Steve Jobs' Salary Was $1, But What About Tim Cook?

So my official salary is higher than Steve Jobs? Awesome!

I will use thsi as a pick-up line:

"My salary is higher than Steve Jobs, are you free tomorrow at 8?"

$59 million last year? Isn't that a hell lot of money to earn?

I'm no math wiz here but I'm guessing $800,017.

Looks to me like Mr. Cook chose the right line of work. He's not making this money off of taxes, but off of a valuable and highly sought after product. Kudos to him and all of his high salaried staff.

I find it interesting that no one has mentioned Jony. He is the actual "brain" behind the last Apple hits, iPhone, iPad and Air. Steve made sure that Jony's design was perfect but, who will work with him now? Tim is a numbers and operations guy, who will be the visionary?

He's not starving!?! What an insensitive thing to say about a man whose disease inhibits his body from absorbing nutrition and who, in fact, IS starving...to death. Why not ask someone with some common sense to proofread your comments before posting them publicly? Thank you.

I don't think it matters what he gets paid. CEO's of big companies tend to get insanely large bonuses and other compensation pay, that nearly always dwarf their actual pay.

Jony la gente está muy loca

I'm no psychic either, but I'm guessing his future salary as CEO will be more than that.

Bet u as a CEO $1 too.... plus all the rest kept in place...

Yes, it obviously is, but you have to keep in mind how well Apple is doing, financially. The stock has done very well over the past few years and, as high-priced as it is, has room to go up further thanks to the company essentially dominating the tablet/smartphone market, along with Google. So, investors are reaping the benefits of Jobs'/Cook's assured stewardship of the company over the past decade. The mobile area is the future of computing, and Apple looks set to have a lion's share of the revenue, barring some catastrophic screw-up.

CEO compensation ideally should reflect the fiscal performance of the company which the CEO runs. To be sure, there are many CEO's earning salaries that are far out of proportion to their company's level of success, but Cook is not one of them.

At $1, he paid FICA of 8 cents (rounded). This is why ALL sources of income should be used in the FICA calculation, not just wages.

now i get why he want that salary

I wonder how much the workers make.

The ones in China also make $1.

So... I hear we're in a recession again. Why are these CEO's being paid this much?

So that's why Apple products cost so much..

So Jobs gets $1 a year and 5.5 million Apple shares.
Cook gets $52.33 million a year and lots of market shares.
(Bonuses not counted)

What the hell is up with Apple's money distribution!?

It doesn't matter. If the company is willing to pay him that much then it's their business. If the stockholders complain then they can voice their concerns with them. Right now everybody within Apple is making money until we as consumers stop buying their products which isn't likely to happen anytime soon unless they royally screwed things up.

So they can afford to give 5 million dollar bonuses (I realize this isn't just Apple), but they can't afford to use labor in the same country they're living and selling in because it's "too costly"?

I'm not saying he shouldn't get a bonus, or that it shouldn't be fairly large given their success, but 5 million is enough for someone to live their entire life on. These corporations really need to let some of their wealth trickle down to their work force. More money trickling down is more money that people can spend on luxuries, which is more money that the business makes in the end. If the CEOs keep all the wealth for themselves, eventually the people who they expect to buy their products aren't even going to have enough money to buy them, their sales suffer, and the company fails. These guys just see dollar signs and figures and pat themselves on the back every time sales go up, even if it has nothing to do with them. Too bad that 5 million will become nothing but toilet paper when the currency devalues.

Considering how well Mr. Cook is doing I think he could share some of his largess with those poor slave wagers in China making the "crApple" iJunk at Foxconn.

Yes they can give out $5,000,000 bonuses and not be able to move manufacturing operations to the US. Yes they can pay the man who overseas day to day operations of the most valuable company in the world $60,000,000 in compensation but not move out of China.

Because this is not a fairy land, and the very idea that they can cut their COO's very well earned salary to shift manufacturing locations is retarded.

You guys need to stop reading the socialist propaganda and pick up a math book so you can understand how corporate finances work and how you can give an executive 5 mil, and yet not be able to spend an extra billion on manufacturing.

There's this thing called "value", it's a measure of the contribution you make to the company's profits. They can afford to pay someone $5 million because his contribution results in an additional $500 million or $5 billion in revenues. On the other hand those workers in foreign countries do nothing to contribute to increased company revenues, they just maintain systems someone else created.

Well its nice to know that Jobs kept himself on the same salary level as his Chinese workers..what a great guy

"Well its nice to know that Jobs kept himself on the same salary level as his Chinese workers..what a great guy"

"don't worry, Mr Jobs has approximately 5.5 million Apple shares, he's not starving"

Capital gains tax is 15%, income tax at 5.5 mil is 35% + state/local... Hes not a great guy, is tax evading.

With that said, CEOS of major corps deserve large salaries due to responsibility and the fact that they are in charge of employing many people.

Let's hope that this company will come to its senses,because it's gonna be costing them more every time some one new takes over this position when needed.

Again? When were we ever effectively out of one?

But that aside, just because the overall economy, Apple is very successful. Are you saying that those who do well in a down economy shouldn't get paid?

Honestly, we all worry way to much what others are being paid. If we worried about ourselves more and improving our own value to the workforce, we would be in a lot better condition.

You made a serious charge. Please show where he is guilty of tax evasion. He is being taxed properly and under the right tax code. If you make it illegal to engage in capital activities, you'll see how much faster our economy goes downhill.

What do you mean, "Come to its senses"? It doesn't sound like they are doing anything nonsensical.

Cook's base pay was $800K. The $50 million+ was on stock value. As long as the company does well, he gets that. If it doesn't, he doesn't. $800k is not a lot for base pay of a major company, especially one that just passed Exxon Mobile as the most valuable company around.

Except capital gains is not income. And you can not put those other types of taxes onto capital gains.

The fact is a lot of economies that are doing well, like Canada, are getting rid of their capital gains taxes all together. We should be looking to do the same, as well as lowering corporate tax rates while getting rid of the loopholes.

By lowering the corporate tax rate we help small businesses and by getting rid of the loopholes, big companies like GE who currently pay effectively nothing on corporate taxes start paying. Not to mention lowering it will encourage more business to come into the country.

Steve Jobs received 5.5 million shares in 1997.

He has received no other compensation from Apple after 1997. No bonuses, no salary.

He effectively made $24 from 1997 to 2011 by working at Apple.

Accusing him of tax evasion just shows how ignorant these Apple haters are.