Apple CEO Tim Cook Earned $63.2 Million in 2023

[Velli]

lol…I would.
Then I’d retire and donate 95% of my money to help the world.

I’m assuming with a statement like that, that you donate 5% of your current salary to help the world.

20 bucks a month will send a child in Africa through school.

“I would give money to the poor, if only I had more than I do now…”. Unless you are in fact poor, you have enough to help someone.

(Yes I do donate every month, but I will keep the amount to myself).

 

[Velli]

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.

The problem is that rich people is a minority. If a majority of average people gave a little more, it would matter a whole lot more. No, you or I can’t give as much as Bill Gates, but 10 bucks from everyone with a job can.

 

[nylonsteel]

i dont mind mr. cooks compensation
it could be worse if he was the greedy type - but i dont think he is
my only complaints are
wish aapl stock would be performing better
come out with a product thats "insanely great" - its been awhile

 

[cocky jeremy]

Tim should donate his money. $63 million is way more than enough to live comfortably.

It's his money. He can use it however he chooses. He helped make Apple to be worth $2.7 trillion dollars.

 

[delsoul]

Given is probably a better word to use. Not quite sure he “earned” it. Lackluster new products consistently being introduced, many of them rehashed in some way or another. For a trillion dollar company, I expect a bit more out of them and using that money to really make something mind blowing. Only reason Tim Cook is still in his position is because he was picked at the time by Steve Jobs and it would cause a disturbance in the value of the company, even if deservingly so that a change was made.

 

[delsoul]

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.

The vast majority of rich people set up foundations for tax loopholes. Plain and simple. There may be some heart behind it, but first and foremost is to help their own wallet/purse remain full. Nobody gets that rich without hitting the lottery or without stepping on a few toes along the way.

 

[trichardlin]

Tim should donate his money. $63 million is way more than enough to live comfortably.

Other than donating to a major university, it's actually much harder than you think to give away that much money thoughtfully.

 

[ronno]

I agree with you. There is no need for any human being to have more than about 7 million, which is enough to live on comfortably for a lifetime.

Not where I live. Nice house around here is $5m+.

 

[NT1440]

Not where I live. Nice house around here is $5m+.

“Nice house”

 

[Bodhitree]

Not where I live. Nice house around here is $5m+.

We have expensive neighbourhoods too. But you don’t *need* that.

 

[I7guy]

Given is probably a better word to use. Not quite sure he “earned” it. Lackluster new products consistently being introduced, many of them rehashed in some way or another.

The board doesn’t quite agree with you.

For a trillion dollar company, I expect a bit more out of them and using that money to really make something mind blowing.

Depends on whose definition of “mind blowing” is being used.

Only reason Tim Cook is still in his position is because he was picked at the time by Steve Jobs and it would cause a disturbance in the value of the company, even if deservingly so that a change was made.

I say the reasons Tim Cook is still in his positions are not what your believe. But that’s me.

 

[delsoul]

New emojis, a journal app, and new bugs introduced with every new update isn’t exactly “mind blowing” from a trillion dollar company.

 

[Apple_Robert]

With that income, a guy could afford to buy a new phone every year.

 

[Abazigal]

New emojis, a journal app, and new bugs introduced with every new update isn’t exactly “mind blowing” from a trillion dollar company.

It speaks of the company's consistency though, and maybe that's what the majority of Apple's user base really wants at this point.

Google lays off “hundreds” more employees, strips Google Assistant features

Google’s layoffs hit hardware, the Google Assistant, and even the AR division.

arstechnica.com

Take this thread for example, where the majority of commenters are expressing their frustration with google.

I do find it funny how people tend to bash Apple so often when (in 2024 anyway) clearly their strategies - including top-down management - have proven to be very effective.

If not, Google would have decimated Apple long ago.

Apple's ability to stay consistent - at least much of the time - while making improvements is a large part of what has kept me a customer all these years.

 

[daabido]

He should get 4 times that amount. He works harder than everyone who's going to comment in this thread; combined.

What a pompous statement.

 

[daabido]

Hmmm, can we add a decimal in there?

- Asking for a friend who is an Apple employee

Sure. $312.50

 

[ronno]

We have expensive neighbourhoods too. But you don’t *need* that.

5m It’s not fancy around here… The fancier ones are $10-20 million and more.

 

[DEMinSoCAL]

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.

Likewise, if Apple only charged 100% profit price on storage upgrade on iPhone (they charged $40 instead of $200) that's a loss of $160 per iPhone x 230 million. You do the math.

 

[iDaniel88]

What's with all the snarky comments? Cook's done a terrific job with Apple.

 

[webkit]

Likewise, if Apple only charged 100% profit price on storage upgrade on iPhone (they charged $40 instead of $200) that's a loss of $160 per iPhone x 230 million. You do the math.

Ok but, again, Cook's compensation has little impact on pricing.

As far as phone storage goes, some companies charge even more than Apple for upgrades. For example, to go from 512GB to 1TB:
Samsung charges $240 on Galaxy S23 Ultra.
Google charges $220 on Pixel 8 Pro.
Apple charges $200 on iPhone 15 Pro.

 

[DownUnderDan]

You can see why Tim is determined to try and stop employees unionising with these kind of cost pressures on Apple. Its not like Apple can afford Tim's salary and benefits if everyone is getting paid fairly.

 

[DownUnderDan]

Ok but, again, Cook's compensation has little impact on pricing.

As far as phone storage goes, some companies charge even more than Apple for upgrades. For example, to go from 512GB to 1TB:
Samsung charges $240 on Galaxy S23 Ultra.
Google charges $220 on Pixel 8 Pro.
Apple charges $200 on iPhone 15 Pro.

If Tim's income has little impact on pricing, then I guess the last argument for increasing the wages and salaries of Apple employees just went away.

 

[DownUnderDan]

No one on the planet does a job where they are worth 63 million in annual income. No one.

 

[ackmondual]

Well, we can rest assured he's not going to copy Microsoft, so no "Tim Cook Foundation"

 

[Jsmooth57]

Tim should donate his money. $63 million is way more than enough to live comfortably.

You could say this about anyone who earns more than a few million per year.

Pretty sure by your logic you should donate your money too. Anyone who lives in the USA working an average corporate job probably has more to live on than they need.

Tim Cook earns what he earns. Who gives a **** whether he spends every cent or donates it?