Apple’s 2013 performance relative to the S&P 500 costs Tim Cook $4M in stock

But the CEO still has nearly $40M in stock and made 2% more overall than in 2012.

Read the whole story

 

[beebee]

You people are soooo out of the loop. Jobs did two scams. One was backdating stock. The other was making false statements about his health to keep the stock price up.

http://www.nbcnews.com/id/16373057/

http://www.bloomberg.com/apps/news?pid= ... TeJr..Zsx4

Jobs scams make Cook look like a noob.

 

[beebee]

"Unlike ISOs, nonqualified stock options can be granted at a discount to the stock's market value. They also are transferable to children and charity, provided your employer permits it."

http://money.cnn.com/magazines/moneymag ... /lesson10/

I'd be shocked if most Ars readers aren't getting options, but figured I provide the link showing they are discounted. In fact the discount is considered deferred income now. So don't weep for CEOs with options on poorly performing stock.

I'm not sure about the current laws, but in the past, you can trade in your underwater options for new options at a lower price IF you reset the clock. I think those can't be discounted.

 

[beebee]

Abhi Beckert[/url]":2457wu4m]

chris0101[/url]":2457wu4m]That and compensation is excessive. I'm of the opinion that executive compensation should not exceed 40 to 50 times that of the lowest paid worker in a company including every bonus, perk, etc.

You have to pay your executives at least as much as they could earn working for your competitors, otherwise all the best executives will work for the competition, and you'll be crushed.

Elop? Or was the plan to destroy Nokia to make it cheaper for MD to buy.

Look at the series of asshats that have run HP? How valuable were these clowns?

 

[beebee]

Lonyo[/url]":297xfg1d]

Smack[/url]":297xfg1d]Apple also paid out $11.80 per share in dividend in 2013, so his 72,877 shares netted him another $860,000. The dividend would have been very nice if he stuck with the shares he was originally granted.

He didn't get anything from the options.
They are options to buy stock at a discount or get it free when the vesting period expires. He doesn't own them until they vest, and hence he didn't get any dividend from them.

Except the dividends prop up the stock price. So he benefited by keep Apple stock out of the $300 range.

 

[beebee]

"Icahn's plan centres on the notion that there is nothing the company could invest in that would provide a greater return to shareholders over the long run than simply giving them a one-time dividend and reducing the number of the company's shares."

Icahn's request for an additional $50 billion turned down. Man he must have really got burnt on Apple stock. Not that he can't afford to get screwed by Apple.

 

[beebee]

Mitlov[/url]":2awceqrv]

BlackHex[/url]":2awceqrv]This could easily be an area of regulation. Max bonus = 25 times lowest wage in the company. It would either drive bonuses down or the lowest wages up... either of which is ok when talking at this level.

Or it would drive large businesses overseas by preventing them from being able to compete for the Alan Mullaly-types and the Steve Jobs-types so long as they are US-based.

Yes, put your high tech company in Somalia. Paying taxes optional. Of course security can be expensive.

One place I worked set up in the PI. Communist rebels stole the factory test gear. They had to hire mercenaries to get it back. However the VP who put the facility there enjoyed the whore houses.

People set up in the US because of security and a functional legal system. And a somewhat educated worker base.