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Apple chief executive Tim Cook gets $750m payout
11–20 of 360 posts
Re: Apple chief executive Tim Cook gets $750m payout
#12I thought that CEOs of American companies were legally required to maximize profit. Reducing Cook's salary sure whould increase profits.
I think you are thinking of the general maxim that the goal of executive management of a corporation is to maximize share holder value in the long term. As with most maxims, there is a lot of wiggle room.
Re: Apple chief executive Tim Cook gets $750m payout
#13I thought that CEOs of American companies were legally required to maximize profit. Reducing Cook's salary sure whould increase profits.
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Re: Apple chief executive Tim Cook gets $750m payout
#14I thought that CEOs of American companies were legally required to maximize profit. Reducing Cook's salary sure whould increase profits.
You have to pay for talent. How many people in the world have the talent to run a $2.4 trillion company effectively.
Probably not just this one guy?
Re: Apple chief executive Tim Cook gets $750m payout
#15I thought that CEOs of American companies were legally required to maximize profit. Reducing Cook's salary sure whould increase profits.
That's apparently a popular misconception: https://medium.com/bull-market/there-is-no-effective-fiducia...
In this case specifically, it's very unlikely that any group of shareholders could succesfully sue the Board about this compensation package.
Re: Apple chief executive Tim Cook gets $750m payout
#16This is a lot any way you look at it, but before everyone jumps in to compare to other things, it's worth noting that this was agreed 10 years ago, and the value is down to two things: 1) hitting targets that earned him this amount, and 2) the amount being in terms of shares, not dollar value, which he has essentially 10x'd the value of in his tenure. If Apple had not roughly 10x'd in value over the last decade this…
"Roughly doubled"? You might want to double-check your research.
Apple is worth about 11x what it was worth 10 years ago.
Re: Apple chief executive Tim Cook gets $750m payout
#17Re: Apple chief executive Tim Cook gets $750m payout
#18Earlier quoted context omitted.
You have to pay for talent. How many people in the world have the talent to run a $2.4 trillion company effectively.
Probably not just this one guy?
No but the other guys at that level also already have offers for very high amounts so you can't get any of them if you aren't paying large sums.
Re: Apple chief executive Tim Cook gets $750m payout
#19I thought that CEOs of American companies were legally required to maximize profit. Reducing Cook's salary sure whould increase profits.
How do you know that for sure? With less compensation perhaps he wouldn't work as hard.
I'm not arguing for or against his payment amount, but I find it hard to believe someone would work less hard if they were told, "You'll only receive an extra $200 million in 10 years, in addition to your normal salary, instead of an extra $750 million."
Who would say, "Nah, sounds like a lot of work for only $200 million extra. I'll just coast, thank you."
Re: Apple chief executive Tim Cook gets $750m payout
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