It’s good to be the CEO — Apple chief executive Tim Cook was paid $98.7 million in 2021. That’s a combination of a base salary, an incentive plan and other compensation, but the lion’s share is in Apple stock.
Other top Apple executives also have 8-figure annual compensation packages, if not anywhere close to Cook’s.
Google’s deal with Apple, which ensures that it remains the default search engine in Safari across all Apple devices, is the subject of a new class-action lawsuit against both companies and their CEOs, Sundar Pichai and Tim Cook.
A lawsuit filed in California this week alleges that the two Silicon Valley giants have a non-compete agreement in internet search that violates U.S. antitrust laws and prevents Apple from launching a search engine of its own.
Tim Cook’s mission to make Apple’s Services business a behemoth all by itself is paying off in a big way. The latest Wall Street estimate pegs its total value at a whopping $1.5 trillion — more than a third of Apple’s total market cap.
To put that figure into perspective, it’s more than the national net worth of most countries — including Ukraine, Hungary, Peru and Qatar combined.
Apple CEO Tim Cook emailed corporate employees on Wednesday to confirm the company is yet again delaying its return to offices. He also said Apple will give all employees $1,000 to spend on home office equipment.
Apple told employees in November that they were expected to return to their workstations on February 1. But with Covid-19 cases again on the rise around the world, that date is now “yet to be determined.”
Apple CEO Tim Cook “secretly” struck a deal with China in which he agreed to invest around $275 billion of Apple’s money to boost the country’s economy and “technological prowess,” according to a new report.
The five-year agreement was allegedly made during a series of visits Cook made to China in 2016 amid growing regulatory hostilities toward Cupertino. Since then, Apple has become China’s biggest smartphone brand.
Apple will pay out $30 million to settle an employee dispute after it forced workers to stay behind to have their bags after their shifts had ended. It finally marks an end to the lawsuit that was first filed eight years ago.
The lawsuit was dismissed by one California judge back in 2015. But after the decision was appealed, the California Supreme Court in February 2020 ruled that Apple must pay compensation to those affected.
Tim Cook revealed in an interview on Tuesday that he owns cryptocurrency and sees it as a “reasonable” way to diversify his portfolio. The Apple CEO also admitted that Cupertino is “looking at” ways cryptocurrency could one day work with Apple Pay, or be used to buy Apple products.
However, if it’s investment advice you’re after, you can look elsewhere.
Apple’s stock is tanking in after-hours trading, despite the company’s announcement of yet another record-breaking quarter. The problem? Wall Street expected it to make way more.
While Steve Jobs died 10 years ago today, he lives on as a way to criticize Apple’s current management.
In some people’s misguided memories, Jobs did no wrong. Ever. And members of this reality-challenged group — let’s call it the Church of Steve Jobs — frequently post comments on social media like, “Apple would be so much better if Steve Jobs were still in charge.”
But in reality, Jobs made plenty of mistakes. Here are some of his worst foul-ups.
Apple CEO Tim Cook is fed up with employees who leak details of upcoming devices to the press. He sent out a company-wide memo that said, “people who leak confidential information do not belong here.”
The memo was quickly leaked to the press.
This week on Cult of Mac’s podcast: It sounds like iPhone 13 will come with a secret satellite trick that will give you signal anywhere on Earth! The feature might not prove as groundbreaking as it initially seemed, but it still sounds like a lifesaver.
Also on The CultCast:
Listen to this week’s episode of The CultCast in the Podcasts app or your favorite podcast app. (Be sure to subscribe and leave us a review if you like it!) Or watch the video livestream, embedded below.
In the wake of Hurricane Ida’s category 4 landfall in Louisiana on Sunday, officials and aid workers are assessing damage and needed relief efforts. Today Apple CEO Tim Cook confirmed the company will donate money in support of those efforts.
Tim Cook has been Apple CEO for 10 years and he’s considering his exit strategy. But it won’t be soon because the executive will wait until the launch of “one more major new product category,” according to a new report.
Apple CEO Tim Cook, Microsoft CEO Satya Nadella, and other tech executives will meet President Biden at the White House this week. The focus of the meeting will be the efforts of private companies to improve cybersecurity following an increase in online attacks, one report claims.
An international coalition of more than 90 policy and rights groups is urging Apple to drop plans to scan user photos for child abuse material (CSAM).
In an open letter addressed to Apple CEO Tim Cook, published on Thursday, the coalition said it is concerned the feature “will be used to censor protected speech, threaten the privacy and security of people around the world, and have disastrous consequences for children.”
Apple CEO Tim Cook is one of the best paid U.S. executives according to a new report. He pulled in a whopping $265 million in 2020 from his salary, bonus, and stock awards.
But that’s chump change compared to what Elon Musk made.
Tim Cook reportedly got in touch with Speaker Nancy Pelosi, in addition to other members of Congress, to voice his worries about possible antitrust legislation, the New York Times reported Tuesday.
The Democrats are currently circulating drafts of antitrust bills that could affect the likes of Apple, Amazon, Facebook and Google. If passed, these bills could impact Apple’s ability to own and operate its own App Store marketplace in the way it currently does.
In a new video aimed at the European market, Apple CEO Tim Cook talks about how “privacy is a fundamental human right” that his company works hard to embed into every new product it makes. The six-minute video comprises various clips from Apple’s recent Worldwide Developers Conference related to the topic of privacy. Cook also recorded new bookends in which he shares some of his own thoughts.
Check it out below.
Apple employees are expected to return to the office this autumn. A memo sent to employees says they should plan to be on the office three days a week, if not more. That includes the company headquarters.
The change comes as COVID-19 infection rates in the U.S. have fallen dramatically in recent weeks.
Apple CEO Tim Cook will speak at VivaTech, described as Europe’s biggest startup and tech event, later this month. The multiday conference runs from June 16 through June 19. It has yet to be confirmed which day Cook will appear, and we still don’t know whether his talk will be given live or (as is more likely) virtually.
In a tweet, VivaTech’s organizers said: “Newsflash! Apple CEO Tim Cook will speak at #VivaTech for the first time!”
Since he came out as gay eight years ago, Apple CEO Tim Cook has led the company through the most successful period in its history. Cook once said he wanted to prove you can “be gay and still go on and do some big jobs in life.” He’s certainly done that.
But maybe there’s more to this story than overcoming prejudice. In 2018, Cook told CNN that being gay is “God’s greatest gift to me.” Far from a disadvantage, could being gay actually be an instrumental part of his success?
As a gay man myself, Cook has always been an inspiration for me. So to celebrate Pride Month, here’s why I think being gay made him a better CEO.
Tim Cook is one of the highest-profile CEOs in the world, currently in his tenth year running what’s currently the most valuable public company in the United States. But Cook is far from the biggest earner when it comes to executive compensation.
According to a ranking by the Wall Street Journal, Cook ranked 171st among S&P 500 CEOs in 2020s, taking into account both pay and compensation packages. While Cook’s take-home was a more-than-adequate $14,769,259 for the year, that’s still considerably under the $211 million raked in by Chad Richison of Paycom, the no. 1 entry on the list.
Apple’s Siri voice control system was named after a real woman in Norway. This isn’t her story.
Instead, it’s the story of Siri Hafso, an ordinary Apple fan who’s very tired of people making jokes about her name. And she asked Apple CEO Tim Cook if he can make it up to her.
As the Epic Games v. Apple trial winds down, Apple CEO Tim Cook took to the witness stand Friday to deliver a big fat nothingburger.
Trial watchers were hoping Cook would deliver dramatic and explosive testimony, but he mostly dodged, demurred or couldn’t remember.
You don’t get bigger witnesses when it comes to an Apple trial than Tim Cook. Cook, the 10-year CEO of Apple, will today take the stand in the ongoing court case pitting Apple against Fortnite maker Epic.
With the trial expected to end Monday, Cook’s Friday testimony will be a “One more thing” event as Apple’s lawyers attempt to dismantle Epic’s case (and vice versa on the part of Epic’s legal team).