How is Tim Cook still CEO of Apple? Forget sales for a moment and just consider the damage Apple's brand is suffering. $300 books, headphone jacks, unreliable cloud services, missed product launches. In may ways Apples becoming the butt of jokes, a symbol of ignorance. Apple's in total disarray right now and the most loyal followers, myself included, are either jumping ship or seriously considering. The mistakes being made are all, without question, completely avoidable and yet here we are. So I ask again? Why benefit is Apple gaining keeping him on?
Apple cuts Tim Cook's pay 15% for missing sales goals
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Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#12Personally, I'd hate to have his position. I can't imagine the pressure of trying to fill the shoes of Steve.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#13When you're that rich, money is more of a high score than a tool. A pay cut will have more symbolic and emotional effect than actually lacking that money.
I am pretty sure Tim Cook doesn't care.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#14It's not really a "pay cut"; he's not receiving the maximum potential value of his incentive bonus.
yes, The cut doesn't affect him, but the low level workers can feel the affect because they too don't achieve the max.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#15How is Tim Cook still CEO of Apple? Forget sales for a moment and just consider the damage Apple's brand is suffering. $300 books, headphone jacks, unreliable cloud services, missed product launches. In may ways Apples becoming the butt of jokes, a symbol of ignorance. Apple's in total disarray right now and the most loyal followers, myself included, are either jumping ship or seriously considering. The mistakes bein…
Your first reason for him being a bad CEO is a $300 book. A lot of companies have these type of books which are also costly, I don't think it's a good idea to start argument about him being a bad CEO with a book example.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#16Oh no, now he won't be able to afford that thing. Oh wait, yes he will. It seems to me that executive compensation has become so inflated, it's lost its incentive value.
I have read studies that too much reward actually destroys the incentive. Instead of doing the work they are supposedly incentivized to do the main focus shifts on getting the reward at any cost.
I think I read that incentives only really work for mundane repetitive work. For anything intellectual or creative it is neutral or even negative.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#17How is Tim Cook still CEO of Apple? Forget sales for a moment and just consider the damage Apple's brand is suffering. $300 books, headphone jacks, unreliable cloud services, missed product launches. In may ways Apples becoming the butt of jokes, a symbol of ignorance. Apple's in total disarray right now and the most loyal followers, myself included, are either jumping ship or seriously considering. The mistakes bein…
Your first reason for him being a bad CEO is a $300 book. A lot of companies have these type of books which are also costly, I don't think it's a good idea to start argument about him being a bad CEO with a book example.
No, it's a fine example, and makes a succinct point.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#18How is Tim Cook still CEO of Apple? Forget sales for a moment and just consider the damage Apple's brand is suffering. $300 books, headphone jacks, unreliable cloud services, missed product launches. In may ways Apples becoming the butt of jokes, a symbol of ignorance. Apple's in total disarray right now and the most loyal followers, myself included, are either jumping ship or seriously considering. The mistakes bein…
I don't understand why I can't plug the lightning headphone that comes with my brand new apple phone in my brand new apple notebook.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#19Earlier quoted context omitted.
Your first reason for him being a bad CEO is a $300 book. A lot of companies have these type of books which are also costly, I don't think it's a good idea to start argument about him being a bad CEO with a book example.
No, it's a fine example, and makes a succinct point.
It's a hobby project that keeps designers feel valued and most companies do it. Some release it, some don't. But they all do it.
Re: Apple cuts Tim Cook's pay 15% for missing sales goals
#20When you're that rich, money is more of a high score than a tool. A pay cut will have more symbolic and emotional effect than actually lacking that money.
I am pretty sure Tim Cook doesn't care.
You missed the point. Getting 100% or 120% of your bonus target says, "you're an awesome leader and people should respect you". Getting 89.5% says "get your life together". It's about pride and bragging rights. Nobody wants to go down in history as the one who led apple's implosion.