4 ms·

> Cook’s annual base salary and bonus will remain unchanged at $3m and $6m respectively. But the “targeted” amount he will be given in share-based bonuses will

> Cook’s annual base salary and bonus will remain unchanged at $3m and $6m respectively. But the “targeted” amount he will be given in share-based bonuses will fall from $75m last year to $40m this coming year. Not a smaller base salary, or performance related bonus (which is seemingly guaranteed), but a smaller extra bonus bonus. His $40mil of shares next year will probably be the same number of shares he received last year for $75mil anyway.

crazygringo 4y ago
What difference does it make which bucket it falls into? Adding up your numbers, it's a 42% pay cut either way, which is huge. If your "extra bonus bonus" is the majority of your compensation by far, then it's the main thing that matters. (It's wouldn't even be possible to cut his main salary/bonus by that much, since the cut is larger than both of them combined.) Also the number of shares is irrelevant, only their value when issued. And Apple's stock is currently only about 10% less than its average over the last year (from a rough eyeballing), so no, it wouldn't be the same number of shares anyways.
- Synaesthesia 4y ago
  It's so much money that it's kind of beyond my imagination frankly.
- shapefrog 4y ago
  Shares were issued 2022-09-25 ~ $150 mark. Next lot will be in a years time, plenty of trading days to go yet to get any number on the scale. The number of shares is irrelevant, only their value when they become unrestricted in a few years time.
- Jedd 4y ago
  > ... it's a 42% pay cut either way, which is huge. It's really not huge. He's worth north of $1b (USD), so his 'pay' is ~4% of his wealth - compare that to yourself / any other human you know. For a 62yo to churn through $1,500,000,000 (and interest earned on same) before they die will take some serious effort, but negligibly different effort than the $1,550,000,000 this story implies he'll have to contend with in a year.
  - moron4hire 4y ago
    Seems the popular way to burn through a lot of money right now is to start a vanity space program.
    - therealdrag0 4y ago
      Or buy a social media company.
  - deleted 4y ago
    [deleted]

crazygringo 4y ago

What difference does it make which bucket it falls into? Adding up your numbers, it's a 42% pay cut either way, which is huge. If your "extra bonus bonus" is the majority of your compensation by far, then it's the main thing that matters. (It's wouldn't even be possible to cut his main salary/bonus by that much, since the cut is larger than both of them combined.) Also the number of shares is irrelevant, only their value when issued. And Apple's stock is currently only about 10% less than its average over the last year (from a rough eyeballing), so no, it wouldn't be the same number of shares anyways.

Synaesthesia 4y ago
It's so much money that it's kind of beyond my imagination frankly.
shapefrog 4y ago
Shares were issued 2022-09-25 ~ $150 mark. Next lot will be in a years time, plenty of trading days to go yet to get any number on the scale. The number of shares is irrelevant, only their value when they become unrestricted in a few years time.
Jedd 4y ago
> ... it's a 42% pay cut either way, which is huge. It's really not huge. He's worth north of $1b (USD), so his 'pay' is ~4% of his wealth - compare that to yourself / any other human you know. For a 62yo to churn through $1,500,000,000 (and interest earned on same) before they die will take some serious effort, but negligibly different effort than the $1,550,000,000 this story implies he'll have to contend with in a year.
- moron4hire 4y ago
  Seems the popular way to burn through a lot of money right now is to start a vanity space program.
  - therealdrag0 4y ago
    Or buy a social media company.
- deleted 4y ago
  [deleted]