Tim Cook actually made $145 Million in 2016, the most of any S&P 500 CEO


On the surface, Apple's CEO pay for last year was "just" $8.75 million, hurling Tim Cook towards the bottom third of all CEOs in the list of the S&P 500. This figure, however, only accounts for the direct salary and bonuses received plus some the amount of some of the inevitable executive privileges. The more interesting story, however, are the 1.26 million shares he got awarded as an incentive when he became Apple's CEO in 2011.

Those are granted with various performance strings attached to be vested fully, and in the case of Apple a fifth were tied to the three-year company shareholder return performance relative to the S&P 500 index. Given that in Apple's fiscal year that ended last September the shares had outrun the index by 78% for three years prior, Tim Cook's fifth can be fully vested at today's prices, along with the rest of his company stock that can be vested simply by running the company. This means that Apple's CEO actually could run home with $145 million just for the 2016 fiscal year alone, while so far he has amassed $320 million. 

Not that he is going to spend them all at once, and even plans to give it all to charity, Bill Gates and Warren Buffett style, it's just that the "puny" $3 million basic salary can be pretty misleading, it turns out. Next in line for head honchos crossing the $100 million mark in pay for 2016 is Netflix's CEO Hastings with $106 million, mostly because Netflix has been a runaway success for its shareholders, too.

source: Bloomberg

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24 Comments

1. jack11141

Posts: 73; Member since: Sep 30, 2015

Ha ha ha. Robbery.

2. TerryD

Posts: 559; Member since: May 09, 2017

They ask a price, you pay it. Where is the robbery there?

8. sgodsell

Posts: 7514; Member since: Mar 16, 2013

Simple the robbery comes from their customers. Just look at their latest iPhone 7 which sell for $650, and it comes with a low resolution (1334x750) HD display, 2 GB of RAM, 32 GB of non expandable storage, cat 9 LTE, no wireless charging or quick charging, USB 2.0 proprietary lightning port, no audio jack. If the iPhone 7 hardware​ was used in a Android smartphone, then it wouldn't get more than $250 for a brand new smartphone. Sure Apple can charge whatever they want for their smartphones. I guess it's the same for Qualcomm charging Apple what every they want for their technology or patent usage. No wonder why Apple has record profits all the time.

9. g2a5b0e unregistered

Exactly. If Apple was charging too much, their phones wouldn't sell. I don't understand why people care so much about what other people spend their money on.

3. HillaryClinton2020

Posts: 191; Member since: Feb 08, 2017

bRAVO TIM COOK YOU DESERVES IT

4. lyndon420

Posts: 6861; Member since: Jul 11, 2012

He got your money...that's all that matters. He could take a rainbow colored dump and you'd still praise him for it lol.

6. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

Annnnnddddd lyndon420 is the first low income dirtbag that, jealous of what Tim Cook has accomplished in life, shows up making a salty comment. Too bad, so sad. Blame your parents for raising you to be such a failure, lyndon420, don't take it out on Tim Cook.

10. lyndon420

Posts: 6861; Member since: Jul 11, 2012

Oh no...did I hurt your feelings? Sorry muffin lol. I love your assumptions though as it really adds credence to your kind's mindset. ;)

22. sgodsell

Posts: 7514; Member since: Mar 16, 2013

Apple-rulz I would rather be called a dirt bag any day of the week. Instead of a mindless sheeple follower like you. If Apple sold a plaque with a dog crap polished and shellacked with an Apple logo on it. Then you would be first in line to buy it, and say it's the best on the market.

7. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

Absolutely right he deserves it. He leads the/one of the most valuable companies on earth, and was hand-picked by Steve Jobs to do so. He works tirelessly, and his efforts have helped transform Apple into the powerhouse it is today.

5. iczer

Posts: 160; Member since: Oct 14, 2015

Wow iSheeps Tim is taking all your money!!

11. Tipus

Posts: 899; Member since: Sep 30, 2016

Good for him. As per saying - lox ne mamont, ne vymret :))))

12. sissy246

Posts: 7129; Member since: Mar 04, 2015

My God you people are so far up Cooks azz it's funny. Why do you even care what Cook makes. Is he going to give you some, LMFAO

13. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

You care what he makes because you clicked on he article AND took the time to comment.

15. sissy246

Posts: 7129; Member since: Mar 04, 2015

No I don't I did even read this article because I don't give a s**t what he makes. I did click on it to read the comments and LMAO how all you isheep care what he makes , like he is going to send you a free phone for it LMFAO

19. lyndon420

Posts: 6861; Member since: Jul 11, 2012

Lol...with the way they comment - almost as if they expect him to be reading these comment sections...like apple can do no wrong.

21. sgodsell

Posts: 7514; Member since: Mar 16, 2013

Please sissy246 and lyndon420, people like apple-rulz, TerryD, Leo_MC, HillaryClinton2020, nxt.., and many others should be respected and not called names. There is an official term for these people and it should be used. They are sheeple. Now get it right next time.

27. lyndon420

Posts: 6861; Member since: Jul 11, 2012

Name calling is a last resort reserved for the desperate lol.

16. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

You don't realize it, but your clicking on the article and taking the time to comment by definition makes YOU an isheep, since anything Apple related gets your juices flowing.

17. Tipus

Posts: 899; Member since: Sep 30, 2016

What is your rank in apple defense force?

20. lyndon420

Posts: 6861; Member since: Jul 11, 2012

We must assume that he has high hopes of being their main spokesperson lol.

25. sissy246

Posts: 7129; Member since: Mar 04, 2015

LMFAO...... No way in hell will I ever be a isheep, you sure as hell are, lol

23. frustyak

Posts: 248; Member since: Mar 08, 2010

He didn't make $145 million because he didn't sell the shares. His net worth may be close to that, but it's a bit misleading to say he "made" $145 million. And since the vesting was based on the performance of the company, as the CEO it's fair to say he earned it.

24. p51d007

Posts: 705; Member since: Nov 24, 2013

Apple can pay their CEO whatever they want. It's a company in the business of making money. People have the choice of either buying Apple products, or not buying Apple products. But...but...but...he makes 1,000 times more than someone working at McDonald's (et al) Maybe that's because there are thousands of people that can DO that type of work, but not very many that can DO what the CEO's of some of these companies make.

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