
Uh, yeah. Sarcasm for poor Tim aside, I really want to see the innovative Apple. Lately they have been the steady, profitable Apple. But that innovative Apple is who hooked me. I'm open to a sequel.
Half you tards probably don't even know how to pay your own bills. You would crumble at CEO of a company with 2 employees. Worrying about what executives did. Haha Get to their status and then talk. Talking about innovation. Some are talking about mac mini haha clueless nobody uses that anymore. Complaining about a headphone jack haha. Why don't you go back to rotary phone you
Apple has $200b+ in cash. They are preparing to change the world in a massive way. Until then, they'll continue to earn profits by updating the amazing product that you currently own and most likely love. You'll continue to complain about why it's not enough and how Apple has changed, and how bad Tim is at running Apple.. but when it drops, and it will drop, you'll all hold Apple as holy again.
edited
edited
Last edited:
Complain all you want but these guys at least earned their money honestly...by selling stuff to people who want their stuff.
Same can't be said for financial/bankster industry where top execs earn the same sort of money Just for their end of year bonuses. And by doing what?...finding new ways to gouge all of us.
Same can't be said for financial/bankster industry where top execs earn the same sort of money Just for their end of year bonuses. And by doing what?...finding new ways to gouge all of us.
I personally don't know how Tim sucks but if it's the same as his focus on the pipeline I don't let him try on me
I personally don't know how Tim sucks but if it's the same as his focus on the pipeline I don't let him try on me
Lol, I'm gonna go ahead and edit that post!
It's not honest to sell technology for the same price as it was released 4 years ago. It's even not honest telling your customers you care about environment and at the same time soldering and glueing everything together so if one thing is broken or needs an update you either have to buy new or throw it away.
Well, I guess this meeting is far more important to TC then any other meeting or product
Other than he plans to give all his wealth away, and is known for being frugal.
The short answer is that it isn't really lower than the other executives', at least not if we look at it over time rather than for a given year. The discrepancy has to do with how such things are reported.
The reason it looks lower (for, e.g., 2016) has to do with SEC rules relating to the timing of accounting for compensation. When it comes to the list you see in the OP, it doesn't necessarily mean that those people were actually paid that amount of money (of given that value in stock) during 2016. Stock awards are counted when they are granted, not when the employee receives (and perhaps sells) the stock. So an employee might actually receive $25 million in pay and stocks during a given year while their reported compensation (again, in accordance with normal reporting practices) is only $5 million. Or the reverse can happen, they might have a reported compensation of $25 million for a given year in which they only really received $5 million in pay and stocks.
Part of what gets reported in a given year may be compensation which, in effect, will be earned - and received - over the following 2 or 5 or 10 years. And part of what, in effect, gets earned - and received - in a given year may have been reported in previous years.
In Mr. Cook's case, the bulk of his compensation in recent years (and for the next 5 years) comes from a stock grant that he got when he became Apple's CEO 5+ years ago. It was structured (and later altered) such that he would receive it over a 10 year period and, for part of it, only if AAPL met certain performance measures. If you look at his reported income for 2011 it was almost $400 million. But he didn't receive (in pay or stock) anything near that much that year. He's getting some of that reported compensation (and more, because the stock price has gone up) now - last year, the year before, this year, next year and so on.
When it comes to the other executives in that list, a big part of their reported 2016 compensation ($20 million or so) will in effect be earned and received over then next 5 years. Then again, some of them received compensation this year which isn't included in their total because it came from grants they got in previous years.
Anyway... long story short... Mr. Cook isn't really making less than those other executives, he's making quite a bit more than them.
Other than the board of directors have more intelligence than you and the average macrumours poster.
Considering apple doesn't make any professional gear anymore, just watches and phones, his cut should have been even larger.