Laurie Meisler and Jenn Zhao write for Bloomberg:
Are chief executive officers worth their pay? Apple CEO Tim Cook’s $10 million in compensation isn’t chump change, but it’s a bargain when you compare that to the company’s massive average economic profit over the last three years. Other companies pay their CEOs much more, but seem to get a lot less for it.
Bloomberg looked at the pay-for-performance ratio of 100 CEOs at some of the largest companies around the world to see which companies are getting the best value from their CEO.
Apple CEO Tim Cook is ranked eleventh with a score of 95.40; latest pay: $10,281,327; company’s three-year average economic profit: $22,609M million; note: “Expected to own a stake in Apple worth 10 times his base salary.”
Read more in the full article here.
MacDailyNews Take: Tim Cook offers excellent TCO.