Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure
Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure
Former Vice President Al Gore will be departing from Apple’s board of directors after a 21-year run due to the company’s mandatory retirement age, the tech company said today. James Bel…
Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure::Former Vice President Al Gore will exit Apple's board of directors, the company said in an SEC filing that also revealed a pay drop for CEO Tim Cook.
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I wonder what caused this much of a dip. According to the EPI, CEO salaries in general correlates to the value of their respective companies, but I can't point to anything bad Apple did outside of forgetting to license Apple Watch components. Nothing that would make it despised among consumers, anyway.
About 50% of Apple revenue comes from iPhones. So if an iphone sells less then expected it's a big impact on the company and stock price. The iPhone 15 was OK, but not innovative or interesting enough for people to ditch the previous one and get a new phone.
Also investors really look at future growth, so when the main product they sell shows signs that the end of growth has been reached they are not happy.
In reality the only thing that has unlimited growth is cancer, I just like to add this...
On the contrary, it has one of the biggest possible changes: USB-C.
I suspect that causes some hesitancy among less tech-savvy users, or users with a lot of peripherals.
I suspect most people simply don't care. "USB-C everything" exists in a tech bubble, outside of this bubble many don't even know what port their phone uses. Most of the time when I was asked for a charging cable and asked which one they needed, they either said "iPhone", "Samsung" or whatever or just showed me the port.
Maybe he failed to meet expectations?
It’s to my understanding that these shareholders expect constant growth to continue to increase the returns on their investment.
“Your customers still trust you with their data and you haven’t even started selling it yet.”
-shareholders, probably
not despised, but i think the Apple Watch injunction really hurt them because it was around the holiday season. That, and the general consumer pretty much knew there wasn't anything new with the new iPhone that warranted an upgrade. Even my rich, boomer dad said he didn't see why it would be worth it to upgrade and he always gets the newest models.
If they released one every 3 or 4 years, I’d buy them all, but they’re just such small bumps in tech that I end up just sticking to what I’ve got. I bought the 15 and did that Apple courier thing where they bring it to you like door dash. It was Black Friday and $9, so it seemed like a deal. The driver stole it. So, that rubbed me wrong and I’m gonna wait for the 16.