5 ms·

Doesn't Zuckerburg not take a salary?

deleted 4y ago
[deleted]
Alupis 4y ago
Salaries for most of these Tech CEO's are irrelevant. This gesture from Cook is all about the PR and will have nearly zero (or zero) impact on his daily life and compensation from running Apple. It looks really good though, and makes for a great headline. For these folks, it's all about the stock. By making this salary cut into a PR event, Cook's long term compensation is likely to skyrocket as shareholders reward the company's direction.
- cma 4y ago
  The article says this is a total comp cut, not just a salary cut. Salary before stock incentives for 2022 was only $3 million or so. I'm not sure what it had gone up to for 2023, but if it is a similar ratio of salary to other incentives, almost all of this 40% cut would be through stock incentive cuts wouldn't it?
  - Alupis 4y ago
    What you say is true. The comment I was responding to mentioned other tech ceo's with a token or no salary. Regardless, Cook already owns a massive amount of stock. The PR event, and the eventual rise in Apple's price will reward Cook massively over the long term. It also paves the way for a dramatic increase in total compensation when the economy gets back to normal and Apple share price rises with the tide naturally.
    - cma 4y ago
      The PR will fade, obviously his reduction isn't going to impact the stock enough to make up for it to him when multiplied by his minor fraction of the total (Cook owns around 0.02% of Apple). It will make up for it multiplied across all non-Cook Apple shares, but isn't that the point?
- dnissley 4y ago
  Zuckerberg does not take stock compensation either
  - Alupis 4y ago
    Zuckerberg doesn't need any additional stock - he owns all the stock that matters already.
    - dnissley 4y ago
      I mean... neither does Tim, Satya, Sundar, or Andy.
      - Alupis 4y ago
        Zuckerberg's shares are pretty special, compared to the others you mentioned. Zuck can do whatever he wants and remain in control. The others have to keep the board happy...
        dnissley 4y ago
        None of the others will basically ever control enough shares to be able to have leverage over the board, so I'm not sure why that's relevant. Again, none of the above need any more stock.

deleted 4y ago

[deleted]

Salaries for most of these Tech CEO's are irrelevant. This gesture from Cook is all about the PR and will have nearly zero (or zero) impact on his daily life and compensation from running Apple. It looks really good though, and makes for a great headline. For these folks, it's all about the stock. By making this salary cut into a PR event, Cook's long term compensation is likely to skyrocket as shareholders reward the company's direction.

cma 4y ago
The article says this is a total comp cut, not just a salary cut. Salary before stock incentives for 2022 was only $3 million or so. I'm not sure what it had gone up to for 2023, but if it is a similar ratio of salary to other incentives, almost all of this 40% cut would be through stock incentive cuts wouldn't it?
- Alupis 4y ago
  What you say is true. The comment I was responding to mentioned other tech ceo's with a token or no salary. Regardless, Cook already owns a massive amount of stock. The PR event, and the eventual rise in Apple's price will reward Cook massively over the long term. It also paves the way for a dramatic increase in total compensation when the economy gets back to normal and Apple share price rises with the tide naturally.
  - cma 4y ago
    The PR will fade, obviously his reduction isn't going to impact the stock enough to make up for it to him when multiplied by his minor fraction of the total (Cook owns around 0.02% of Apple). It will make up for it multiplied across all non-Cook Apple shares, but isn't that the point?
dnissley 4y ago
Zuckerberg does not take stock compensation either
- Alupis 4y ago
  Zuckerberg doesn't need any additional stock - he owns all the stock that matters already.
  - dnissley 4y ago
    I mean... neither does Tim, Satya, Sundar, or Andy.
    - Alupis 4y ago
      Zuckerberg's shares are pretty special, compared to the others you mentioned. Zuck can do whatever he wants and remain in control. The others have to keep the board happy...
      - dnissley 4y ago
        None of the others will basically ever control enough shares to be able to have leverage over the board, so I'm not sure why that's relevant. Again, none of the above need any more stock.