Sam Oliver
The unprecedented financial success Apple has seen since Tim Cook took over as chief executive makes him the best corporate leader in America when it comes to pay versus performance, according to a new Bloomberg executive ranking.
Cook's $65.2 million in 2014 compensation amounts to just 0.2 percent of Apple's $28.6 billion "economic profit" since 2012, Bloomberg notes. No other chief executive boasts a ratio equal to or lower than Cook's.
Microsoft CEO Satya Nadella came second at 0.4 percent, while Exxon Mobil's Rex Tillerson booked a third-place finish with 0.7 percent.
"Apple is just unbelievably killing it," Hudson Square Research analyst Dan Ernst told the publication. "A good leader like Cook builds a team around him that can do the job."
Most of Cook's top lieutenants are longtime Apple veterans, but he has reached outside the family for some key hires. He brought in Lisa Jackson from the Environmental Protection Agency to oversee environmental initiatives, and lured then-Burberry CEO Angela Ahrendts to come aboard as senior vice president in charge of retail.
The rankings track the top 100 highest-paid public company executives, regardless of title. Order is determined using the executives' pay as a percentage of their company's after-tax net profit, minus cost of capital, which Bloomberg refers to as economic profit.
Mike Wuerthele
Chip Loder
William Gallagher
Wesley Hilliard
Malcolm Owen
Christine McKee
44 Comments
Yup. For the profits Apple makes, Tim Cook is the least-paid CEO on the planet. Not that he cares, he always turns down his bonuses. Tim is a fantastic example of fiscal responsibility and accountability when it comes to CEOs, as well as lack of greed. Yes, he still gets paid a shitload of $$, but he generates infinitely more, and does not earn as much as he otherwise could.
Just another example of TC quietly setting a good example.
This guy was responsible for Apple's amazing success long before SJ passed away. It's not just the product that has to be good but everything that happens behind the product that we hoi polloi never see or really appreciate. Go Cookie Go!
[quote name="prokip" url="/t/185837/apples-tim-cook-is-the-most-pay-efficient-ceo-in-america-bloomberg-says#post_2711562"]This guy was responsible for Apple's amazing success long before SJ passed away. It's not just the product that has to be good but everything that happens behind the product that we hoi polloi never see or really appreciate. Go Cookie Go![/quote] Very true. Kudos to SJ for hiring Tim!
[quote name="sog35" url="/t/185837/apples-tim-cook-is-the-most-pay-efficient-ceo-in-america-bloomberg-says#post_2711563"]Then look at the CEO of GoPro who is making like $400 million this year. [/quote] I can't speak to that example as i have no knowledge and haven't DDGd it yet but sadly many execs realize they have a limited window of opportunity either personally or product wise, so make sure they create their golden nest egg ASAP. Share holders and employees seem rarely the top priority.