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>Tim Cook, leading the most valuable company in the world, earned $13M in 2017 Not so fast, comrade :-) You just showed his salary, but forgot the stock owner
by jazzyk 9y ago
>Tim Cook, leading the most valuable company in the world, earned $13M in 2017
Not so fast, comrade :-)
You just showed his salary, but forgot the stock ownership which is part of the total compensation package.
In 2017, he cashed in at least 43 million from this sale.
https://www.bloomberg.com/gadfly/articles/2017-08-30/tim-cook-apple-stock-sale-weirdly-timed https://www.bloomberg.com/gadfly/articles/2017-08-30/tim-coo...
- nso95 9y agoWhich is still a small fraction of the wealth of Bill Gates and Buffet
- jazzyk 9y agoHe has been CEO for only 6 years. His net worth is about 800M, increasing by about 100M every year, so he will be a billionaire in a couple of years. He did not invent anything, he did not start a world-changing company (like Gates). He is a competent manager, but nothing more than that. https://www.quora.com/What-is-the-net-worth-of-Tim-Cook https://www.quora.com/What-is-the-net-worth-of-Tim-Cook
- davrosthedalek 9y agoHow many similar competent managers are out there? Why didn't Apple hire a different one for less money? If they a so rare that demand drives the price up, why is that bad? If they are not rare, why doesn't the competition drive down the price?