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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

#221

Post by bserge »

TheOtherHobbes wrote: post #208
Aeolun wrote: post #72

Earlier quoted context omitted.

> 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.

I don't think anyone other than Tim could have done just as well. If you look at competing tech corps - HP, IBM, Sun, MIPS, SGI, DEC, Nokia, even MS - their run isn't as long, they fail to adapt after a strong start, and the wheels often come off in spectacular ways. And that's with competent management. (Let's not talk about the multiple management idiocies that happened at HP.) Apple is now one of the longest lived…

You sure it wasn't Jobs? Looks to me like Cook just kept things going about the same as Jobs would have (at least the last version of him).

I do wonder how long it's gonna last.

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

#222

Post by unethical_ban »

vmurthy wrote: post #203
eliaspro wrote: post #95

Earlier quoted context omitted.

And during his lifetime, this money is locked away, only accessible by him, taken out of circulation and thereby not adding any worth against ever-growing inequality, supporting economic prosperity or tax-funded investments. This is just once again a case of philanthropic green-washing of what should be actually simply heavily taxed.

> This is just once again a case of philanthropic green-washing of what should be actually simply heavily taxed. Not being snarky but heavily taxed and then what? Expect the government to make the best decision on how to spend money?

Yes. I guess you want to live in a world where taxes are optional and we hope people like Tim Cook would charitably repair failing bridges and provide healthcare to communities.

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

#223

Post by SantalBlush »

Andrew_nenakhov wrote: post #112
UncleMeat wrote: post #81

Earlier quoted context omitted.

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

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'.

Go to some country like the United States, where we have nice things like weekends and 40-hour work weeks because we had a rather successful labor movement in the early 20th century because of discussions like this. We used to have children working in coal mines, and now we don't largely because people spoke out. Thank god for them.

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

#224

Post by cascom »

akie wrote: post #69
spottybanana wrote: post #58

Earlier quoted context omitted.

> My question is: how is Tim so productive that he does roughly 160,000 people’s work, or 1/8th of Foxconn’s total workforce? [2] /s Nobody has been making these productivity claims to begin with, but leftists commonly use productivity vs salary to ridicule CEO compensation. CEOs are paid for numerous reasons, for example board wants to trust the person with billions worth of assets which makes it sensible to pay cer…

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...

That people should only have what they “need” as determined by [you?] is a political/moral philosophy that is quite controversial.

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

#225

Post by eptcyka »

bobcostas55 wrote: post #183
eptcyka wrote: post #161

Earlier quoted context omitted.

I think it's laughable to assume that it was only Tim Cook who contributed to that. Indeed, where would we be if it wasn't for these handful of superhuman geniuses.

During his tenure the market cap has increased by about $2 trillion. How much of that value has Cook captured? A very small %. Perhaps even smaller than his actual contribution! You could easily make the argument that Cook is being exploited by the shareholders.

What has been the remarkably great move from Apple in the last 10 years? Develop their iTunes store to provide more media and bring in-house productions to have a more of a moat? Develop their own silicon to decrease reliance on others? Develop products that can take advantage of their strengths, a la Tags? Move into services as most of the world is getting more Apple-product saturated? Extend ownership of their product lifecycles, by being hostile towards 3rd party repairs? Offer financial services to allow the less fortunate to obtain your products? I don't want to detract from the respect that's due for these moves, but they are not that far off the beaten path for a market leader looking to solidify it's position in it's place. Most other improvements to their products and services have been incremental. Of course, there is something to be said about not straying from the light, as other companies have done. However, I do think that Apple's valuation is somewhat tied to the buying power of the world, and on the timescale's we're looking at, more and more people are gaining access to Apples products as the world economy improves. All of these are great things, and of course I'm talking with hindsight, but to me these all feel like strategies that seem somewhat obvious and will generally work wonders when executed from the position of a market leader.

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

#226

Post by cascom »

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.

That’s just risk management

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

#227

Post by uuddlrlr »

uuddlrlr wrote: post #214
bohemian99 wrote: post #182

Earlier quoted context omitted.

So many companies have flatlined after a new CEO took over, think Microsoft after Ballmer took over. So I think there is some difficulty involve.

I guess my point is that the leadership within Apple is a lot more diffuse than typical; I believe most of Apple's value is from delivering a high degree of consistency and polish; owing to its culture of relentlessly developing the UX of their products. Therefore the CEO's primary roles at Apple would be to maintain that culture, steer the ship into new segments, and discern when the public will care about those seg…

If I let my bias show I'd say Microsoft's value is from developing technology just enough to set up bill gates for customers :p

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

#228

Post by mjlangiii »

rglullis wrote: post #59
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…

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?

Celebrating maximum exploitation of workers by those with all the leverage & power and calling the decent consideration of another man's well-being silly, that's, well, I'll just say that I believe we can do better, sir.

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

#229

Post by unethical_ban »

MikeLumos wrote: post #170
DasIch wrote: post #61

Earlier quoted context omitted.

Rich people spend money on charities they like. They change society the way they want it to change that does not necessarily make society a better place nor is it necessarily what most people want. If he had to pay all of this on taxes, society could decide how to use that money and it would be just as much, if not more "a better place".

Why does everyone think that they know better how to spend other people's money than the people who have earned it? Somehow the people who didn't have the intelligence and discipline to spend decades successfully doing things that make them rich are so sure that they would be able to do better with their (totally hypothetical) wealth than the people who did. Everyone loves to claim some kind of moral superiority over…

Why does everyone think that the person receiving money knows how to spend it better than any other person?

Notice I didn't say "earned" because the entire premise of some is that one cannot morally "earn" a billion dollars - that something is fundamentally broken in our society when wealth can become so centralized.

Some people make fun of the idea that government is a decent decisionmaker for spending money on society, whenever raising taxes on the wealthy comes up. Where do you draw the line? Do you think they currently are taxed perfectly? Do you think no one should be taxed? How would the infrastructure these companies relied on get funded?

Oh, I see you committed another trope of comparing the earnings of anyone on this thread (and about 95% of the country) to a billionaire. The floor for living comfortably, or even somewhat luxuriously, is a much higher proportion of the wages of a middle class household than it is for a billionaire. I make 0.02% annually of just this bonus. Don't you think that makes a difference in the equation?

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

#230

Post by LandR »

rglullis wrote: post #59
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…

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 don't think these people are as special and rare as you think they are.

There are plenty of smart people on the planet.

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