Apple CEO Tim CookApple CEO Tim Cook has acquired $115 million worth of vested Apple stock this week, according to new filings with the Securities and Exchange Commission. As detailed in the filing, 560,000 restricted stock units have vested for Cook after AAPL exceeded performance expectations.
For 2019, Cook was granted 280,000 shares of AAPL for his continued employment at Apple, and another 280,000 shares for meeting performance requirements.
Going forward, Cook has 1,820,000 restricted stock units in this award – 700,000 restricted stock units vest on August 24, 2021; the balance of 1,120,000 restricted stock units vests in two equal annual installments commencing August 24, 2020.
MacDailyNews Take: Hey, Tim finally got paid more than Angela!
BTW, $115 million is $55,288.46 per hour. Not a bad paycheck!
U.S. real median household income was $63,688 per year (U.S. Census Bureau, January 2019).
The bar seems to have been set too low if a $115 million award is for meeting expectations. The stock is in the doldrums and down from its year ago high. The iPhone sales are down. There is a FAA ban on certain MacBooks on commercial flights. And so forth .. This kind of performance does not seem to warrant a $115 million dollar award.
Plus, everyone should note that this is above and beyond his normal paycheck which is reportedly approximately $15 million a year. So with a total compensation of approximately $130 million this year, that works out to about $62,290 per hour if he were to work a 40 hour week, which is almost what MDN claims is the average ANNUAL income of the average U.S. household. If take every hour of the year he’s breathing (even asleep) its about $14,830 an hour. That’s almost what a person working full time at the U.S. minimum wage makes in a year.
High CEO/Chairman salaries are definitely warranted in many cases. Millions of dollars a year are standard. However, $130 million a year with expectations of as much as another $130 million in 2020 and possibly as much as $272 million in 2021 is way over the top.
The Mac Pro that should have been announced and delivered 4 years ago? Yeah we heard.
What is most likely, a small incremental improvent or a revolution in computing? From Timmy, we know.
It will have a Samsung OLED screen and therefore cost 20% more than the butterfly junk models, more if you want RAM with it. Everything will be soldered so future repair will be impossible. Apple strongly encourages you to buy AC insurance. To keep the solid alyooominyum slab cool, speeds will be throttled and all GPU intensive stuff will have to rely on external breakout boxes. Schiller will brag about removing 50 milligrams of mass and 0.5 mm of thickness from each revolutionary key on the keyboard.
Yippee. Wake us up when the MBP returns all the user friendly features that Apple took away for the last 2 generations.
As Steve used to call people who were uninformed, inept… “Bozos!” Apple Watch is a Top Fortune 500 Co. By itself, also Services. I see everyone wearing Airpods, iMac, and iMac Pros Selling better than ever, iPhone 10R selling well. Apple Music & App Store sell way more than Google Play Store Malware Infested crap. Let’s see your Accomplishments and Failures posted here and let us be the Judge!
Spoken like a true Liberal who cant handle others being better off.
He earned it fair and square!
The road is open, go do it yourself if you can rather than act like a pathetic loser!
You handout loving, freeloading, jealous, self entitled morons!
We have this curious concept in America called “free markets.” Among other things, it allows the sellers of property, services, and their personal labor to ask as high a price as they like. It allows the purchasers to agree to as low a price as they can get away with. The actual price is set through negotiations.
The Apple Board would not have agreed to the Cook contract unless it believed the price was worth it. Outsiders who are not privy to Apple’s internal affairs are not in the best position to second-guess whether the deal was advantageous. We certainly shouldn’t be suggesting that Apple ignore its contractual obligations.
The bar seems to have been set too low if a $115 million award is for meeting expectations. The stock is in the doldrums and down from its year ago high. The iPhone sales are down. There is a FAA ban on certain MacBooks on commercial flights. And so forth .. This kind of performance does not seem to warrant a $115 million dollar award.
Plus, everyone should note that this is above and beyond his normal paycheck which is reportedly approximately $15 million a year. So with a total compensation of approximately $130 million this year, that works out to about $62,290 per hour if he were to work a 40 hour week, which is almost what MDN claims is the average ANNUAL income of the average U.S. household. If take every hour of the year he’s breathing (even asleep) its about $14,830 an hour. That’s almost what a person working full time at the U.S. minimum wage makes in a year.
High CEO/Chairman salaries are definitely warranted in many cases. Millions of dollars a year are standard. However, $130 million a year with expectations of as much as another $130 million in 2020 and possibly as much as $272 million in 2021 is way over the top.
And lets not forget the MacPro debacle that still has not been solved, just promised.
U must be living under a rock..
U seen the new Mac pro announce a couple months ago?!
The Mac Pro that should have been announced and delivered 4 years ago? Yeah we heard.
What is most likely, a small incremental improvent or a revolution in computing? From Timmy, we know.
It will have a Samsung OLED screen and therefore cost 20% more than the butterfly junk models, more if you want RAM with it. Everything will be soldered so future repair will be impossible. Apple strongly encourages you to buy AC insurance. To keep the solid alyooominyum slab cool, speeds will be throttled and all GPU intensive stuff will have to rely on external breakout boxes. Schiller will brag about removing 50 milligrams of mass and 0.5 mm of thickness from each revolutionary key on the keyboard.
Yippee. Wake us up when the MBP returns all the user friendly features that Apple took away for the last 2 generations.
As Steve used to call people who were uninformed, inept… “Bozos!” Apple Watch is a Top Fortune 500 Co. By itself, also Services. I see everyone wearing Airpods, iMac, and iMac Pros Selling better than ever, iPhone 10R selling well. Apple Music & App Store sell way more than Google Play Store Malware Infested crap. Let’s see your Accomplishments and Failures posted here and let us be the Judge!
Spoken like a true Liberal who cant handle others being better off.
He earned it fair and square!
The road is open, go do it yourself if you can rather than act like a pathetic loser!
You handout loving, freeloading, jealous, self entitled morons!
We have this curious concept in America called “free markets.” Among other things, it allows the sellers of property, services, and their personal labor to ask as high a price as they like. It allows the purchasers to agree to as low a price as they can get away with. The actual price is set through negotiations.
The Apple Board would not have agreed to the Cook contract unless it believed the price was worth it. Outsiders who are not privy to Apple’s internal affairs are not in the best position to second-guess whether the deal was advantageous. We certainly shouldn’t be suggesting that Apple ignore its contractual obligations.