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  • Tim Cook's $100 Million Payday


    Apple CEO Tim Cook is sitting pretty today as the chief executive of the world's most profitable company. And according to the latest stats served up by compensation tracking firm Equilar, Cook is on pace for a major payday in the coming weeks.

    With the first quarter being a very common period for new stock and options to be awarded, older equity grants become vested. As a result, no shortage of top company executives will soon be able to cash in what they have coming.

    But no one stands to gain more than Tim Cook, who has portions of two restricted-stock-unit grants vesting in the first quarter of 2012. The Wall Street Journal said Thursday that those vesting interests will be worth approximately $100 million.

    Of course, that's not all Cook has to look forward to. The cool $100 million is separate from the one million share units Cook received in late 2011 when he officially replaced Steve Jobs as CEO.

    All told, it won't be a bad first quarter for Tim Cook, especially when you compare his anticipated loot to the executive with the second largest vesting stock payday on the list: Google Inc. Executive Chairman Eric Schmidt. The study shows that his two equity awards in the first quarter are valued at just $16.4 million.

    Source: WSJ
    This article was originally published in forum thread: Tim Cook's $100 Million Payday started by Michael Essany View original post
    Comments 12 Comments
    1. jwil736's Avatar
      jwil736 -
      Wow... I need to get a career at apple
    1. KraXik's Avatar
      KraXik -
      Never get why these guys work more than like a year. He will never be able to spend all his cash and his shares will keep paying him more than most for the rest of his life.

      Go retire on some massive boat with a load of women. Sorted.
    1. thixtythix's Avatar
      thixtythix -
      so hes not doing a jobs then and taking $1 salary then! how much is Cook actually worth now then ?
    1. louietsang's Avatar
      louietsang -
      jobs' 1$ salary meant nothing w/ all the shares in apple he actually held. and this 100 mil isn't even cook's salary...
    1. charliebee's Avatar
      charliebee -
      Quote Originally Posted by KraXik View Post
      Never get why these guys work more than like a year. He will never be able to spend all his cash and his shares will keep paying him more than most for the rest of his life.

      Go retire on some massive boat with a load of women. Sorted.
      Maybe because he likes his job?
    1. KraXik's Avatar
      KraXik -
      Quote Originally Posted by charliebee View Post
      Maybe because he likes his job?
      No job is better than partying 24/7. I'd probably end up dead by like 30 if I had unlimited cash. Live fast, die young.
    1. charliebee's Avatar
      charliebee -
      Quote Originally Posted by KraXik View Post
      No job is better than partying 24/7. I'd probably end up dead by like 30 if I had unlimited cash. Live fast, die young.
      Hehe well if you ever get to 30, you may realize that there's more to life than partying
    1. lauriellis13's Avatar
      lauriellis13 -
      Quote Originally Posted by jwil736 View Post
      Wow... I need to get a career at apple
      Sames! Tim watch this space!
    1. KraXik's Avatar
      KraXik -
      Quote Originally Posted by charliebee View Post
      Hehe well if you ever get to 30, you may realize that there's more to life than partying
      Ah touché!
    1. Alluziion's Avatar
      Alluziion -
      Not sure where you get your information from but Apple isn't the 'worlds most profitable company'; in fact, I believe it is roughly sixth. I think you mean most 'valuable company'?
    1. kuhndsn's Avatar
      kuhndsn -
      Quote Originally Posted by Alluziion View Post
      Not sure where you get your information from but Apple isn't the 'worlds most profitable company'; in fact, I believe it is roughly sixth. I think you mean most 'valuable company'?
      Yeah they are actually ranked 20th according to the latest report. Nestlé is on top. Still 20th isn't something to dismiss.

      GLOBAL 500
      Our annual ranking of the world's largest corporations


      Full List
      By Location
      CEOs
      Top Companies
      *

      Top companies: Most profitable
      Rank Company Global*500
      Rank 2011 Profits
      ($*millions)
      1 Nestlé 42 32,843.0 242.0
      2 Gazprom 35 31,894.5 29.9
      3 Exxon Mobil 3 30,460.0 58.0
      4 Industrial & Commercial Bank of China 77 24,398.2 29.6
      5 Royal Dutch Shell 2 20,127.0 60.8
      6 China Construction Bank 108 19,920.3 27.5
      7 AT&T 30 19,864.0 58.5
      8 Petrobras 34 19,184.0 23.7
      9 Chevron 10 19,024.0 81.5
      10 Microsoft 120 18,760.0 28.8
      11 Petronas 86 17,479.3 50.0
      12 J.P. Morgan Chase & Co. 36 17,370.0 48.1
      13 Vale 186 17,264.0 222.8
      14 Wal-Mart Stores 1 16,389.0 14.3
      15 Bank of China 132 15,425.5 30.0
      16 International Business Machines 52 14,833.0 10.5
      17 China National Petroleum 6 14,366.9 39.9
      18 Rio Tinto Group 140 14,324.0 194.0
      19 Agricultural Bank of China 127 14,015.4 47.3
      20 Apple 111 14,013.0 145.7
      21 Total 11 14,000.9 19.2
      22 Samsung Electronics 22 13,668.7 80.8
      23 Telefónica 78 13,465.8 24.6
      24 Johnson & Johnson 123 13,334.0 8.7
      25 HSBC Holdings 46 13,159.0 125.6
      26 Berkshire Hathaway 19 12,967.0 61.0
      27 Procter & Gamble 80 12,736.0 -5.2
      28 BHP Billiton 159 12,722.0 116.5
      29 Vodafone 92 12,389.3 -10.1
      30 Wells Fargo 63 12,362.0 0.7
      31 Coca-Cola 256 11,809.0 73.1
      32 General Electric 16 11,644.0 5.6
      33 Intel 195 11,464.0 162.4
      34 ConocoPhillips 12 11,358.0 133.8
      35 Banco Santander 51 10,835.3 -12.8
      36 Citigroup 39 10,602.0 --
      37 Rosneft Oil 179 10,400.0 59.7
      38 BNP Paribas 26 10,387.7 28.1
      39 Novartis 164 9,794.0 16.6
      40 China Mobile Communications 87 9,733.1 -16.5
      41 Volkswagen 13 9,052.7 578.4
      42 Lukoil 69 9,006.0 28.5
      43 Hewlett-Packard 28 8,761.0 14.4
      44 Google 325 8,505.0 30.4
      45 ENI 23 8,367.9 37.9
      46 Goldman Sachs Group 181 8,354.0 -37.6
      47 Roche Group 174 8,314.1 16.0
      48 Pfizer 103 8,257.0 -4.4
      49 AstraZeneca 281 8,053.0 7.1
      50 American International Group 44 7,786.0 --
    1. sziklassy's Avatar
      sziklassy -
      Quote Originally Posted by charliebee View Post
      Maybe because he likes his job?
      If he was working only because he likes his job, then he would do it for free. Millionaires work because they want more money. Enough is never enough when you are a millionaire. The same is true for most people, though. I can always buy nicer things as a get nicer raiser in my career. All of the sudden ten years pass and I am living much more lavishly than I was just a decade ago. Many "middle class" people could likely live a very modest life and retire at 40-50 if they wanted to. But more is always better.