To: Kirk © who wrote (53451 ) 8/27/2011 9:14:42 PM From: Donald Wennerstrom 2 Recommendations Read Replies (1) | Respond to Kirk, You wrote the post to me complaining about the compensation deal for Tim Cook. I have been searching for a way to answer you that will offend the least amount of people. Compensation is, and always has been, and always will be, a touchy subject that tends to get people upset, because for the most part people feel that top executives are paid way to much in stock, bonuses and salary. My personal opinion is that many are overpaid, but I don't want to cover the waterfront here because there are literally hundreds of thousands of different situations, and each one would have a different solution. 1 million shares of company stock worth a whopping $384 million that vests over 10 years." I checked with Yahoo today and AAPL's market cap is listed at 355B. So lets round Tim's compensation off 355M which is 0.1 percent of the market cap. That means that if you presently own 1,000,000 dollars of AAPL stock, you will be paying him 100 dollars a year for 10 years to manage the company. If he is up to the job, that is a very small price to pay. Of course who knows if he is up to the job? If you own the stock you certainly hope so, or your 1M dollars of stock will take a hit of unknown value. en.wikipedia.org He regularly begins sending emails at 4:30 am and used to hold Sunday night staff meetings by telephone to prepare for the next week .>>
