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Apple chief executive Tim Cook gets $750m payout

bbc.com

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Re: Apple chief executive Tim Cook gets $750m payout

#151

Post by Solstinox »

Aeolun wrote: post #72
rglullis wrote: post #59

Earlier quoted context omitted.

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

> by their scarcity By their perceived scarcity Chances are that anyone other than Tim could have done just as well. Still, this is over 10 years, and Apple shares have increased in value by 1900%. If they were still the same value he’d have gotten 40M, for about 4M per year. Which is much more reasonable. I still think it’s high, but in line with what others get.

Chances are anyone other than Tim could have done just as well?

Did you see what happened to Apple after Steve Jobs got fired? Have you seen what has happened to great civilizations after the roll of monarchical dice or even a democratic election?

Have you ever met a bozo? They exist and there's more of them than there are sane people.

Re: Apple chief executive Tim Cook gets $750m payout

#152

Post by leesalminen »

Kiro wrote: post #98
akie wrote: post #69

Earlier quoted context omitted.

You are justifying someone being paid $750m. No one needs that much money. No one. Why are you defending this? It's obscene. Really reminds me of this https://i.kym-cdn.com/photos/images/original/002/147/150/e2c...

I have no problem defending billionaires who I think are good people, such as Bill Gates.

Are you serious? His PR person must be working some serious magic. Before 2020, Billy was known to be the most ruthless capitalist CEO of the late 20th century.

Re: Apple chief executive Tim Cook gets $750m payout

#153

Post by Andrew_nenakhov »

diordiderot wrote: post #134
Andrew_nenakhov wrote: post #112

Earlier quoted context omitted.

I'm from former USSR and I can hardly stand this commie foolishness. Go to some socialist country like Cuba, Venezuela that have eliminated the inequality (like the USSR did before), then talk about 'moral failings of the society'.

Imagine a world where we didn't have to choose exclusively between dictatorial communism and unfettered capitalism. So sad that any other system is completely impossible

Our world is unfair only when the corruption interferes, that lets you receive more money than you are actually worth. But in case of foxconn workers and Cook, everything is fair. Foxconn workers are not chained to the benches, that simply don't know any other place where they can earn more. And I think Cook doesn't bribe anyone to achieve such payouts. If anything, he's doing a great job developing a business.

Re: Apple chief executive Tim Cook gets $750m payout

#154

Post by SMAAART »

beckman466 wrote: post #46

So according to this 2018 article by The Verge [1], Foxconn workers producing iGadgets in China earn on average $390.16 per month. Times that by twelve and we find that workers earn $4,681.92 per year on average. If we divide Tim's $750,000,000 bonus/payout this year by that $4,681.92 yearly Foxconn salary, we get 160,190 My question is: how is Tim so productive that he does roughly 160,000 people’s work, or 1/8th of…

Recipe to have a nonsensical argument:

1. Take a Normal distribution

2. Take 2 pieces of data that are 3 standard deviation from mean, in opposite directions

3. Compare and contrast

4. Keep a straight face while making the argument, use plenty of Logical fallacies to defend your position against logic and reasoning.

5. Alternate between attacking and being the victim.

6. Lather, rinse, repeat

Re: Apple chief executive Tim Cook gets $750m payout

#155

Post by viztor »

beckman466 wrote: post #46

So according to this 2018 article by The Verge [1], Foxconn workers producing iGadgets in China earn on average $390.16 per month. Times that by twelve and we find that workers earn $4,681.92 per year on average. If we divide Tim's $750,000,000 bonus/payout this year by that $4,681.92 yearly Foxconn salary, we get 160,190 My question is: how is Tim so productive that he does roughly 160,000 people’s work, or 1/8th of…

That's the definition of capitalism.

Re: Apple chief executive Tim Cook gets $750m payout

#156

Post by bohemian99 »

crispyambulance wrote: post #144
rglullis wrote: post #59

Earlier quoted context omitted.

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

> How many Tim Cook's do you have lying around? I think that's also silly calculation. Beyond a certain (admittedly unknowable) point, compensation becomes a meaningless number for the individual. Would Tim Cook "rage-quit" Apple if they could only pay him, say, 75 million instead of 750 million? If yes, then it's pure greed. If no, then it's too much. Is there something substantive behind that 750 million figure oth…

It's a very interesting topic, but clearly the investors/board got what they wanted so they are giving him the payout. It was tied to a goal and they got that goal. So presumably the people paying are happy to pay him that amount.

Would he have reached/pushed for a particularly aggressive goal for less? Could someone else have achieved that goal for less?

No doubt there is some element of personal relationships between everyone in the compensation committee and the ceo.

Re: Apple chief executive Tim Cook gets $750m payout

#157

Post by tclancy »

rglullis wrote: post #114
UncleMeat wrote: post #81

Earlier quoted context omitted.

Because it should be about productivity. People are highlighting a moral failing of society.

If we were to live in a world where we are measured by our productivity, we would ALL be treated like the replaceable cogs from the Chinese factory.

If that’s frightening to you, I think you’re seeing the point.

Re: Apple chief executive Tim Cook gets $750m payout

#158

Post by webinvest »

code_duck wrote: post #122
artembugara wrote: post #63

Can we just let Apple shareholders decide for themselves how they want to spend their money?

That’s my question. How does this benefit Apple as a company or shareholders?

The shareholders decided that providing a share incentive for raising the share price higher than other company shares was a great way to align the interest between the shareholders (who own the company) and the CEO. It’s as simple as that.

Re: Apple chief executive Tim Cook gets $750m payout

#159

Post by leesalminen »

Aeolun wrote: post #104
akie wrote: post #69

Earlier quoted context omitted.

You are justifying someone being paid $750m. No one needs that much money. No one. Why are you defending this? It's obscene. Really reminds me of this https://i.kym-cdn.com/photos/images/original/002/147/150/e2c...

Since he immedially sold all the stock, I assume he has a use for the money. Otherwise keeping the stock would be better.

The markets are seriously inflated with cheap money. That can’t last forever, or even much longer. Best to cash in now and redeploy the cash to a diverse set of assets.

Re: Apple chief executive Tim Cook gets $750m payout

#160

Post by mirthflat83 »

ahtihn wrote: post #107
rglullis wrote: post #59

Earlier quoted context omitted.

When will we learn to stop making these silly calculations about "productivity" and understand that people are paid not by the value of their work, but by their scarcity? Any factory in China can replace most of their 160k employees overnight if they wanted to. How many Tim Cook's do you have lying around?

> How many Tim Cook's do you have lying around Probably thousands? Just put a job ad for "Apple CEO" out there, set pay at a generous 10 million/year and I'm pretty sure you won't have issues finding qualified candidates. I really don't think Apple's valuation would change much if Tim Cook is replaced, so I don't see what justifies such a large bonus.

> Probably thousands?

Lmfao. Hacker News, never change.

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