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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

#32

Post by ZephyrBlu »

user-the-name wrote: post #26
danpalmer wrote: post #10

This 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…

> which he has essentially 10x'd the value of in his tenure Think there might have been one or two other people involved in that. Maybe even a few more than that.

And a lot of those people would have also had stock based compensation.

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

#35

Post by whack »

> In 2015, Mr Cook said he would give away his entire fortune before he dies, and is known to have donated tens of millions of dollars to charity.

I'm normally a proponent of reducing income inequality. But this has got me thinking. Is the world actively better off when billionaires like Cook/Gates/Buffett make a ton of money.

Consider the alternative: someone in the 75th percentile of USA income gets a fat raise. Most of this money is spent on a nicer house, a nicer car, eating out, going on vacation, etc. Contrast this against a billionaire who has signed the giving pledge. They spend a small fraction of this money on themselves. And the majority ends up going to charitable causes such as educational initiatives, HIV research, deworming, clean drinking water, etc.

Ironically, big payouts (and tax breaks) for billionaires* would do more to help the needy, compared to raises for the upper-middle-class.

*This only applies to those billionaires who have committed to donating most of their wealth of course

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

#38

Post by vmurthy »

From the article : "In 2015, Mr Cook said he would give away his entire fortune before he dies, and is known to have donated tens of millions of dollars to charity".

Success during one's life , paying it back to make the society a better place once gone. Take a bow, Mr Cook. What more can one ask for in a lifetime :)

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