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Apple CEO Tim Cook Earned $63.2 Million in 2023
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Many people saying this will likely sing a different tune the moment they actually got that much money.
Talk is cheap.
talk is the only thing we have here in cheap, plentiful supply so... here's some more
What really piques my interest is what Tim plans to do with all that money?
And also when you have that much money, is 'Tim running Apple' really where his imagination ends (I mean, he could go do/work on anything).
And also when you have that much money, is 'Tim running Apple' really where his imagination ends (I mean, he could go do/work on anything).
Apple boss Tim Cook 'to donate millions' to charity
Apple CEO Tim Cook says he will give away most of his $800m (£537m) fortune to good causes before he dies.
www.bbc.com
He has mentioned before that he intends to eventually leave his money to charity.
The funniest thing is the guy actually has a 401k! Is that a break glass in-case of emergency thing?!
It’s a little distasteful to be suggesting to other people what to do with their money. How do you know he doesn’t donate a sizeable amount to charity? Maybe he does, maybe not, it’s his decision alone.
I think when you are at a pay scale like this, these 'pay cuts' are really just technical in nature. He already has enough to buy anything he could possibly want.
That is assuming Apple is the only stock he owns (not a chance), and discounting all the annual income from years past. I'm quite sure Mr. Cook is pretty comfortably North of $1B.
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I’m not even sure how that happens. Isn’t there a legal maximum income to be qualified to have a 401K?
When people complain of how expensive Apple stuff is and complains that a $20 upgrade in memory or SSD is $200, this is why.
While Cook's compensation is obviously quite high, as far as overall company costs are concerned it's kind of meaningless and has practically no impact on product pricing.
Apple has around 160,000 employees. If each employee was given just a $400 raise or bonus, it would cost the company more than Cook's entire compensation.
Apple sold around 230 million iPhones in 2022. If Apple sent out a minuscule 30 cent rebate for each of those iPhones, it would cost the company more than Cook's entire compensation.
"works harder"
Doubtful...but his decisions certainly involve far more capital and have been demonstrated to be far far more valuable than other people decisions. Thats how he got where he is today.
And for what's its worth....that is a pittance to his value to apple. He is working for nearly nothing given the consistent direction of apple for shareholders.
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Well good news...the vast majority of rich people end up setting up foundations to help the world. That is the norm not the exception.