Apple's Tim Cook ranks highest-paid chief executive in the U.S.
Interestingly, the top three highest paid chief executives all have some ties to Apple. The second highest paid CEO, Larry Ellison of Oracle, was a close friend of Steve Jobs, and the number three Ron Jonson of JC Penney is the former head of Apple retail.
It is no surprise that the top three all consists of technology chief executives. But while you have the usual suspects, some surprises can be found as for example outfitters from Abercrombie & Fitch have one of the highest paid CEOs.
And as for Tim Cook, most of you already know that he has been with Apple since 1998, and slowly climbed up the ladder. He probably got noticed by Jobs due to his ability to organize Apple logistics to ship a product on time in the right quantities, something that Apple takes pride in today as well.
source: CNBC via SlashGear
1. mercorp posted on 22 Nov 2012, 02:51 5 0
Given apple's huge amount of cash,
Maybe he could become the richest man next time.
3. flower99 (banned) posted on 22 Nov 2012, 02:52 6 3
Weird, how does this article related to the phone or tablets. And why PA keep release the Apple article recently. I wanna to read more article on products and apps, not the CEO salaries LOL
10. JeffdaBeat posted on 22 Nov 2012, 05:29 4 0
Quite simply because people on this site, whether they love or hate Apple, are probably more likely to click on a story about Apple than anything else. Look at the front page, you'll notice most of the comments are on Apple stories, not Android or Windows 8. When folks click on Apple stories, even if it's to leave hate messages, they are giving it higher traffic than other stories. That tells Phone Arena, this is the kind of story that will draw readers.
Want less Apple stories? Show interest in a different topic.
5. Bozzor posted on 22 Nov 2012, 03:17 0 1
His cash salary is not that impressive - many lawyers make more - but the stock options...
7. darkkjedii posted on 22 Nov 2012, 04:11 1 0
Dude how the hell can his salary not b impressive? Love, or hate apple/Cook the dude has cheddar.
8. cripton805 posted on 22 Nov 2012, 04:56 1 0
They should kick down a little more money toward their slave labor instead...
9. JeffdaBeat posted on 22 Nov 2012, 05:20 5 0
And this is one thing I absolutely agree with. At some point in getting paid such a huge sum of money, Tim Cook with a lot of other CEOs have more money than they could ever spend. They are richer than god. They'll never spend that amount and their family won't either. I absolutely hate the ever growing gap between your average worker and their CEOs.
11. Nathan_ingx posted on 22 Nov 2012, 07:08 0 0
Maybe the world could use another Bill Gates...
13. cripton805 posted on 22 Nov 2012, 09:17 0 0
It's a beneficial part of the company, but the amount of money Apples makes is ridiculous...
They make money off of the products...
They also make money off of the contract sales as incentives for the carriers want to sell their products. Kind of like a car dealership.
Since they don't cut absolutely anyone deals, they make many times over what it costs them to make.
What people don't know I guess. Glass is cheap. The 4 and 4s were mostly glass. It looks expensive, but the company provided one of the cheapest materials available. It amazes me to see web sites glorify it saying its premium feel and materials.
The iPhone 5 is much better about this now at least.
12. Slammer posted on 22 Nov 2012, 07:25 2 0
In the world of business enterprise, it doesn't surprise me that Tim Cook is at the financial level he is at. He has taken over an empire that was created and built by his predecessor in which a new leader generally inherits the wealth.
I will try to be candid as also outspoken here as to say that I haven't really seen the same type of persona or ability of Tim Cook to sustain the level of confidence that Steve Jobs had to build onto the company. Steve Jobs hand picked most of Apple's executives to help build Apple. These executives lived under the roof of Steve Jobs and lived by his rules without losing a beat. Since his passing, this ingredient talent has been segregated by leadership that couldn't seem to keep the very same people on par with each other. This says a lot about the importance of a leader's game. The same people Tim has disbanded, are the ones that Steve utilized to full potential for success. Tim obviously had trouble with this.
Congrats to Tim for his earnings, but it is done by riding on the success of Steve and his created products from conceptual visions and leadership; not his own.
14. toiletcleaner posted on 22 Nov 2012, 09:22 0 0
He is getting paid to much for what he is doing. hope he split some of that $$ whit foxconn
15. InspectorGadget80 posted on 22 Nov 2012, 21:50 0 0
CEO's shouldn't be the one to get million or billion of dollars in pay checks that goes for board directors and exectuve directors. they should put the mone to the people who deisgn the product and the sales people that sells the items. and who cares how much a CEO makes