Tim Cook poised to get $750M final payout from award

https://www.bloomberg.com/news/articles/2021-08-26/apple-ceo-poised-to-get-750-million-final-payout-from-big-award

by hheikinh • 5 years ago

11 21 5 years ago

collyw• 5 years ago

I am quite free market ideology but one man getting close to a billion, when he isn't even a founder seems kind of excessive. Change my mind.

zepto4• 5 years ago

The company has increased in value by approx 10x since he has been in charge. This is 10x what the founders were able to achieve.

As a percentage of the value increase his payout is nominal. Less than 0.1%.

tonyedgecombe• 5 years ago

Less than 0.1%

There were a lot more than 1,000 people involved in creating that new business.

jchonphoenix• 5 years ago

I agree with the logic, but I'd argue that the macro trend and market/brand position vs Tim cook has more to do with that 10x return. That is attributable to Jobs over Cook.

slownews45• 5 years ago

I think we are seeing that leaders really make a difference.

Microsoft made some leadership changes - game changing.

Apple - they have done a lot of supply side management (own chips, great supply chain). Has let them continue to pump out insane quantities of cutting edge parts (ie, watch / macbooks / M1 etc) on cutting edge nodes etc at insane margins.

Cook is more of the financial / supply chain guy? So we've seen optimization on that side (vs huge new product catagories). The payoff $ wise is amazing, not sure though if he can do the jobs -> new product catagory type move.

mensetmanusman• 5 years ago

Shouldn’t everyone get 10x then instead of just 1?

Apofis• 5 years ago

You're entirely right and there's some weird anti-capitalism fringes creeping into HNews... which is a really odd place to entertain anti-capitalist views.

hindsightbias• 5 years ago

https://www.bloomberg.com/news/features/2021-02-09/this-is-h...

jl2718• 5 years ago

Fed monetary policy nets CEO $750M bonus.

hamburgerwah• 5 years ago

I don't really see the problem here. This is part of the deal he signed when he agreed to follow steve jobs. He delivered incredible value to shareholders.

I have no love for apple as a company but they hired this guy to do a job and he did it about 10X as well as anyone expected. I think a lot of folks were expecting another Sculley or Amelio situation.

He is not getting paid in cash, he is getting paid in stock for which he is primarily responsible for the increase in value thereof.

gravstar• 5 years ago

This is Apple saying Tim Cook is 100% responsible for their 10x growth which of course absolutely false.

Apple individual/private/corporate consumers and their wallets are responsible for all that growth.

Tim Cook is responsible for the policies, enforcement of policies, commercial-propaganda, and the MASS dissemination of commercial-propaganda that extorted consumers, proliferated human rights violations, destabilized regional and global economies, and severely impacted the environment and ecology of our planet.

Tim Cook poised to get $750M final payout from award

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