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iGenesis 01/09/12 4:54:00 PM #1: |
for the next 9.5 years of service as CEO.
To be more technical, 500K shares will vest in August 2016, and 500K more shares will vest in August 2021. The $422M figure comes from AAPL's latest closing price of $422. ($422/share * 1M shares = $422M. Go figure.) AAPL's share price could be very different in 2016 or 2021, but either way, it's a disgusting sum of money on top of the $800M or so he's already taken from the company. http://market (space) watch.com/story/apple-ceo-cook-gets-1-mln-share-retention-award-2012-01-09?dist=afterbell Another reason (in a lengthy list) why Apple is a f***ing joke. (Full disclosure: No positions in Apple stock. Personally boycotting all Apple products, effective through year 2049.) -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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skull_bonek23 01/09/12 4:57:00 PM #2: |
Why is this important at all?
-- skull ... Copied to Clipboard!
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SupremeZero 01/09/12 4:58:00 PM #3: |
From: iGenesis | #001 ... you ARE aware that Jobs took his 1$ salary because of his Disney stocks, right? -- There's always hope for better things in life. But you can't let anything, friend, lover, God himself, be your hope. You have to be your own hope. ... Copied to Clipboard!
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Silvercross 01/09/12 5:00:00 PM #4: |
Does anyone know if it's possible to close other users topics with the GameFAQs Premium account?
-- There was a signature here. It's gone now. Your face is bees. ... Copied to Clipboard!
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Not Dave 01/09/12 5:01:00 PM #5: |
so what
-- ND ... Copied to Clipboard!
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iGenesis 01/09/12 5:01:00 PM #6: |
From: SupremeZero | #003 Tim Cook has cashed in over $800M from Apple thanks to his decade+ tenure and serving as interim CEO during all those Jobs sick leaves. He doesn't need the money either. Greed knows no bounds in modern capitalist societies. -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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SupremeZero 01/09/12 5:02:00 PM #7: |
From: iGenesis | #006 That's meaningless in the face of stocks in DISNEY of all companies. -- There's always hope for better things in life. But you can't let anything, friend, lover, God himself, be your hope. You have to be your own hope. ... Copied to Clipboard!
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Achromatic 01/09/12 5:02:00 PM #8: |
Good for him, I am sure he works hard.
-- Ngirl is a toll bridge - Wigs Gotta pay if you want to come inside! - Ngirl ... Copied to Clipboard!
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Mershaaay 01/09/12 5:03:00 PM #9: |
Why would you not want to make as much money as possible if you are earning it?
He could invest that money and donate it to charity when he retires, you know -- SephirothG, channeling awesomeness from Mershiness. The Resurrection ... Copied to Clipboard!
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Leebo86 01/09/12 5:05:00 PM #10: |
iGenesis overreacting to meaningless stuff, nothing to see here.
-- Connecticut Huskies ... Copied to Clipboard!
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foolm0ron 01/09/12 5:05:00 PM #11: |
Wow I'm so angry that someone is more successful than me
-- _foolmo_ 'You are obviously intelligent and insightful' - Sir Chris about me ... Copied to Clipboard!
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Mershaaay 01/09/12 5:07:00 PM #12: |
iGenesis posted...
(Full disclosure: No positions in Apple stock sucks, bro -- SephirothG, channeling awesomeness from Mershiness. The Resurrection ... Copied to Clipboard!
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TheRock1525 01/09/12 5:08:00 PM #13: |
foolm0ron posted...
Wow I'm so angry that someone is more successful than me -- TheRock ~ Slow dramatic zoom-pan. Doesn't phase the hooded man. ... Copied to Clipboard!
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th3l3fty 01/09/12 5:08:00 PM #14: |
CEO salaries are pretty ridiculous, but they're uniformly so, so I fail to see what's so offensive about this specific instance!
-- thelefty for analysis crew 2008 imo -tranny I have a third degree burn in flame-o-nomics -Sir Chris ... Copied to Clipboard!
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SupremeZero 01/09/12 5:10:00 PM #15: |
From: th3l3fty | #014 Uniformly ridiculous, but not ridiculously uniform. -- There's always hope for better things in life. But you can't let anything, friend, lover, God himself, be your hope. You have to be your own hope. ... Copied to Clipboard!
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smitelf 01/09/12 5:11:00 PM #16: |
Yep, CEO salaries are ridiculous
-- Official Queen ***** of the Universe! ... Copied to Clipboard!
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Silvercross 01/09/12 5:14:00 PM #17: |
Oh man, you can just tell iGenesis is prepping a wonderful response.
-- There was a signature here. It's gone now. Your face is bees. ... Copied to Clipboard!
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iGenesis 01/09/12 5:15:00 PM #18: |
From: th3l3fty | #014 present evidence -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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SupremeZero 01/09/12 5:16:00 PM #19: |
... you're going to ask him to list every CEO in the world's salary now, aren't you.
-- There's always hope for better things in life. But you can't let anything, friend, lover, God himself, be your hope. You have to be your own hope. ... Copied to Clipboard!
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SlymDayspring 01/09/12 5:24:00 PM #20: |
CEOs get paid a lot
in other news: grass still green -- I'm "kind of a big deal". http://img.imgcake.com/cyclo/Cyclopngegpngre.png ... Copied to Clipboard!
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neonreap 01/09/12 5:25:00 PM #21: |
guys please stop
-- where is mankriks wife ... Copied to Clipboard!
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foolm0ron 01/09/12 5:26:00 PM #22: |
From: SlymDayspring | #020 present evidence -- _foolmo_ 'Illegal activities is a slight misnomer, most of it is not related to material that is actually illegal.' - nintendogrl1 ... Copied to Clipboard!
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BFairfield 01/09/12 5:27:00 PM #23: |
Less than $50 million a year doesn't actually seem all that much for a CEO. I mean, it's a ton, but not really worth complaining about. And it seems quite reasonable to pay him in Apple stock, considering his own wealth will mirror the performance of the company.
-- Sig ... Copied to Clipboard!
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OmarsComin 01/09/12 5:31:00 PM #24: |
Good for him, I am sure he works hard.
this is a bad topic but let's be real, no one works $422 million over 10 years hard ... Copied to Clipboard!
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Mershaaay 01/09/12 5:32:00 PM #25: |
OmarsComin posted...
Good for him, I am sure he works hard. this is a bad topic but let's be real, no one works $422 million over 10 years hard Pujols -- SephirothG, channeling awesomeness from Mershiness. The Resurrection ... Copied to Clipboard!
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LordoftheMorons 01/09/12 5:32:00 PM #26: |
And you didn't even win any money from the last contest! Life is just rigged against you, huh?
-- http://img255.imageshack.us/img255/2636/ivotedphoenixyi0.png No I'm not a damn furry. Looney Tunes are different. - Guiga ... Copied to Clipboard!
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Achromatic 01/09/12 5:33:00 PM #27: |
From: OmarsComin | #024 I disagree. He doesn't work 422 million over ten years hard. He works "Price of the company he runs" hard. If that company keeps that price then he has, by all means, worked hard and well deserves it. If it is higher, even better. I mean money is a bit weird but paying in stocks is a good way to do things. -- Behold the majesty that is Doom. Feast upon his greatness, and know you will never measure up. http://img.imgcake.com/Punny/scenemaybecompletepngre.png ... Copied to Clipboard!
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iGenesis 01/09/12 5:35:00 PM #28: |
From: SupremeZero | #019 or provide a non-idiotic answer as I do below: "but Apple isn't an average company!" here's one that's more profitable than apple: http://www.equilar.com/ceo-compensation/2011/chevron_john_s._watson.php $13M in total comp. for 2010. Still far from $50M. -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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Silvercross 01/09/12 5:41:00 PM #29: |
-- There was a signature here. It's gone now. Your face is bees. ... Copied to Clipboard!
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KingButz 01/09/12 6:00:00 PM #30: |
From: TheRock1525 | #013 -- My Japanese alter-ego. Hey all this is Bartz btw. ... Copied to Clipboard!
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iGenesis 01/09/12 6:13:00 PM #31: |
From: KingButz | #030 LOL at using the word "successful" to describe an over-compensated CEO. He's the supply chain guy. Not even the product designer (exterior or UI) or an engineer responsible for making things happen. -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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MrSmartGuy 01/09/12 6:17:00 PM #32: |
Let's pay every single engineer at Apple $422 million. That'll teach those CEO's.
-- Xbox GT/PSN name: TatteredUniform http://www.scuffletown.org/wp-content/uploads/2010/05/tRBE1.gif ... Copied to Clipboard!
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Emporer_Kazbar 01/09/12 6:25:00 PM #33: |
From: iGenesis | #031 OK -- Will not remove this line of my signature until the Seahawks, Jazz or Rockies win a title (Started 5-16-09) SuperNiceDog: Guru winner ... Copied to Clipboard!
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OmarsComin 01/09/12 6:42:00 PM #34: |
I would just like to point out that iGenesis has a bad Mario and Zelda tier list
... Copied to Clipboard!
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SmartMuffin 01/09/12 6:46:00 PM #35: |
If you object so strongly, perhaps you SHOULD buy some Apple shares and vote to oust the current board of directors. They're the ones who set CEO salaries...
-- SmartMuffin - Because anything less would be uncivilized - http://img.imgcake.com/smartmuffin/barkleyjpgde.jpg http://dudewheresmyfreedom.com/ ... Copied to Clipboard!
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foolm0ron 01/09/12 8:19:00 PM #36: |
From: iGenesis | #031 So why is he there? I'm sure someone else would do the job for less than $40 mils a year, right? You would do it for $30 mils probably, right? So why aren't you at Apple taking his job right now? -- _foolmo_ 'I love you so much' - SineNomine ... Copied to Clipboard!
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iGenesis 01/09/12 8:35:00 PM #37: |
From: foolm0ron | #036 because I don't want to work for Apple. For any amount. It's called having principles. -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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Wanglicious 01/09/12 8:42:00 PM #38: |
man, i'd kill for 1% of that.
-- The King Wang. Listen up Urinal Cake. I already have something that tells me if I'm too drunk when I pee on it: My friends. - Colbert. ... Copied to Clipboard!
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thundersheep 01/09/12 8:45:00 PM #39: |
From: Wanglicious | #038 I don't really care what people make, but comments like this shed light on how ridiculous these salaries are getting. I mean you could live on 1% of this guy's salaries and still be extremely well-off... that's insanity. -- http://soundcloud.com/thundersheep/lunatic-asylum http://soundcloud.com/thundersheep/summer-rain ... Copied to Clipboard!
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LordoftheMorons 01/09/12 8:50:00 PM #40: |
iGenesis posted...
From: foolm0ron | #036 So why aren't you at Apple taking his job right now? because I don't want to work for Apple. For any amount. It's called having principles. Why aren't you the CEO of your own highly successful company then? -- http://img255.imageshack.us/img255/2636/ivotedphoenixyi0.png No I'm not a damn furry. Looney Tunes are different. - Guiga ... Copied to Clipboard!
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GaryOak151 01/09/12 8:57:00 PM #41: |
The president makes about .1% of that. Not 1, .1.
So yeah. -- Warning_Crazy Winner of Board 8 Big Brother! i may be running for senatorship (thanks nio) but i'm no SUPERNICEDOG ... Copied to Clipboard!
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Mershaaay 01/09/12 8:59:00 PM #42: |
GaryOak151 posted...
The president makes about .1% of that. Not 1, .1. So yeah. The guy is responsible for making tens of billions of dollars in annual profit. The President loses trillions of dollars every year. Fair. Next. -- SephirothG, channeling awesomeness from Mershiness. The Resurrection ... Copied to Clipboard!
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Dauntless Hunter 01/09/12 9:03:00 PM #43: |
I don't see the big deal here. It's Apple's money, they can do what they want with it. Personally (and it sounds like you're the same), I don't care for anything Apple does, so why should this bother me? It's not like they'd do anything else with that money that I would like any better, so why shouldn't they use it to pay this guy?
Also, one of the contextual ads I got for this topic was: Apple in 2015? Apple will be bigger than Exxon with or without Steve Jobs. uhh pretty sure it's gonna be "without" -- [NO BARKLEY NO PEACE] ... Copied to Clipboard!
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foolm0ron 01/09/12 9:10:00 PM #44: |
From: iGenesis | #037 Oh, THAT is why you aren't working for Apple. Man, for a second there I thought you just lacked the skills necessary to run a company like Apple, like every other person in the world other than Tim Cook. Excuse me for being so foolish. -- _foolmo_ 'It's easy to get yourself in trouble if you start quoting people who don't like you in your signature' - Mods ... Copied to Clipboard!
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Wanglicious 01/09/12 9:13:00 PM #45: |
there's plenty of people in the world who can run apple.
cook's just been doing it for a while and thus the most logical pick. not that this guy can obviously, but still. it's not a shortage of numbers to run a major company that's the dealio. -- The King Wang. Listen up Urinal Cake. I already have something that tells me if I'm too drunk when I pee on it: My friends. - Colbert. ... Copied to Clipboard!
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iGenesis 01/09/12 9:24:00 PM #46: |
Some typical Apple salaries, courtesy of Glassdoor:
Software Engineer: $103,733 per year Senior Software Development Engineer: $110,333 per year Software Engineering Manager: $138,882 per year Senior Project Manager: $126,667 per year Financial Analyst: $82,156 per year Senior Financial Analyst: $98,729 per year Supply Chain Manager: $116,395 per year Web Developer: $81,686 per year Senior Director: $208,710 So what Apple's board of directors is implying is that a CEO is worth 500X a mid-level engineer and 250X a senior director. Actually, more than that, because he's already guaranteed this amount upfront. If you honestly think CEOs deserve their pay, or they make money proportional to the value they add to their firms, you're a brainwashed, deluded, and ignorant idiot. The real-reason behind ever-increasing executive comp? Corporate board promiscuity, for the lack of a better word. Ever notice how the same people serve on the BODs of multiple Fortune 500 corporations? Bob Iger of Disney oversaw the Pixar acquisition, made Steve Jobs a multi-billionaire, and gave him a free Disney board seat. Now Iger is getting a lucrative Directorship at Apple worth millions of dollars. Favour for favour. Check cleared. -- GameFAQs.com: Where YOU make the content, but CBS makes the money. http://lueshi.info/Mario_Zelda_Tier_List.gif ... Copied to Clipboard!
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foolm0ron 01/09/12 9:25:00 PM #47: |
From: iGenesis | #046 Damn son I gotta get me a job here -- _foolmo_ 'Oh please, if foolmo made that analogy you'd think it was picture perfect' - Biolizard28 ... Copied to Clipboard!
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OmarsComin 01/09/12 9:27:00 PM #48: |
Damn son I gotta get me a job here
My first thought too. I can deal with the horrible injustices happening to me cuz I'm making bank. ... Copied to Clipboard!
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voltch 01/09/12 9:27:00 PM #49: |
Can Tim Cook cook well?
-- Vote for this guy in every contest, our Guru champion: SuperNiceDog ... Copied to Clipboard!
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Shoenin_Kakashi 01/09/12 9:29:00 PM #50: |
From: foolm0ron | #047 From: OmarsComin | #048 Ditto -- Oh SuperNiceDog's doing it again dude. SuperNiceDog, you ain't no pimp dude ... Copied to Clipboard!
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