Running Apple a plum job as CEO pulls down $377M comp

FEB 29, 2012
Those iClouds are just raining down cash, well stock options anyway. I was just feeling a little bit SNL'ish after I saw Techmeme's tweet of Jay Yarrow's story over at Business Insider. (For the record SNL'ish refers to the strong and erroneous mental connection between a name or word and the desire for a related skit on Saturdday Night Live --- in this case the name Tim {hey maybe this coming weekend guys?} Alas TimCo is not the football player (Tim Tebow); no I'm talking about the QB of Apple Inc. chief executive Timothy Cook. Mr. Yarrow wrote a piece on his compensation after getting a gander at Apple's SEC filing (check out page 30). Whewww! Mr. Cook will have received just shy of $378 million in total compensation from the company for 2011. That is based on a paltry salary of just $900,000 but add to that a mighty helping of $376 million in stock. Wow, that reflects some serious “i” sales does it not (iPads, iPhones, iPods, iTunes, iClouds)? Like I said way to go TimCo! (Okay Lorne Michaels you have all week to work something up, you are welcome).

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management