significantly exceeded the maximum goals
So if he had only been paid $9M, he wouldn't have bothered launching the apple Watch
Apple CEO and Paul O’Grady lookalike Tim Cook's package swelled to more than $10m in 2015 – but he still can’t take family members on work trips unless he coughs up himself. According to an SEC filing, the company “significantly exceeded the maximum goals” set by the Compensation Committee, meaning that Cook and his generals …
Yes that 'tat' that most other manufactures in the industry bench mark them selves on and try to make their products resemble. Its always an iPhone killer, or an iPad killer or a Macbook killer.
I will just keep buying Apple products because i won't tolerate shit anymore, and as soon as you get into the 'not shit' category of products from non Apple manufactures you're into the Apple price territory anyway.
Have Apple plans 42lead with CyberWareFare and NEUKlearer HyperRadioProActive Recovery Systems ..... ...... Running Quantum ITNetworks ..... Immaculate Channels?
Their machines do. Would y'all Doubt IT?
cc. Tim Cook, Apple CEO
"Presumably right before he does."
Why? Most of the other billionaires have done it years in advance so they can see the benefits of their charity. Gates is a good example of this, and Zuck seems to be trying to join that club too so why would you assume Cook would leave it until the very last moment when his entire personality would seem to imply the opposite?
"Compensation Committee" indeed. The issue with large company boards is that their directors are also directors of other large companies and vice versa. Board members set the rules, so it's not surprising that they would help each other out to ensure their goals are quite attainable. Apple is in a position right now of being the gatekeeper for massive amounts of app and media purchases on their already high-margin devices, ensuring they can collect a toll for as long as people want to keep buying media and apps. So, I don't expect them to be in trouble any time soon.
It's the executive version of the same game most large company workers have to pay to get a bonus payout. I'm not sure which consultancy came up with it, but I've worked for 3 employers now who use the "trigger, on-target, max" SMART objective thing. I'm sure the rules for the executives are much easier to follow along with.
Hopefully he'll be like many multibillionaires and try to do something good with all that excess money even before he dies.
He's barely scraping by as a billionaire, and isn't in the same league as Steve Ballmer, who is now worth 22.7 beeeeeeelion. Or The Flying Zuck, who's worth 36bn. Or billg, who - well, lots and lots and lots.
It's more cash than most of us will ever see, but it's barely pocket money compared to those other incredibly talented titans of IT.
Cook was not a founder of Apple, and didn't benefit from getting a big chunk of stock at inception like Ballmer, Gates and Zuckerberg did with Microsoft and Facebook. So it is entirely reasonable that they are far more wealthy than Cook. No one becomes worth $50 billion on salary, even if that salary includes a longevity bonus of a million shares of stock.
Still even if he was "only" getting the $28,000 per day and not getting that long term stock incentive, I think few of us are going to shed a tear for him if he finds himself left off the billionaires-only club invite list.
At least he's running a company that is doing quite well, unlike some CEOs who continue to make massive paychecks even when their company is going down the tubes and tens of thousands of workers are being laid off (like one of the presidential candidates in the US when she was CEO at HP)
This post has been deleted by its author
...and so is Tim Cook who uses Chinese slave labor to net himself tens of millions in annual compensation for exploiting human beings. Foxconn and other slaves shops should be forced to pay proper compensation and benefits to their employees equal to what Timmy boy gets or their products should be banned from sale in Western society. That would rattle Timmy's cage.
to net himself tens of millions in annual compensation
Tens of millions each year? Really. Did you RFTA before jumping up on that soapbox?
Foxconn and other slaves shops should be forced to pay proper compensation and benefits to their employees equal to what Timmy boy gets
So, every Foxconn employee should make $10 Million a year? Not a bad idea but very impractical. Fair compensation would be fine but what you suggest is beyond the pale.
Damn me... I fed the troll....
Biting the hand that feeds IT © 1998–2022