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Tim Cook's Pay Was $1.5 Million Less in 2016 as Apple Missed its Own Performance Targets
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AAPL will tank now. Glad I didn't buy any recently, but it is may be a good opportunity to get in again.
But interestingly, this means that the groundwork laid down in 2015 is really showing through now. Maybe Cook should reconsider the "if it isn't bling, then i don't care" approach he is steering Apple with now?
But interestingly, this means that the groundwork laid down in 2015 is really showing through now. Maybe Cook should reconsider the "if it isn't bling, then i don't care" approach he is steering Apple with now?
Right but his salary and other equity information has never been disclosed in a proxy filing. He's the only executive officer who hasn't had his data disclosed.
You can't expect awesome products from a group of people who are on multi-million pound bonuses every single year. What is the cost of failure? Unless you have an obsessive like Jobs, who lived to make great products, all you have is a recipe for complacency.
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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.
Eddy Cue? $23 million? He is just stealing money.
I've always said that Apple has been falling behind the competition in terms of both hardware and software experiences (much more obviously on the hardware side). It's unfortunate that it requires dips in sales numbers for so many people to finally see and understand this.
Having said that, I think Apple is uniquely positioned thanks to their brand and bank. They are operating on a different time table than most other OEMs. They can literally afford to play the slow game.
All indications point to them catching up and even having a few surprises this year for the 2017 iPhone. They can have incredible growth again this year if they come through, and we'll all be better for it by having a competitive hardware/software experience on the iPhone again.
Having said that, I think Apple is uniquely positioned thanks to their brand and bank. They are operating on a different time table than most other OEMs. They can literally afford to play the slow game.
All indications point to them catching up and even having a few surprises this year for the 2017 iPhone. They can have incredible growth again this year if they come through, and we'll all be better for it by having a competitive hardware/software experience on the iPhone again.
Well, that took courage...his check was a little thinner....hope he enjoys the (lack of) memory for 2016.
Going to need a thinner wallet Timmy. Seriously, move on and let somebody else make the decisions. Apple is headed in the wrong direction.
Wouldn't that be nice.
These guys were ok when they had Jobs lording over them everyday. Now they can skate and they know it.
Maybe a almost full house cleaning is what is needed.
You want to know why iPad sales are sluggish?
You make the pro hardware we want, then you let it die on the vine by continuing to tie it to a mobile OS.
I hear you; these numbers are obscene. In the UK, we celebrate "fat cat Wednesday" which is the day of the year that the average CEO earned as much as the UK's average wage. This year it occurred around 11 AM on the 4th of January
My theory is that Steve Jobs built up Apple loyalty and reputation ever since the invention of the iPod through to the IPhone 4s (possibly 5 too?) and MacBook Air/pro. This reputation/loyalty that Apple enjoyed would not suddenly decline once Jobs passed away in late 2011 and so I'm not surprised to see Apple continued to increase performance.
Since 2012 Tim Cook has gradually made decisions that I would not normally expect from Apple and has personally made me question if it is worth buying future Apple products (I Almost always buy Apple products over rival options)
Some of the things that have irked me under Tim's leadership are:
- no headphone jack on lPhone 7, but the newly released MacBooks have one.
- IPhone 7 cannot physically connect to the latest MacBooks.
- iPhone 7 is same design as IPhone 6
- MacBook range updates are rare and contain chips older than a year when finally updated.
- you need to use a load of dongles to the point where Apple even reduced the price of them.
- Quality control is poor - Battery issues with a MacBook Pro that is a grand more expensive than rival products. iPhones powering off at 30% battery life. I honestly expect these problems with Samsung, not Apple.
- lack of innovation - is the Apple Watch and a touch bar the best Apple can do?
I'll just have to wait and see if 2017 will be a better year.
US Apple Recalls:
- 2001 - Apple recalls 570,000 adapters with fire hazard sold 1998-2000.
- 2004 - Apple recalls 28,000 laptop batteries with internal short.
- 2005 - Apple recalls 128,000 laptop batteries with internal short.
- 2006 - Apple recalls 1.1 million (1.8M worldwide) battery packs w/ fire hazard, injuries, property damage.
- 2008 - 2.3 million adapters w/fire hazard sold since 2001, took two years to settle.
- 2011 - 10 million power connectors, fire hazard since 2006, took two years to settle.
the sole purpose of a CEO is to drive stock price higher. Not to provide jobs, make people feel good etc. They work for their shareholders. After the split this stock has remained the same.
He has put all of his eggs into one basket the iOS devices and they are 75% of the business. Kinda scary if you ask me.
Why can they disclose the compensation of some executives and not others?
As an aside, I wish I could get paid a nearly 23M salary in exchange for creating a poor retail experience as Angela Ahrendts has done. But hey, at least she was generous enough to give the retail employees a copy of the credo and a t-shirt for the 2016 holidays, right?
As an aside, I wish I could get paid a nearly 23M salary in exchange for creating a poor retail experience as Angela Ahrendts has done. But hey, at least she was generous enough to give the retail employees a copy of the credo and a t-shirt for the 2016 holidays, right?
Yes they're insanely profitable but not for their market cap. There is a reason people aren't buying this stock based on P/E ratio. All of the profit are coming from one product.
Was Scully really a bad CEO? Seems to me he gets lumped in with Spindler and Amelio when he shouldn't.
IMHO I"m not sure why any executive can make this kind of money. Yes, I know they have experience and education, but not anymore than doctors, lawyers etc. But if they do a crappy job as Apples executives are doing, the worst that happens is that they get fired with a massive compensation package (that most of us would take 10 years to make).
True, but it could be said that Tim is actively trying to destroy the Apple we all fell in love with and replace it with one that depends more on services and guaranteed iPhone replacement sales. Microsoft was already broken when Ballmer took over, he just made it worse. Apple was the envy of the industry when Cook took it over. IF he followed Job's lead Apple would have been fine. Instead he tried to reengineer it into a media sales company -- ironic seeing as how online TV plans seem to be popping up everywhere now and Apple still can't manage that task.
Tim Cook has just about destroyed everything that was great about Apple. Ive has no one to tell him his designs need more tweaking. Schiller is on Apple Happy Pills. Ahrendts thinks selling high priced suits and computers are one in the same. That is Apple 2.0 -- very different from what TC inherited.
Tim's "strong stance" on protecting privacy is marketing BS. Behind closed doors he made a deal with Google that earns Apple $1B/year for doing all the things that Apple says it would never do itself. So Apple is fine making billions invading its users' privacy.
"The revenue-sharing agreement reveals the lengths Google must go to keep people using its search tool on mobile devices. It also shows how Apple benefits financially from Google’s advertising-based business model that Chief Executive Officer Tim Cook has criticized as an intrusion of privacy."
https://www.bloomberg.com/news/arti...-apple-1-billion-to-keep-search-bar-on-iphone
That's quite a bit different than Tim's public proclamations about protecting privacy:
“I’m speaking to you from Silicon Valley, where some of the most prominent and successful companies have built their businesses by lulling their customers into complacency about their personal information,” said Cook. “They’re gobbling up everything they can learn about you and trying to monetize it. We think that’s wrong. And it’s not the kind of company that Apple wants to be.”
https://techcrunch.com/2015/06/02/apples-tim-cook-delivers-blistering-speech-on-encryption-privacy/
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Article title could have been: "List of people that can afford most expensive Apple Watch"
