Tag: Tim Cook

Apple CEO Tim Cook Made Nearly $100 Million in 2021

Michigan Star Staff

Apple chief executive Tim Cook made nearly $100 million in compensation in the company’s fiscal year, according to SEC filings published Thursday.

SEC filings show that Cook took home $98.73 million in the 2021 fiscal year, more than 500% more than the previous year’s $14.8 million, The Wall Street Journal reported.

Cook’s $3 million base salary remained stable in 2021, but he received a $12 million bonus for hitting Apple’s financial and environmental sustainability goals, $1.39 million in other compensation and $82.35 million in stock awards.

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CCP Expert Says Apple CEO Tim Cook Currying Favor with Chinese Government

Peter D'Abrosca

An expert on the Communist Chinese Party (CCP) who chronicles China’s current affairs reacted Wednesday to a damning report that Apple CEO Tim Cook paid the Chinese government $275 billion to curry favor with President Xi Jinping. 

Simone Gao is a Chinese-born filmmaker and an award-winning reporter.

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Big Tech Companies Apple and Amazon Warn of Worsening Supply Chain Crisis

Michigan Star Staff
A ship arriving at the Hamburg harbor.

On Thursday, two of the biggest tech companies in the world posted earnings that fell below market expectations, attributed to the ongoing supply chain crisis that is paralyzing the American economy, according to CNN.

For the third quarter of 2021, Amazon’s net sales amounted to around $110.8 billion, which was a 15 percent increase from the previous year; however, this ultimately fell below market analyst predictions of about $111.6 billion. Amazon’s overall net income for the same period decreased from the same period in 2020 to about $3.2 billion, when predictions estimated around $4.6 billion.

Apple’s sales during the same quarter were $83.4 billion, with iPhone sales at $38.9 billion; both were lower than original projections.

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Apple CEO Tim Cook Reportedly Phoned Pelosi to Warn Her Against Antitrust Bills

Michigan Star Staff
House Speaker Nancy Pelosi and Apple CEO Tim Cook

Apple CEO Tim Cook called House Speaker Nancy Pelosi and other members of Congress last week, warning lawmakers that newly proposed antitrust legislation would harm consumers and hurt innovation, five sources with knowledge of the conversations told The New York Times.

Lawmakers introduced a series of antitrust bills that target Facebook, Apple, Google and Amazon, The New York Times reports. The legislative efforts seek to rein in the tech companies by addressing alleged anti-competitive practices and by curbing monopoly power, according to a report by CNET.  

Pelosi pushed back on Cook’s warnings, asking him to name specific policy objections, two sources with knowledge of the conversations told The New York Times.

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Apple CEO’s Pay Increased by Nearly 30 Percent During Pandemic

Michigan Star Staff

Apple Chief Executive Officer Tim Cook’s annual compensation increased by 28% in 2020 even as the coronavirus pandemic sparked a recession, according to filings.

Tim Cook’s 2020 compensation totaled $14.7 million, which was mainly comprised of performance-based pay, according to Securities and Exchange Commission (SEC) filings released Tuesday, Business Insider reported. While the coronavirus pandemic sparked a recession in the spring, Apple consistently reported positive financial figures including increased revenue and growth throughout 2020.

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Zuckerberg Was the Only Tech CEO to Unequivocally Say China Is Stealing American Technology

Michigan Star Staff

Facebook CEO Mark Zuckerberg was the only tech executive at Wednesday’s antitrust hearing who unequivocally said China is stealing technology from American companies.

“I think it’s well documented that the Chinese government steals technology from American companies,” the 36-year-old Silicon Valley executive said after Rep. Greg Steube asked him if China is stealing from U.S. technology companies. The Florida Republican posed the same question to CEOs Tim Cook of Apple, Jeff Bezos of Amazon, and Sundar Pichai of Google.

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Spotlight on Four Big Tech CEOs Testifying in Competition Probe

The Associated Press

They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individual; another is the fourth-ranked billionaire. Their industry has transformed society, linked people around the globe, mined and commercialized users’ personal data, and infuriated critics on both the left and right over speech.

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