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This is a reward for past performance, not an incentive for future performance. I’m sure that Tim Cook was already extremely wealthy prior to this, to an exten
by code_duck 5y ago
This is a reward for past performance, not an incentive for future performance.
I’m sure that Tim Cook was already extremely wealthy prior to this, to an extent that would exceed any capability to spend it on himself.
So now that he has an additional 750 million dollars, what is his incentive to continue performing?
He needs another 750 million dollars? For what? Is he supposed to be excited that he might receive some other ridiculous sum of money for which he has no realistic use?
- webinvest 5y agoNo, this share plan was decided years ago around the time Steve Jobs died. Apple’s outlook wasn’t so clear then.
- code_duck 5y agoWhat do you mean by 'no'? That agrees with the statement that this is a reward for past performance and I don't see how that is relevant to my other statements.
- webinvest 5y ago> “This is a reward for past performance, not an incentive for future performance.” It _was_ an incentive for future performance. The shares for this reward had already been set aside years in advance incase he hit his share price targets —- when they were worth much much less.