It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Apple's Tim Cook loses 99 per cent of iSalary Apple's Tim Cook loses 99 per cent of iSalary
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Apple's Tim Cook loses 99 per cent of iSalary
Thread Tools
Old 31st December 2012, 11:17   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 122,048
Stefan Mileschin Freshly Registered
Default Apple's Tim Cook loses 99 per cent of iSalary

While you are worried about surviving on your double Christmas salary until the accounts department opens in January, you might want to dedicate five nanoseconds to the woes of Tim (Captain) Cook.

The CEO of Apple, should be making a killing, but the poor lamb has seen his income fall by 99 percent over the last year.

Cook earned $4.17 million in 2012 which is down from $378 million he collected in 2011.

Apple said in a federal filing that the 2012 salary was lower than 2010 pay when he was serving as Apple's chief operating officer. Indeed it looks like taking over Apple was bad for his bank balance.

Sadly it is not as bad as it sounds Cook did not receiving any stock awards for 2012 because he was handed more than $375 million in stock awards the year before.

The 2012 package instead includes a salary of $1.4 million and a bonus of $2.8 million. Cook's base salary actually increased compared with the $900,000 he earned in 2011.

Apple's shares are 35 percent higher than when Cook assumed the CEO role. But this year they fell more than 27 percent since October, when shares climbed to $700.

Analysts are worried that Jobs' Mob is losing its momentum and the company is falling behind in terms of innovation.

While Apple's iPhone is still the world's leading single branded smartphone, more than 75 percent of smartphones sold use Google's Android. Android phones are now coming out with radical features which eclipse the iPhone including the novelty of having mapping software which works and can tell you the time.

In the last two weeks Apple has substantially scaled back its orders for iPhone components suggesting it may manufacture fewer devices than previously expected.

Cook has also failed to stop the stupid Apple versus Samsung patent war which was started by his prdecessor and has now blighted the whole industry. So far Apple has not stopped any Android company suffering too much from its patent antics, other than HTC which paid it large sums of money to go away.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Apple's Tim Cook would like iDevices assembled in the USA Stefan Mileschin WebNews 0 4th June 2012 09:20
Apple's Cook heaps scorn on Microsoft's Metro UI Stefan Mileschin WebNews 0 26th April 2012 08:22
Intel to lay off 10 per cent of IT staff Sidney WebNews 0 23rd September 2007 19:35
Core 2 Duo is 50 per cent of all Intel CPU shipments jmke WebNews 0 18th July 2007 12:19
LCD, plasma TVs grew by 90 per cent in first quarter jmke WebNews 1 13th July 2007 22:24
Geforce 8900 GTX has 25 per cent more shaders jmke WebNews 1 14th February 2007 14:55
Vista gaming will be 10 to 15 per cent slower than XP jmke WebNews 2 9th October 2006 20:55
Socket AM2 CPUs three to five per cent faster jmke WebNews 2 15th March 2006 10:38
70 per cent of upgrade market is still AGP jmke WebNews 0 10th December 2005 18:02

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 16:08.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO