May 25, 2012 - 05:30 PM EDT — AAPL: 562.29 (-3.03, -0.54%) | NASDAQ: 2837.53 (-1.85, -0.07%)

Apple COO Tim Cook had a nice 2009, gets $12.3 million stock award

Monday, December 28, 2009 · 5:58 pm · 43 Comments

“Apple COO Timothy Cook ran the company brilliantly during CEO Steve Jobs’s six month medical leave this year. Thanks to Apple’s surging stock price, he’s been duly rewarded for it, according to an Apple filing with the SEC,” Nicholas Carlson reports for The Business Insider.

“After earning stock awards worth $7 million and $6 million in 2007 and 2008, respectively, Tim walks away from 2009 with a $12.3 million stock award to go along with a raised salary (up to $800,000 from $700,000) and a nice cash bonus of $800,000. Tim’s total 2009 compensation: $14 million,” Carlson reports. “As usual, Steve Jobs took a $1 salary and a $1 bonus. (His 5.5 million shares of Apple stock performed pretty well, though.)”

Carlson report that “other Apple execs had a nice 2009, too” in his full article here.

MacDailyNews Take: Worth every penny and then some.

Categories: All Sites, News

Thank You for supporting MacDailyNews!

♥ Adobe Photoshop CS6 Extended for Mac - Student and Teacher Edition DVD (65171323) only $249!
♥ Blowout: Apple 15.4" MacBook Pro i7/4Core/2.0GHz/4GB/500GB (MC721LL/A) only $1,549.99 + Free Shipping from MacMall
♥ Mac Madness Save 25% on Parallels Desktop 7!
♥ 15% Off Compatible Ink. 10% Off All Others (excludes OEMs). Free Shipping over $55. Coupon: 123BLOSSOM, Expires 6.18.12
♥ Save up to 60% at the Hammacher Schlemmer Special Values Sale-While supplies last.
♥ Dragon Dictate for Mac 2.5 - New! Simply Smarter Speech Recognition
♥ Up to 30% OFF Accessories from Verizon Wireless
♥ Limited Time Offer: Get free ZAGGsmartbuds when you buy a ZAGGsparq!

Comment Feed

43 Comments

« Previous 1 2 3 Next »

flackman

Monday, December 28, 2009 - 10:17 pm · Reply

Ron: And go back to the wonderful effects of tax cuts for the rich and regulation roll backs for the financial sector that took us for a ride down the poverty express? Do you people not pay attention??

Compared to health insurance companies, Apple produces and sells a product that works and provides value and utility. Health care companies produce no value.
DogGone

Monday, December 28, 2009 - 10:23 pm · Reply

@Josh
That’s your opinion. Remember that others have their opinion and the majority voted Obama in. So until Congress reverts to the Republicans (which will probably happen in Jan 2011, the Democrats have a shot at healthcare reform.

One could argue that the recent “charity” to the financial system was inappropriate. However it did highlight how the wealthy have many ways to ensure they maintain their wealth and even after being exposed shamelessly try to revert to the bonus system that created all the problems in the first place. So I do question when the self-rightious complain about the gov’t spending.

Healthcare like many things in the States have huge disparities between the privileged and the average person. Nobody likes paying taxes but it is a necessary evil of living in society. If you don’t like it, go live in the wild and do everything yourself. Then you’ll quickly learn how we rely on our society to support us.
MCCFR

Monday, December 28, 2009 - 10:31 pm · Reply

I’ve just thought of something.

Josh is probably one of the few people who watches “It’s A Wonderful Life” at this time of year and actually roots for Mr. Potter.

I would count Ron in as well, but he’s a simple soul who’s fixated on nominal levels of tax as being the sole indicator of a succesful country.
alansky

Monday, December 28, 2009 - 10:34 pm · Reply

@Josh:

You are a rare breed: an asshole and a moron. Go do something constructive, like drop dead.
@josh@ron

Monday, December 28, 2009 - 10:49 pm · Reply

Two imbeciles. For peke’s sake I came on to read about mac news. You two assholes must get a kick out of getting people riled up. I mean when you order a cheeseburger at McDonalds do you start up with the cashier on politics?!. Both of you should just f#$ die. Talk about putting a downer on everything. Let me guess, Obama blah, blah, blah this Obama blah that. Whatever.
MCCFR

Monday, December 28, 2009 - 11:02 pm · Reply

Go do something constructive, like drop dead.

Hardly likely seeing as he can’t see his reflection in a mirror, doesn’t cast a shadow and can’t go out in the day.

You could always run a stake through his heart, but I’m not even particularly hopeful about that as a strategy due to the size of the target.
Josh

Tuesday, December 29, 2009 - 1:00 am · Reply

Alas, I never advocated for ZERO federal taxes. Only that there be but one, modest, tax rate (same across the board percentage), and that the federal taxes be used solely for those items enumerated as a constitutionally granted power, and NOTHING ELSE. Healthcare is NOT one of those things. Not even close.

Secondly, some of you seem to think that the mere meaningless fact of you not liking me should somehow grant you the right to confiscate my hard-earned money and redistribute it to others who had nothing to do with earning it. My money would do far more working its way through the private sector than being sucked up by the black hole of an overweening bloated federal bureaucracy.

Seriously, it simply doesn’t matter at all how much you don’t like me. You’re still not entitled to MY MONEY. The U.S. Constitution is a very clear thing, and the only powers our federal government has are those which are specifically enumerated in that great document. Anything NOT enumerated is BEYOND the jurisdiction.

These are true facts, and they are true REGARDLESS of how much you lustily hate my guts.

Geez, but some of you people are really, really, really thick.
@ Josh

Tuesday, December 29, 2009 - 1:13 am · Reply

Still waiting for you to reply specifically to MCCFR’s points about how YOUR (precious bloody poor) education was paid for by SOMEONE ELSE’S (wasted) tax dollars…

Ah, well…
ron

Tuesday, December 29, 2009 - 2:48 am · Reply

@Josh, I wonder if Josh was educated in the Catholic school system – where his parents paid for it, while being screwed out of tax money to pay for public schools. And you all know how great the public schools are.
Josh

Tuesday, December 29, 2009 - 2:55 am · Reply

Ah, I see, so I am now somehow obligated to answer every last question posed to me by anyone and everyone. Geez, but the presumptuousness you people have for tasking other people to do your bidding is pretty remarkable.

Nevertheless, I shall be glad to answer MCCFR’s irrelevant question WITH a question.

What in the world does he know about my education? He appears to be assuming I received a public education. In fact, I did not. If I had, I would likely be as irretrievably ignorant on everything from the United States Constitution to world history to economics to government to every other important subject as every liberal on this board.

As for his out-of-left-field question about paying for fire departments, well, they are not funded at the federal level. They are funded at the municipal and country level, largely through sales taxes and property taxes.

Now then, quid pro quo, please make a Constitutional case for a government takeover of 17% of our economy. Please, which article or amendment entitles some people to the earnings of others. I handily dispensed with your question, now you address mine. Eh?

Liberals are gutless, clueless, cowards!
Josh

Tuesday, December 29, 2009 - 3:03 am · Reply

And by the way, the Democrats haven’t the slightest interest in healthcare finance reform. This is a naked power grab – plain and simple. There isn’t even the slightest whiff of tort reform in this bill. The law that currently causes health insurance competition across state lines is still intact. Our taxes will go up, the quality of our healthcare will plummet, the access to it will have to be rationed, and it will further break an already broken budget in a time of record unemployment and economic instability. And can any of you geniuses tell me when the costs of any past entitlements did not snowball beyond all previous estimates – only to find that the politicians responsible are now retired or dead?

Stop living in darkness. Government largess is killing us. We need only a modest – CONSTITUTIONAL – type of government.
The DataDude

Tuesday, December 29, 2009 - 6:47 am · Reply

The sky is blue, water is wet, the sun sets in the west, and Ron hates Obama and the other Democrats…. <yawn>

Here’s a New Year’s Resolution (and prayer) that would improve our online lives immensely — could we please keep politics (both left and right) out of these MDN discussions? …

please?

Happy New Year everyone!
MCCFR

Tuesday, December 29, 2009 - 7:04 am · Reply

Poor Josh, unable to parse a simple hypothetical. Maybe I should have made it clearer by asking why any childless person or couple (especially GLBT people who are the subject of so much discrimination) should see their taxes – whether local or federal – go into the education system.

As for a constitutional case, look at Section 8 of Article 1: To lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defence and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

“General Welfare” is almost a piece of legislative putty that – if you adhere to the Hamilton interpretation – can be made to mean pretty much anything that the current legislative body wants it to mean: however, if you’re an adherent of the Madisonian interpretation, it means something else.

I would say that – if it were supposed to be an explicit restriction – it would have been written into Section 9 with all of the other limits and restrictions on Congress, but it wasn’t.

I would also say that, even if you ignore education as being locally funded (like that makes a difference), why should people who aren’t flying a plane pay for the FAA. It’s not an enumerated power under the Constitution, but the FAA gets nearly $16 billion.

How about NASA? I don’t see anything about space travel in the Constitution, but it gets $18.7 billion to go and do something called “science”.

But the kicker argument is that, if the provision of healthcare is unconstitutional at any level then – by implication – it is unconstitutional at every level: Given your stance, I suggest that you go and start throwing someone else’s Grandma/Grandpa/Mom/Pop (I don’t want to offend you by assuming that you have either) out of their Medicaid-funded nursing homes – I’m sure no one else would mind.

But if you feel so strongly, why don’t you go and get some hotshot lawyer that wants to make a name for themselves (like Orly Taitz) and start making your arguments through the legal system: if you’re lucky, you could be in front of the Supreme Court in three or four years and you might just get a bunch of right-wing activist judges to side with you.
HUH? WTF? OMG!

Tuesday, December 29, 2009 - 8:59 am · Reply

Holy crap Batman, Apple rewards a captain for doing a good job. How the hell did this turn into a governmental policy discussion? I think you should remember to insure you are in the correct FORUM before vomiting your beliefs.

I felt like I stopped by ESPN and accidentally was redirected to a PORN site. I guess it was fun to look at – but it wasn’t the reason for my original journey.

And – for Tim Cook – well deserved my man – well deserved.
MCCFR

Tuesday, December 29, 2009 - 9:06 am · Reply

@HUH? WTF?…

You are of course correct and I apologize for my part in that – it’s just way too easy to rattle my cage.

Tim Cook is an unsung hero who deserves every penny. I remember when Apple could design great products, but had no ability to ensure that they were appropriately manufactured and stocked. Without Cook, all of the other efforts would be wasted.
theloniousMac

Tuesday, December 29, 2009 - 9:41 am · Reply

Sucks when people publish how much money you make.

Can’t hide it from the wife.
Joe

Tuesday, December 29, 2009 - 9:44 am · Reply

Elephants and asses, screwing the masses…

Tim Cook, real hope and real change we can actually believe in…
hotinplaya

Tuesday, December 29, 2009 - 10:17 am · Reply

I want to know why Steve Jobs received his normal salary?

He only worked 1/2 a year, he should refund 50 cents back to the company, and 1/2 of his bonus!

Prime example of a greedy CEO milking the stock holders
MCCFR

Tuesday, December 29, 2009 - 12:16 pm · Reply

thelonius…

So long as he hasn’t got the same (ex-)wife as Alan in Two and a Half Men.

God, she’s a ball-breaker
@ MCCFR

Tuesday, December 29, 2009 - 1:06 pm · Reply

No need to apologise for publishing your rational, researched, and reasonable views on the state of affairs in the US–your posts are the only ones here that make valid points.

Keep up the good fight! Goodness knows it’s a frustrating one when you’re beating your head against walls of ignorance.