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No matter how big is Apple is today, $750m is an obscene amount of money. Don't understand people that can justify that.
by Thaxll 5y ago
No matter how big is Apple is today, $750m is an obscene amount of money. Don't understand people that can justify that.
- chii 5y ago> Don't understand people that can justify that. well, the owners of apple (the shareholders, via the board) decided that it is justifiable, and fair. Other people, unrelated to this commercial agreement between Cook and apple, have no real say. Nor should they.
- SamoyedFurFluff 5y agoI think the broader society does always have a say into the private agreements of individual entities and corporations. This is called labor law. So technically, they do have a say. Of course I highly doubt that society would be willing to pass a labor law to limit the bonus of CEOs. But I don’t think that’s because society doesn’t have a say; I think that’s because society broadly doesn’t consider this objectionable enough to forbid.
- PeterisP 5y agoIMHO it does matter how big Apple is today, because that's the appropriate context, that's the size of the pie that's being divided and the size of value creation for which he's being compensated. The payout is less than 0.05% of the value increase of Apple under Cook's leadership. Many other people played a hand in it, but it seems to me quite plausible to attribute at least 1/1000th of that growth to Tim Cook personally.
- malshe 5y agoIf his compensation is tied to the market value of Apple, of course it matters how big Apple is. If it were worth $5 trillion today, his compensation would have been double.