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Forum Post: For all you apple users what do you think about this?

Posted 2 years ago on Jan. 10, 2012, 10:30 a.m. EST by SteveKJR (-497)
This content is user submitted and not an official statement

Apple CEO Tim Cook gets $380 million pay package for 2011

Here's the link:

http://economictimes.indiatimes.com/news/international-business/apple-ceo-tim-cook-gets-380-million-pay-package-for-2011/articleshow/11435652.cms

You should be outraged and stop using Apple products.

59 Comments

59 Comments


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[-] 2 points by TimMcGraw (50) 2 years ago

You won't find outrage here. Too many apple users. :)

[-] 0 points by SteveKJR (-497) 2 years ago

You're right about that - look at all the "user friendly" posts here glorifying the fact that he can make millions as a "bonus" but yet they condem others across the country for doing the same.

Oh and they have a "justafyable" answer for their decision. I can see what these folks are all about and where they are coming from.

It just takes "time" to flush out the "truthers".

[-] 1 points by debndan (1145) 2 years ago

plenty of people here have decried the fact that we shouldn't trade with countries that denies freedoms to it's people( China is prime example)

Apples Ceo's earnings isn't the problem, his company abusing our fellow humans IS, and then the fact he will pay an historic low amount of tax on that earnings is also bullshit

These CEO's are repeatedly recorded on camera espousing the VIRTUES of the communist system, then pay for trolls to call OWS a bunch of leftists

Here's a republican gov and Donald trump PRAISING china

http://www.youtube.com/watch?v=5zT6mxDmQ-0&feature=related

And here's Jack (call me red) Welch http://www.youtube.com/watch?

v=m--PM1OSL7U http://www.youtube.com/watch?v=tuupNpSh_3E

Turns out CEO's and the GOP Love communism, welch was salavating, and FREEDOM?? not so much

[-] 1 points by fabianmockian (225) 2 years ago

Why should they be outraged? Apple makes good products which is unlike the CEO you are mistakenly comparing Apple to. OWS isn't opposed to people getting rich from hard work and great products or service, but it is against CEOs getting big bonuses to gamble with other people's money, only to be bailed out when the gambles fail. There's a distinct difference Steve.

[-] 0 points by SteveKJR (-497) 2 years ago

So, Apple using cheap labor making products in China make it ok for the Apple CEO's. But yet, when other companies that do the same are "evil" and are taking away jobs from here. OK.

Go ahead and justify that?

[-] 1 points by fabianmockian (225) 2 years ago

You're right. I am outraged.

[-] 1 points by BystanderDC (91) 2 years ago

Funny I posted something about the Foxconn worker conditions and how the workers were protesting, but nobody else in OWS seems to care. I smell hypocrisy.

See the lack of discussion: http://occupywallst.org/forum/all-of-you-who-own-iphones-should-be-ashamed/

[-] 1 points by debndan (1145) 2 years ago

plenty of people here have decried the fact that we shouldn't trade with countries that denies freedoms to it's people( China is prime example)

Apples Ceo's earnings isn't the problem, his company abusing our fellow humans IS, and then the fact he will pay an historic low amount of tax on that earnings is also bullshit

These CEO's are repeatedly recorded on camera espousing the VIRTUES of the communist system, then pay for trolls to call OWS a bunch of leftists

Here's a republican gov and Donald trump PRAISING china http://www.youtube.com/watch?v=5zT6mxDmQ-0&feature=related

And here's Jack (call me red) Welch http://www.youtube.com/watch?v=m--PM1OSL7U http://www.youtube.com/watch?v=tuupNpSh_3E

Turns out CEO's and GOP Love communism, welch was salavating,

and FREEDOM?? not so much

[-] 1 points by SteveKJR (-497) 2 years ago

Well, where is the outrage?

[-] 3 points by beautifulworld (20414) 2 years ago

I was outraged long ago when I heard that Apple has more money in the bank than the U.S. treasury. Capitalism doesn't work fairly when one side lacks knowledge when making transactions. The American people have overpaid for their Apple products without even realizing it.

[-] -1 points by Thrasymaque (-2138) 2 years ago

Iv'e used Apple products for the last 15 years and I always felt that I got what I paid for. Iv'e also been able to sell many of my Apple products at a wonderful resale value. It's been all great for me.

[-] 3 points by beautifulworld (20414) 2 years ago

That doesn't justify the high prices. The American people buy products without even questioning anything about where they are made, how they are made, whether they need the product, etc. etc.

[-] 1 points by TechJunkie (3029) from Miami Beach, FL 2 years ago

Apple makes products that nobody ever made before, at any price. They take the impossible and they make it affordable. You're carrying a smart phone that doesn't have a hard drive in it because Apple bet on flash storage with the iPod Nano when it was really expensive. They picked a price point that the market could handle, and that dictated how much memory the first iPod Nanos could have. Then the next year, after their investments the previous year had driven down the price, the iPod Nano could have even more storage. Now I've got Macs with flash-based storage and no hard drives, because solid-state storage has become so cheap, because they drove the price down. They didn't just charge a lot because they could. They were INTENTIONALLY trying to drive down the price of flash memory. Now that price is so low that you're carrying a smart phone with gigabytes of storage capacity, EVEN IF YOU DON'T USE AN iPHONE. Because of Apple's work to drive prices DOWN. For you. Even if you're not their customer. Enjoy.

[-] 3 points by beautifulworld (20414) 2 years ago

No. I'm not carrying an IPhone. It's okay, pretty much the majority of Americans lionize Apple and Steve Jobs. I don't. I never will.

[-] 1 points by TechJunkie (3029) from Miami Beach, FL 2 years ago

My point was that regardless of whether you're carrying an iPhone, the phone that you ARE carrying has huge amounts of really cheap solid-state storage because Apple's mission was to make it cheaper. They profit from that, so it's a win-win.

[-] 3 points by beautifulworld (20414) 2 years ago

Nope. Not mine. I have a really old phone. But, it's okay, like I said, I get your point.

[-] -1 points by Thrasymaque (-2138) 2 years ago

The high prices are justified by the fact that people buy their products. They're one of the top brands at the beginning of this new millennia. I don't have a problem with capitalism. I believe in offer and demand. They have competition. It's a healthy market. If they can sell high, they should go ahead. But, honestly, I don't think Apple products are very high priced. You do get what you pay for.

[-] 3 points by beautifulworld (20414) 2 years ago

I don't think it is healthy for any economy to have corporations running away with those kinds of profits. Surely, had the American people woken up from their consumerist frenzy they would have held back a bit and prices would have dropped and Apple would have been just as happy with half the profit. And, the American people might have some money in their pockets. I don't really blame Apple here. I blame the American people.

[-] 1 points by Thrasymaque (-2138) 2 years ago

I'm happy my money is not stored in my pockets and that I used it to buy my Mac. It serves me very well ever day. That's why I was willing to spend some money to buy it. What's the purpose of having money inside some pockets?

[-] 2 points by beautifulworld (20414) 2 years ago

I'll agree with you there. I'm not big into money. So, then, why does Apple have to have so much of it?

[-] 1 points by April (3196) 2 years ago

Tax loopholes.

[-] 1 points by Thrasymaque (-2138) 2 years ago

Like I said, I don't think their products are particularly expensive. It's a simple question of offer and demand. They have a product and fix a price. If people aren't buying, they lower the price. If they are buying in droves, they higher it. I have no problem with that. I think it's healthy. I never felt I paid too much for my Apple computers.

[-] 3 points by beautifulworld (20414) 2 years ago

That's fine. Steve Jobs is the new Jesus Christ, what can I say?

[-] 1 points by Thrasymaque (-2138) 2 years ago

I don't care about Steve Jobs. The only thing I care about is the computer. It could be made by Kmart and that would be fine. However, at the moment, I can't find a computer I would prefer working with on a daily basis. I love everything about my computer, from the touch of the keyboard to the Unix underpinnings. It does everything I need to do while always feeling great and being fun to use. the trackpad on the MacBook Pro feels awesome.

[-] 2 points by beautifulworld (20414) 2 years ago

It's good you like it. You paid enough for it!

[-] 1 points by Thrasymaque (-2138) 2 years ago

Worth every dime. I wouldn't exchange it for any other machine. Especially not my friend's Acer which ended up costing him a whole lot more money than my Mac. We use our machines every day for work, but how many times did his computer get caught up with a virus and he had to reboot? How many hours did he waste trying to fix his box? I can't even remember. Let's just say that I didn't miss a single work day this year and that did more than pay back the extra cost at the onset of purchase. Plus, it's so much more fun to use.

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[-] 0 points by Apercentage (81) 2 years ago

Why the hell should anyone be outraged? Are you people aware of how much Apple is worth? Second only in the world to Exxon as far as value. There stock price has been on a bull run since Jobs took back over when Apple bought next computers and its not predicted to stop anytime soon.

Apple is sitting on 40 bilion plus dollars in cash. They are the leading innovator in phones, music players, operating systems, the digital music world, and they are soon to enter the actual tv market.

There is no reason they shouldn't pay Tim Cook this amount of money and stock. His job at apple is one of the highest responsibility wise in the corporate world, and his decisions will shape the companies', as well as the tech industries future. His compensation is a drop in the bucket compared to the money apple, and its shareholders will make under his control.

Heck, i'd even pay him more.

[-] 0 points by SteveKJR (-497) 2 years ago

I guess you wouldn't consider this greed becaue it's Apple Profits up by 125 Percent.

Apple Reports Third Quarter Results All-Time Record Revenue and Earnings

iPhone Sales Grow 142 Percent; iPad Sales Grow 183 Percent

CUPERTINO, California—July 19, 2011—Apple® today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

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[-] 0 points by SteveKJR (-497) 2 years ago

Wow, this is amazing. I would have though there would have been outrage just like there is outrage when other CEO's make big bucks.

But I guess it doesn't matter as long as "he earned it". Yes, he earned it just like the resto of the Wall Street Execs - None of you, who think it's ok for him to make big bucks, have yet to provide proof that people working on wall steet didn't earn their money.

You can be sure that Tim Cook also invests in the stock market and he also only pays 15% on his investments. Don't give me the crap that he didn't pay taxes on that money before he invested it because anyone who is in business and makes a profit first has to pay taxes.

Boy you people really change you mind in a hurry when you like a and use a product. You would be a "hypocrite" if you did condem him for that reason alone. You people really amaze me with talking out both sides of your mouths.

What's good for one is good for all. You even said that "being rich is "evil"". You really proved where you stand by your comments here thats' for sure.

[-] 1 points by fabianmockian (225) 2 years ago

But we do have proof that they didn't earn it in the horrific collapse that has affected our country and the world. Seriously, pick a good stock Steve and watch how it fluctuates on absolutely no news at all. Whether the news is good, bad or indifferent, the markets move in an unnatural manner. How can you say they earned the money when so many pensions were erased or severely diminished, while these individuals made millions in commissions and bonuses. I take it you don't have a managed 401K, or a missing pension because you wouldn't be making a comparison between a company that sells millions of innovative products to companies that meet their quarterly revenue estimates by laying people off.

[-] 0 points by SteveKJR (-497) 2 years ago

Well, the cry out of the OWS is the big corporations paying big bucks to CEO's. Why should this be any different?

Apple as other large companies that do business out of country use cheap labor to make their products. So, why is this Apple CEO any different then others who are making millions off the backs of "salve labour" as a lot of the OWS claim?

[-] 1 points by fabianmockian (225) 2 years ago

I did think of the outsourcing when I heard a story about how fights are breaking out at Apple stores in China. Doesn't this sound like America, when people were getting trampled to death at Walmarts or Target or some other giant retail store. Perhaps, this should be considered an example of American consumerism that we should be ashamed of. Another example would be policing the world and trying to force democracy on other countries (which is ironic, by the way) and allowing corporations to put their profits above the people of the corporation's nation of origin. Hopefully Americans have learned what buying cheaper products made in other countries does to this country. Steve was it you who was talking up the virtues of the Chinese economy? If not, ignore this. If it was you than don't you think your previous response is both hypocritical and counter-intuitive to those earlier posts. I for one never agreed that the Global economy was good for this country. Allowing imports from other countries to come into America without taxing them enough to keep American corporations competitive forced U.S. corps. to outsource. Imagine a trade agreement that didn't undercut U.S. companies for the past couple of decades. Imagine if imports cost the same as products made in the U.S.A.. Wouldn't this force American manufacturers to make better products, increasing competition while eliminating the need and negating the desire to outsource jobs?

[-] 0 points by JPB950 (2254) 2 years ago

Most of it is in stock, apparently to motivate him. It will only be worth that much if Apple continues to be successful. What difference does his compensation make to us? You are certainly free to disapprove and give your toy money to someone else.

[-] -1 points by Odin (583) 2 years ago

I am not bothered or jealous about someone who is more intelligent, innovative, or entrepenurial than me making the big bucks, especially when they work for a successful corp. like Apple. Unlike Wall St. where they speculate with our money in a rigged corrupt system, these corps. produce products that people want. I do think that executive pay in these corporations is way out of line though. About thirty years ago, the average CEO made something like 40 times what the average worker made. Now it is approximately 350 times. That is true even in companies that are not doing well. All this while good jobs are being shipped overseas. That is a problem to me, but even more of a problem for our youth.

[-] -1 points by Thrasymaque (-2138) 2 years ago

It doesn't bother me if some people make a whole lot of money. What's important is that everybody has enough, not that everybody earns the same. I have enough. I'm happy. I'm not jealous if someone makes $380 million a year. If Apple feels he's worth it, then that's OK by me. They are paying, not I. Personally, I would not like to earn that much money. Too many problems.

sent via a 13" MacBook Pro (my favorite computer so far)

[-] -1 points by XenuLives (1645) from Charlotte, NC 2 years ago

Apple didn't take any bailout dollars.

Apple didn't foreclose on anyone.

Apple DOES employ a lot of Chinese/FoxxConn labor. I am not a fan of that at all. I would rather pay 20% more than the already trumped up prices for Apple products that are Made in America.

[-] 0 points by SteveKJR (-497) 2 years ago

You sure are "American" aren't you would rather buy chinese made products, then put people to work by buying American made products.

Now I can see where you are as a "OWS.

[-] 0 points by XenuLives (1645) from Charlotte, NC 2 years ago

Huh?!? I said that I would pay more for the same product if it is made in America instead of overseas.

[-] 0 points by smartcapitalist (143) 2 years ago

You would have to pay 300% more to buy American. American wages are 3 times as high as Chinese my friend. Get real

[-] 0 points by SteveKJR (-497) 2 years ago

Is that the main reason why wages in this country are on the decline - because people would rather buy cheap chinese made products rather then invest in "American made products" because they are too expensive.

I guess being able to buy cheap chinese made disposable junk every week rather then buying quality made American items once a month is the way to go.

Don't let me hear you complain about "not having a job" or complaining about the people working on Wall Street being "Rich and Evil".

You have no right to because you have no vested interest in this country.

[-] 1 points by Rico (3027) 2 years ago

Exactly. Many are on board with telling someone else to "give their fair share," but they don't want to spend their cash to help their fellow 99%'ers by purchasing their products. Few are really looking to help their fellow man, most are just pissed because they aren't getting their "fair share." To give sucks, to receive is my right.

[-] 0 points by smartcapitalist (143) 2 years ago

Firstly, lets do away with the notion that Chinese products are junk. If you pay $50 for a phone, it's can't be anything other than junk. But an iPhone is not junk. Besides, most of the manufacturing techniques we use today to maintain quality like TPS, JIT etc are all Japanese ideas. So lets not get on our high American horses yet.

I don't complain about Wall St, you would never see me doing that. And neither do I think that the rich are evil.

[-] 0 points by SteveKJR (-497) 2 years ago

Products made in china are junk - Fedders went out of business because all their air conditioning equipment was made in china.

Toys made there were contaminated with lead - the list goes on and on. We don't know how many products coming from there are "contaminated" and not built to our specifications because there are so many products imported into this country.

The only time it is reported is if 3 or 4 hundred people are affected by it.

The chinese government does this with any company willing to bring manufacturing into their country.

[-] 0 points by smartcapitalist (143) 2 years ago

Then dont buy chinese. But I will. Take the Lenovo thinkpad for instance. Awesome stuff

[-] 0 points by SteveKJR (-497) 2 years ago

I don't unless I have no other choice.

[-] -1 points by XenuLives (1645) from Charlotte, NC 2 years ago

Apple products are already marked up 200% over the Windows-toting competition. They're going to charge the highest amount that consumers are willing to pay for the items. That price is high in spite of the obscenely low labor cost that is incurred for each unit.

No, it won't cost you 300% more to buy American. That is a load of bull that you heard from somewhere. Look at this site for example. I have seen plenty of jeans at Abercrombie and the department stores that are near or above these prices for jeans:

http://madeinusaforever.com/jeans.html

[-] 0 points by smartcapitalist (143) 2 years ago

It cost Apple around $190 to make an iPhone (3GS) minus the R&D cost which in case of Apple would be pretty high and will have to be amortized in a period of 1 to 3 years max. So they obviously aren't marked up 200%. Overall, Apple has a 60% margin on all products combined which is the best in the business. Good for them.

And yes, it won't cost you 300% more. I was grossly wrong. The labor cost would be 300% but direct labor is just 2% or so of the overall cost of the hardware. But this cost does not include a few other costs, if they set up their manufacturing plants in US, the cost of real estate would be far higher, they also also have to hire managers for the plant which would add up to the cost, not to mention import a lot of raw materials from Asian countries, particularly China. That would add up to the overall cost, may be drive up the cost by say another $60 -$100 (very rough estimate).

[-] 0 points by SteveKJR (-497) 2 years ago

Where are you getting your facts from? It does not cost them $190.00 to make an iPHone. If it's made in china it probably costs them about $25.00 plus shipping.

Get real if you disagree - provide facts. I know for a fact that making plastic products are relatively inexpensive and once a electronic design is finalized the cost goes down dramatically.

Why do you think there is a "glut" of cellphones and iPods at the pawn shops. Because they are cheap and disposable so that people like you can go out and buy the next greatest latest electronic device made in china.

And you wonder why this country is so screwed up, with no jobs and people like you wondering why.

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[-] 0 points by smartcapitalist (143) 2 years ago

the display alone is $28.pls dont invent figures. And learn to use google

[-] 0 points by SteveKJR (-497) 2 years ago

The R&D is only part of the costs and is "minimal at best". They may inflate the cost to offset the profits for the 3 year period but you can be sure after that the profit margin is well over 1000 percent. You can take that to the bank.

[-] 0 points by smartcapitalist (143) 2 years ago

1000%? Just like your claim that the iPhone cost $25 to make? Yeah right.

[-] 0 points by SteveKJR (-497) 2 years ago

Well the "prove me wrong". There isn't a business out there that sells electronic products that don't make huge profits offf them.

[-] 0 points by smartcapitalist (143) 2 years ago

Hehe... Typical fool's bravado. Dude google search "iphone cost breakup". I hope you know how to use google. Or better still check out Apple's income statement for the overall margin. And you are wrong, most electronics products these days are so cheap that profit margins have shrunk drastically. Again, the word is income statement

[-] 0 points by SteveKJR (-497) 2 years ago

Well lets see if this holds true Apple reported in 2009

The Company sold a record 22,727,000 iPods during the quarter, representing three percent unit growth over the year-ago quarter. Quarterly iPhone units sold were 4,363,000, representing 88 percent unit growth over the year-ago quarter.

“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history—surpassing $10 billion in quarterly revenue for the first time ever,” said Steve Jobs, Apple’s CEO

Please explain this if you think that "electronic devices" don't make hugh profits and or revenues".

If they didn't Apple wouldn't be in the business of selling iPhones.

[-] 0 points by smartcapitalist (143) 2 years ago

ROFL.. I dont see anything about margins in your post, certainly nowhere a proof of your claim that they have 1000% margin.

The rest of the info is not new to me, in fact I can give you DB's projections for Apple next 4 quarters.

Profits and revenues are two very different things. Also you have chosen Apple as an example which has a profit margin of around 60%, much much higher than anyone else. Check out Samsung's and Motorola's margins, much lower than Apple's. And I should not even talk about the wafer thin margins of say Cowon or even Sony's MP3 players (Sony product still command a good brand premium however). And laptop makers like Acer and Lenovo, their margins are even smaller. Only Apple commands any decent margins here.

You could find all of this info in their respective income statements but I know you won't read those. Bottom line I am bored. Going to sleep. Good night.

[-] 0 points by SteveKJR (-497) 2 years ago

I guess you wouldn't consider this greed becaue it's Apple Profits up by 125 Percent.

Apple Reports Third Quarter Results All-Time Record Revenue and Earnings

iPhone Sales Grow 142 Percent; iPad Sales Grow 183 Percent

CUPERTINO, California—July 19, 2011—Apple® today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.

The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

[-] 0 points by smartcapitalist (143) 2 years ago

Yes i wouldnt consider it greed. Should I now?

[-] 0 points by SteveKJR (-497) 2 years ago

Ok, as long as we are on the same page with regard to "big corporations" making "big bucks" by screwing the people who buy their products.

[-] 0 points by XenuLives (1645) from Charlotte, NC 2 years ago

Any response to the jeans link? Its not just electronics that are made cheaply in China...