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This is obscene. He didn't make any iPhone or other device nor worked behind the counter, yet he takes the money that could have been redistributed among the wo

This is obscene. He didn't make any iPhone or other device nor worked behind the counter, yet he takes the money that could have been redistributed among the workers. Despicable man.

b-lee 5y ago
So work is only working behind the counter for you?
- intricatedetail 5y ago
  I am saying his work is not worth this much. He is only able to get this money off the workers because of his position.
PeterisP 5y ago
The money that could have been redistributed among the shareholders - in the absence of this agreement, it would have been dividends or company cash i.e. share price, not redistribution to other workers. And it's not something that Cook took, it's something that was given to him 10 years ago as part of his compensation package (and at the share prices of that time the stock grant would be $75m so $7.5m per year which doesn't seem that outrageous to me). The money was distributed among the workers - which include both people behind the counter and executives like Cook - as the shareholders chose and agreed. Arguably they chose to allocate it like they did (which workers to incentivize more and which less) because they consider that it maximizes their own profit by attracting good workers and motivating them, and they chose to offer Cook a deal that (especially in retrospect) looks very lucrative. Perhaps it was worth it and perhaps it's just gifting him undeserved money - but in any case it's their right to do as they wish even if they spend their money stupidly and randomly give it to someone and not someone else, since all of it (i.e. Apple, it's assets and profits and the value created) belongs to the shareholders, and workers - both people behind the counter and people like Cook - get only what they agreed with the company and thus it's owners/shareholders.
pdpi 5y ago
This "despicable man" is the CEO who blasted a board member for suggesting that he should prioritise profitability over sustainability. https://fortune.com/2014/03/01/apples-tim-cook-picks-a-fight-with-climate-change-deniers/ https://fortune.com/2014/03/01/apples-tim-cook-picks-a-fight...

This is obscene. He didn't make any iPhone or other device nor worked behind the counter, yet he takes the money that could have been redistributed among the workers. Despicable man.

b-lee 5y ago

So work is only working behind the counter for you?

intricatedetail 5y ago
I am saying his work is not worth this much. He is only able to get this money off the workers because of his position.

PeterisP 5y ago

The money that could have been redistributed among the shareholders - in the absence of this agreement, it would have been dividends or company cash i.e. share price, not redistribution to other workers. And it's not something that Cook took, it's something that was given to him 10 years ago as part of his compensation package (and at the share prices of that time the stock grant would be $75m so $7.5m per year which doesn't seem that outrageous to me). The money was distributed among the workers - which include both people behind the counter and executives like Cook - as the shareholders chose and agreed. Arguably they chose to allocate it like they did (which workers to incentivize more and which less) because they consider that it maximizes their own profit by attracting good workers and motivating them, and they chose to offer Cook a deal that (especially in retrospect) looks very lucrative. Perhaps it was worth it and perhaps it's just gifting him undeserved money - but in any case it's their right to do as they wish even if they spend their money stupidly and randomly give it to someone and not someone else, since all of it (i.e. Apple, it's assets and profits and the value created) belongs to the shareholders, and workers - both people behind the counter and people like Cook - get only what they agreed with the company and thus it's owners/shareholders.

pdpi 5y ago

This "despicable man" is the CEO who blasted a board member for suggesting that he should prioritise profitability over sustainability. https://fortune.com/2014/03/01/apples-tim-cook-picks-a-fight-with-climate-change-deniers/ https://fortune.com/2014/03/01/apples-tim-cook-picks-a-fight...