900,017

Now thats Gangsta

John Paul Jones: Jobs (famously) made $1. dodged a farkload of taxes because no one called him on that shiat.

John Paul Jones: The headline is actually correct. Cook made 900,017 last year, Jobs (famously) made $1.

Jobs also had $2 billion in Apple stock.

/Jobs didn't sell a single share he was granted
//he did unceremoniously dump all the stock he received from Apple buying NeXT because he felt Apple was a dead company

ZAZ: Tim Cook earned $377M in compensation during 2011

If I didn't have a policy of not buying public stock at all, I would have a policy of not buying stock in companies that give out such huge awards.

They're making tens of billions in profit every year, and sitting on something like $100B. $337M seems like a lot to us, but as a one-off stock grant to the new CEO it's pretty much peanuts for them.

As long as the AAPL shares I picked up at $20ish and $70ish keep going up I'm fine with it.

GoodyearPimp: John Paul Jones: Jobs (famously) made $1. dodged a farkload of taxes because no one called him on that shiat.

Jobs made his money with Pixar and when Apple bought NeXT.
Running Apple was for spite.

2wolves: Bonds have a better return.

LOL WUT?

bravian: /Jobs didn't sell a single share he was granted
//he did unceremoniously dump all the stock he received from Apple buying NeXT because he felt Apple was a dead company

What did he get from dividends?

Ed Willy: bravian: /Jobs didn't sell a single share he was granted
//he did unceremoniously dump all the stock he received from Apple buying NeXT because he felt Apple was a dead company

What did he get from dividends?

A few cents a year? Apple killed off dividends when it started hemorrhaging money in the mid 90s. When he was thrown out of Apple - he sold all shares but 1 so he could continue getting the yearly report. He did the exact same thing when Apple bought NeXT. Unlike buddy Ellison or unbuddy Gates - Jobs never really seemed to care that much about personal wealth.

/Woz even less so

OBBN: bravian: Ed Willy: bravian: /Jobs didn't sell a single share he was granted
//he did unceremoniously dump all the stock he received from Apple buying NeXT because he felt Apple was a dead company

What did he get from dividends?

A few cents a year? Apple killed off dividends when it started hemorrhaging money in the mid 90s. When he was thrown out of Apple - he sold all shares but 1 so he could continue getting the yearly report. He did the exact same thing when Apple bought NeXT. Unlike buddy Ellison or unbuddy Gates - Jobs never really seemed to care that much about personal wealth.

/Woz even less so

Don't fool yourself into thinking that they didn't care about personal wealth. Granted, they might not care about being the richest one, but they certainly care about it. Do you think old Woz lives in a $130k house? How about Jobs? Did Jobs drive a Kia? Nope, they certainly loved the wealth and they were entitled to it. But the mistake you are making is that they put on the impression that they didn't care about wealth. It is easy to say you only will take a $1 a year compensation when you are already worth 1/2 Billion dollars. Something tells me that if either had a net worth of $50k the accumulation of wealth would factor more into their thinking.

Wow - bitter much? Jobs made his money and he was essentially set for life. But what did he do with it? He bought a small corner house and didn't have a security detail. He also overpaid for Pixar to help out his buddy Lucas and continued to pour money into the company long after anyone else would of shut it down. He talked about buying a boat and then didn't. And that was about it.

And Woz? Put on a fark'n rock concert he lost massive amounts of money on. And then really didn't do anything else for the last 25 years but give awkward interviews.

Now look at Bill Gates, Larry Ellison, and even Larry Page. Bought huge houses, planes, and big fark'n boats. And they all love issuing press releases when they do.

To say that Jobs and others didn't fundamentally view money differently flies in the face of reality. But Jobs haters don't live in reality so I don't blame you.

/wrote my high school report on Jobs in 1990
//he was an asshole then and he was an asshole when he died

ZAZ: sariq

I can't make money off the stock market -- I'd be better off with cash in a mattress -- and to play the game you have to go through people whose job is stealing from and defrauding the public.

You could just invest in an index fund and easily beat the mattress in the long run. Of course the second part of your statement proves you are not financially literate enough to understand what I just wrote.

meanwhile the manufacture employees are commiting suicide over working conditions.

GoodyearPimp: John Paul Jones: Jobs (famously) made $1. dodged a farkload of taxes because no one called him on that shiat.

Not necessarily. (new window)

How Are Restricted Stock and RSUs Taxed?
Restricted stock and RSUs are taxed differently than other kinds of stock options, such as statutory or nonstatutory employee stock purchase plans (ESPPs). Those plans generally have tax consequences at the date of exercise or sale, whereas restricted stock usually becomes taxable upon the completion of the vesting schedule. Restricted stock plans are not eligible for capital gains treatment, and the entire amount of the vested stock must be counted as ordinary income in the year of vesting. (To learn more, check out Getting The Most Out of Employee Stock Options.)

The amount that must be declared is determined by subtracting the original purchase or exercise price of the stock (which may be zero) from the fair market value of the stock as of the date that the stock becomes fully vested. The difference must be reported by the shareholder as ordinary income. However, if the shareholder does not sell the stock at vesting and sells it at a later time, any difference between the sale price and the fair market value on the date of vesting is reported as a capital gain or loss.

Jobs only made $1 a year and should be hailed as a hero. I mean he did die a pauper, right? I mean its not like that $1 a year salary could possibly be a tax dodge/puplicity stunt...

John Paul Jones: The headline is actually correct. Cook made 900,017 last year, Jobs (famously) made $1.

Jobs died before the year was out, so I doubt he earned the full $1.

SN1987a goes boom: Jobs only made $1 a year and should be hailed as a hero. I mean he did die a pauper, right? I mean its not like that $1 a year salary could possibly be a tax dodge/puplicity stunt...

No, he is a hero for all the jobs he sent overseas to places that have terrible working conditions while convincing hipsters to love him and his products.

bravian:
Now look at Bill Gates, Larry Ellison, and even Larry Page. Bought huge houses, planes, and big fark'n boats. And they all love issuing press releases

do you have any links to any of the press releases that any of those people put out when they bought a new house, plane or boats?

Or are you lying?

From the Marketwatch article: (new window)

The company disclosed that in fiscal 2011, it granted Cook $376 million in restricted stock and almost $15,000 in 401(k) retirement plan matching, in addition to his base salary of $900,000 and another $900,000 in a performance bonus. The grand total: nearly $378 million.

WTF?

Well, remember that when you buy overpriced crap from Apple the next time

lucksi: Well, remember that when you buy overpriced crap from Apple the next time

Yeah, I'll buy all my electronics from companies that pay their executives middle class wages.

Guess I'm going Amish.

sforce: From the Marketwatch article: (new window)

The company disclosed that in fiscal 2011, it granted Cook $376 million in restricted stock and almost $15,000 in 401(k) retirement plan matching, in addition to his base salary of $900,000 and another $900,000 in a performance bonus. The grand total: nearly $378 million.

WTF?

I may be wrong, but isn't $15k the max you can contribute in a year?

Land Ark: sforce: From the Marketwatch article: (new window)

The company disclosed that in fiscal 2011, it granted Cook $376 million in restricted stock and almost $15,000 in 401(k) retirement plan matching, in addition to his base salary of $900,000 and another $900,000 in a performance bonus. The grand total: nearly $378 million.

WTF?

I may be wrong, but isn't $15k the max you can contribute in a year?

Must be a dollar for dollar match. Nice!

Land Ark: sforce: From the Marketwatch article: (new window)

The company disclosed that in fiscal 2011, it granted Cook $376 million in restricted stock and almost $15,000 in 401(k) retirement plan matching, in addition to his base salary of $900,000 and another $900,000 in a performance bonus. The grand total: nearly $378 million.

WTF?

I may be wrong, but isn't $15k the max you can contribute in a year?

I don't know. I don't know much about 401k's .. but I just thought it odd that someone with $376 million in stock(plus whatever he already has) had any need for a retirement account like a 401k.

sforce: Land Ark: sforce: From the Marketwatch article: (new window)

The company disclosed that in fiscal 2011, it granted Cook $376 million in restricted stock and almost $15,000 in 401(k) retirement plan matching, in addition to his base salary of $900,000 and another $900,000 in a performance bonus. The grand total: nearly $378 million.

WTF?

I may be wrong, but isn't $15k the max you can contribute in a year?

I don't know. I don't know much about 401k's .. but I just thought it odd that someone with $376 million in stock(plus whatever he already has) had any need for a retirement account like a 401k.

It also works for tax reasons. I am not sure how much difference $15k makes on a $900k+ salary tax liability, but I guess he uses whatever is available.

Funded in part by stupid people who must have iPods even if they can get mp3 players with the same capacity at a lower price.

John Paul Jones: The headline is actually correct. Cook made 900,017 last year, Jobs (famously) made $1.

Of course. Jobs' wealth didn't come from salary, it came from his ownership stake in the company.

SN1987a goes boom: Jobs only made $1 a year and should be hailed as a hero. I mean he did die a pauper, right? I mean its not like that $1 a year salary could possibly be a tax dodge/puplicity stunt...

Hehe good point. I mean, it's not like a CEO pulling in millions in salary and benefits per year whether or not a company succeeds is different than a CEO only making money if the company makes money and losing money if the company loses money. Those two are exactly the same, that's why Jobs is a douche tax dodger.

I often wonder what it would be like to work for a company that doesn't do everything possible to avoid profits.

The big excitement where I work is when we lose less than the previous quarter.

tenpoundsofcheese: SN1987a goes boom: Jobs only made $1 a year and should be hailed as a hero. I mean he did die a pauper, right? I mean its not like that $1 a year salary could possibly be a tax dodge/puplicity stunt...

No, he is a hero for all the jobs he sent overseas to places that have terrible working conditions while convincing hipsters to love him and his products.

It was quite a feat.

/Impressed -
//I think it's funny how much the Gates foundation has done to help humanity and people hate Bill. Steve, on the other hand, didn't give to charity, and people loved him.