{"id":272942,"date":"2024-02-09T02:57:27","date_gmt":"2024-02-09T07:57:27","guid":{"rendered":"https:\/\/sftarticles.wpenginepowered.com\/es\/?p=326082"},"modified":"2025-07-01T17:05:16","modified_gmt":"2025-07-02T00:05:16","slug":"no-tim-cook-has-not-been-overpaid","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/no-tim-cook-has-not-been-overpaid\/","title":{"rendered":"No, Tim Cook has not been overpaid"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The success of Apple is largely possible thanks to its executives. Tim Cook and the rest of the management team receive generous bonuses in addition to their base salary. Something that not everyone agrees with, at least in the amount. This is reflected in a lawsuit filed against Apple, which claims that the CEO of Apple had been overpaid in 2021 and 2022. As <a href=\"https:\/\/www.reuters.com\/legal\/apple-defeats-lawsuit-claiming-it-overpaid-ceo-tim-cook-others-2024-02-07\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">reported by Reuters<\/a>, but in a recent court decision, Apple has been cleared of facing such a lawsuit. With this, <strong>the allegations suggesting excessive compensation<\/strong> towards its management team are dispelled.<\/p>\n\n\n<div class=\"sc-card-program\">\r\n  <div class=\"sc-card-program__body\">\r\n    <div class=\"sc-card-program__row clearfix\">\r\n      <div class=\"sc-card-program__col-logo\">\r\n        <img decoding=\"async\" class=\"sc-card-program__img\" src=\"https:\/\/images.sftcdn.net\/images\/t_app-icon-s\/p\/3fcfd53d-6233-4b22-a08d-6a57d0a85111\/3228077087\/apple-tv-logo\" alt=\"Apple TV+\" width=\"100px\" height=\"100px\">\r\n      <\/div>\r\n      <div class=\"sc-card-program__col-title\">\r\n        <span class=\"sc-card-program__title\">Apple TV+<\/span>\r\n        <a class=\"sc-card-program__button sc-card-program-internal\" href=\"https:\/\/apple.co\/4ahEAXk\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">SUBSCRIBE<\/a>\r\n      <\/div>\r\n      <div class=\"sc-card-program__col-rating\">\r\n        <svg class=\"rating-score__content\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" x=\"0\" y=\"0\" viewbox=\"0 0 50 50\" enable-background=\"new 0 0 50 50\" xml:space=\"preserve\"><path class=\"rating-score__background rating-score--good\" fill=\"none\" stroke-width=\"6\" stroke-miterlimit=\"10\" d=\"M40 40c8.3-8.3 8.3-21.7 0-30s-21.7-8.3-30 0 -8.3 21.7 0 30\"><\/path><path class=\"rating-score__value rating-score__value--0\" fill=\"none\" stroke-width=\"6\" stroke-dashoffset=\"0\" stroke-miterlimit=\"10\" d=\"M40 40c8.3-8.3 8.3-21.7 0-30s-21.7-8.3-30 0 -8.3 21.7 0 30\"><\/path><text class=\"rating-score__number\" content=\"\" text-anchor=\"middle\" transform=\"matrix(1 0 0 1 25 31.0837)\" data-auto=\"app-user-score\"><\/text><\/svg>\r\n      <\/div>\r\n    <\/div>\r\n    <div class=\"sc-card-program__row\">\r\n      <span class=\"sc-card-program__description\"><\/span>\r\n    <\/div>\r\n    <div class=\"sc-card-program__row\">\r\n      <img decoding=\"async\" class=\"sc-card-program__bigpic\" src=\"\" onerror=\"this.style.display='none'\">\r\n    <\/div>\r\n    <a class=\"sc-card-program__link track-link sc-card-program-sponsored\" href=\"https:\/\/apple.co\/4ahEAXk\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><\/a>\r\n  <\/div>\r\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">A dismissed lawsuit<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The lawsuit was filed by a pension fund affiliated with the International Brotherhood of Teamsters, and argued that in 2021 and 2022, <strong>Apple respectively granted $92.7 million and $94 million to Tim Cook<\/strong> and four other executives. According to the fund, this was due to an incorrect calculation of the value of performance-based stock awards, alleging that the compensation committee intended to award only $77.5 million each year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"You Think That&#039;s Hard Work? | Mac | Apple\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/edpJev-jyx4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The pension fund lawyers attributed the alleged error to an inappropriate calculation by the fair value committee of the shares at the time of the grants. They claimed that this misled the shareholders, who have the right to vote on a consultative basis on the compensation received by the executives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, District Judge Jennifer Rochon in Manhattan disagreed with these allegations. In her ruling, she pointed out that <strong>Apple had accurately described its payment methods in the detailed compensation tables<\/strong> in its 2023 statement, complying with securities laws and regulations of the United States Securities and Exchange Commission.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, Judge Rochon found that <strong>there is no evidence that Apple&#8217;s board of directors acted inappropriately<\/strong> when granting the compensation and mentioned that the plaintiff did not give the board enough time to consider his objections before proceeding with the lawsuit.<\/p>\n\n\n<div class=\"sc-card-program\">\r\n  <div class=\"sc-card-program__body\">\r\n    <div class=\"sc-card-program__row clearfix\">\r\n      <div class=\"sc-card-program__col-logo\">\r\n        <img decoding=\"async\" class=\"sc-card-program__img\" src=\"https:\/\/images.sftcdn.net\/images\/t_app-icon-s\/p\/3fcfd53d-6233-4b22-a08d-6a57d0a85111\/3228077087\/apple-tv-logo\" alt=\"Apple TV+\" width=\"100px\" height=\"100px\">\r\n      <\/div>\r\n      <div class=\"sc-card-program__col-title\">\r\n        <span class=\"sc-card-program__title\">Apple TV+<\/span>\r\n        <a class=\"sc-card-program__button sc-card-program-internal\" href=\"https:\/\/apple.co\/4ahEAXk\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">SUBSCRIBE<\/a>\r\n      <\/div>\r\n      <div class=\"sc-card-program__col-rating\">\r\n        <svg class=\"rating-score__content\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" x=\"0\" y=\"0\" viewbox=\"0 0 50 50\" enable-background=\"new 0 0 50 50\" xml:space=\"preserve\"><path class=\"rating-score__background rating-score--good\" fill=\"none\" stroke-width=\"6\" stroke-miterlimit=\"10\" d=\"M40 40c8.3-8.3 8.3-21.7 0-30s-21.7-8.3-30 0 -8.3 21.7 0 30\"><\/path><path class=\"rating-score__value rating-score__value--0\" fill=\"none\" stroke-width=\"6\" stroke-dashoffset=\"0\" stroke-miterlimit=\"10\" d=\"M40 40c8.3-8.3 8.3-21.7 0-30s-21.7-8.3-30 0 -8.3 21.7 0 30\"><\/path><text class=\"rating-score__number\" content=\"\" text-anchor=\"middle\" transform=\"matrix(1 0 0 1 25 31.0837)\" data-auto=\"app-user-score\"><\/text><\/svg>\r\n      <\/div>\r\n    <\/div>\r\n    <div class=\"sc-card-program__row\">\r\n      <span class=\"sc-card-program__description\"><\/span>\r\n    <\/div>\r\n    <div class=\"sc-card-program__row\">\r\n      <img decoding=\"async\" class=\"sc-card-program__bigpic\" src=\"\" onerror=\"this.style.display='none'\">\r\n    <\/div>\r\n    <a class=\"sc-card-program__link track-link sc-card-program-sponsored\" href=\"https:\/\/apple.co\/4ahEAXk\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><\/a>\r\n  <\/div>\r\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s remember that it was in 2023 when Tim Cook \u2014who has a clear successor\u2014 decided to lower his salary, which went <strong>from about 99 million dollars in the previous year to just over 63<\/strong> in a readjustment in the company&#8217;s compensation structure. Meanwhile, any doubts about the previous compensations of Apple&#8217;s executive team are resolved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple&#8217;s success is largely made possible thanks to its executives. Tim Cook and the rest of the senior management receive generous bonuses in addition to their base salary. However, not everyone agrees, at least not with the amount.<\/p>\n","protected":false},"author":9262,"featured_media":272944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":1},"categories":[1015],"tags":[],"usertag":[],"vertical":[],"content-category":[],"class_list":["post-272942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/272942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/users\/9262"}],"replies":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/comments?post=272942"}],"version-history":[{"count":1,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/272942\/revisions"}],"predecessor-version":[{"id":314862,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/272942\/revisions\/314862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media\/272944"}],"wp:attachment":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media?parent=272942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/categories?post=272942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/tags?post=272942"},{"taxonomy":"usertag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/usertag?post=272942"},{"taxonomy":"vertical","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/vertical?post=272942"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/content-category?post=272942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}