The $378 Million CEO

[JS80]

Populist rabble rabble rabble Occupy Infinite Loop

http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2012-01-09-19-30-52

LOS ANGELES (AP) -- Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before cofounder Steve Jobs died.

An Associated Press review of a securities filing shows Cook's pay package was valued at $378 million. The vast majority came in a grant of a million restricted stock units worth $376 million at the time. Half of the stock units will vest in August 2016, the other half in August 2021.

His salary and performance bonus, about $900,000 each, made up the rest.

In comparison, Jobs took $1 annual salary for years and owned about 5.5 million shares, worth about $2.3 billion today.

Cook's restricted shares are now worth $422 million.

 

[Doppel]

If he's half as good as Jobs he'll pay that back to Apple in spades.

 

[Rainsford]

It'll be interesting to see if this guy can deliver a continuation of Steve Jobs era Apple. If he does, his pay package will be money well spent by the Apple investors. But if not, he'd hardly be the only CEO in America paid obscene amounts of money for being a total failure.

 

[Rainsford]

If he's half as good as Jobs he'll pay that back to Apple in spades.

At this point I think that will have to involve finding the next big industry Apple can invent. Their massive growth has come from figuring out the next big thing before everyone else REALLY got the full scope of the opportunity, and then doing it better than most of those who followed. Tablets, MP3 players, smart phones weren't invented by Apple...but Apple definitely turned them into the market they are today.

Personally I think doing that sort of thing is a lot harder than what most companies do, which seems to be marginal improvements in existing markets to take market share from other companies. The talent (and vision) it requires to do that seems like it's pretty rare. Steve Jobs had it...time will tell if Tim Cook does too.

 

[saratoga172]

Nothing against Steve. He was a great man and leader. But sometimes don't you think he was able to surround himself with some brilliant people who came up with ideas?

I'm sure he helped no doubt, but do we know for sure they were all his ideas or does he get credit for being the leader of the company?

 

[mchammer187]

Nothing against Steve. He was a great man and leader. But sometimes don't you think he was able to surround himself with some brilliant people who came up with ideas?

I'm sure he helped no doubt, but do we know for sure they were all his ideas or does he get credit for being the leader of the company?

He gets credit because he singlehandedly reversed the course of the company. When he came back Apple was going to collapse within 3 years at the pace it was going.

Does he deserve all the credit? Of course not but he without him Apple would pretty much be dead or least a nobody where now they are the largest company in the world (by market cap).