I'm sorry, but the comments on here stating "$58m is more than enough to retire upon" are naive when talking about the CEO of one of the largest (market cap) corporations in the world.
Is it a lot overall? Yes. Is it comparable to the same position in similar companies? Probably, I haven't done the comparison. I know a lot of banking CEOs have been making much more for nearly wrecking the economy.
I generally think the C-class officers to average employee salary is way out of whack. But, I think, given the job Tim Cook has been doing and the contribution to the valley and economy that has resulted due to Apple's success, I feel is is more than merited this generous plan.
If Apple were bleeding or just average? That would be one thing, they have been running on all cylinders and Tim Cook has been instrumental in that.
Is it a lot overall? Yes. Is it comparable to the same position in similar companies? Probably, I haven't done the comparison. I know a lot of banking CEOs have been making much more for nearly wrecking the economy.
I generally think the C-class officers to average employee salary is way out of whack. But, I think, given the job Tim Cook has been doing and the contribution to the valley and economy that has resulted due to Apple's success, I feel is is more than merited this generous plan.
If Apple were bleeding or just average? That would be one thing, they have been running on all cylinders and Tim Cook has been instrumental in that.