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Tim Cook poised to get $750M final payout from award

11 points| hheikinh | 4 years ago |bloomberg.com

21 comments

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[+] hamburgerwah|4 years ago|reply
I don't really see the problem here. This is part of the deal he signed when he agreed to follow steve jobs. He delivered incredible value to shareholders.

I have no love for apple as a company but they hired this guy to do a job and he did it about 10X as well as anyone expected. I think a lot of folks were expecting another Sculley or Amelio situation.

He is not getting paid in cash, he is getting paid in stock for which he is primarily responsible for the increase in value thereof.

[+] gravstar|4 years ago|reply
This is Apple saying Tim Cook is 100% responsible for their 10x growth which of course absolutely false.

Apple individual/private/corporate consumers and their wallets are responsible for all that growth.

Tim Cook is responsible for the policies, enforcement of policies, commercial-propaganda, and the MASS dissemination of commercial-propaganda that extorted consumers, proliferated human rights violations, destabilized regional and global economies, and severely impacted the environment and ecology of our planet.

[+] jl2718|4 years ago|reply
Fed monetary policy nets CEO $750M bonus.
[+] collyw|4 years ago|reply
I am quite free market ideology but one man getting close to a billion, when he isn't even a founder seems kind of excessive. Change my mind.
[+] zepto|4 years ago|reply
The company has increased in value by approx 10x since he has been in charge. This is 10x what the founders were able to achieve.

As a percentage of the value increase his payout is nominal. Less than 0.1%.