> You are justifying someone being paid $750m. No one needs that much money. No one. Why are you defending this? It's obscene.
Yeah, he doesn't need it, but I am happy that he has it. He clearly is a guy who can deliver value for society and I don't think he is going to use the money stupidly.
Would I pay someone $750m to run a company? Definitely not. However as a stock owner I would pay using stock compensation, and that's what happened here. The whole idea that the owners are paying in cash is wrong to begin with, as that isn't the case.
Of course no one needs it. But the discussion here was if he had earned it, and he definitely has. Relative to value creation, I bet he’s very low in the CEO compensation league.
> But the discussion here was if he had earned it, and he definitely has.
I disagree.
> Relative to value creation, I bet he’s very low in the CEO compensation league.
You really think Tim Cook has created the value of the company? I very seriously doubt it. At the risk of whataboutisms: what about the engineers who did the work? What about the factory workers who did the work? What about the contractors who did the work?
Tim Cook didn't create the value. He created a contract. That's all.
> People are not paid based on what they need, they're paid based on value they provide
If that were true then he'd be paid far less. Tim Cook does not provide value to Apple to the tune of billions of dollars. The people who work for Apple do.
Elsewhere in this post people have said that his compensation is 0.03% of Apple's market cap.
It would not be hard to believe that Tim Cook's decisions had a larger impact than that on Apple's market cap because he has extremely high leverage as the CEO.
Are you serious? His PR person must be working some serious magic. Before 2020, Billy was known to be the most ruthless capitalist CEO of the late 20th century.
When will people be done with these communism ideas? Go to Cuba or Venezuela to experience the equality by yourself, like I did: I was born in the USSR, and though I was young when it finally dissolved, I've had enough of this commie shit.
The markets are seriously inflated with cheap money. That can’t last forever, or even much longer. Best to cash in now and redeploy the cash to a diverse set of assets.
I can imagine investing in megaproejcts or foundations that nobody else seems to be investing in for the good of humanity or a cause, such as space travel.
Otherwise, 750 million dollars is probably more than what anybody needs.
It reminded me of SpaceX almost dying in the early days because even Elon Musk is not made out of unlimited money.
Yeah, he doesn't need it, but I am happy that he has it. He clearly is a guy who can deliver value for society and I don't think he is going to use the money stupidly.
Would I pay someone $750m to run a company? Definitely not. However as a stock owner I would pay using stock compensation, and that's what happened here. The whole idea that the owners are paying in cash is wrong to begin with, as that isn't the case.