Apple execs Angela Ahrendts and Bruce Sewell each sell over $10M in company stock

Posted:
in AAPL Investors
Apple's head of retail, Angela Ahrendts, last week sold off 75,000 shares of Apple stock to net $11.1 million, while general counsel Bruce Sewell shed 67,500 shares to gain over $10 million.




According to a Securities and Exchange Commission filing made public on Monday, Ahrendts executed a series of five transactions conducted between May 4 and May 8, each involving multiple trades at prices ranging from $145.84 to $150.89. Following the sale, Ahrendts still holds 103,116 shares worth $15.8 million at the end of trading on Monday.

The sale was accomplished according to a trading plan Ahrendts adopted in February.

Hired in 2014, Ahrendts has become the public face of Apple's retail operations.

Shortly after joining the ranks in Cupertino, Ahrendts began planning a drastic revamp of the company's brick-and-mortar operations that included "next-gen" store redesigns. The updated design language, which features high-flung ceilings with integrate light panels, a large custom television display and copious amounts of wood furniture, first launched with a new outlet in Brussels in 2015.

Ahrendts is working to transform the Apple store into a "town square" where customers can engage and interact with their local communities. As part of the new initiative, Ahrendts last month announced the "Today at Apple" program, which involves a series of 60 different educational sessions led by "Creative Pros" skilled in fields like music and photography. As part of the effort, so-called "forums" will be built into larger flagship locations to host performances by local music acts.

In a separate filing on Monday, Sewell reported a May 5 transaction executed in multiple trades at prices ranging from $148.59 to $148.895. The weighted average sale price was calculated at $148.46. After selling the securities last week, Sewell retains 141,325 AAPL shares currently worth $21.6 million.

Serving as Apple's general counsel since 2009, Sewell has long operated out of the public eye. That changed last year when the U.S. Department of Justice went to war with Apple over a locked iPhone used by a suspect in the San Bernardino terror attacks. In March of 2016, Sewell presented Apple's case for strong device encryption and personal safeguards to the U.S. House of Representatives Judiciary Committee.
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Comments

  • Reply 1 of 53
    And then they donate it all to their poorest retail employees! YAY!
  • Reply 2 of 53
    anantksundaramanantksundaram Posts: 18,956member
    And then they donate it all to their poorest retail employees! YAY!
    And they should.....because....?
    tycho_macuserlkruppericthehalfbee
  • Reply 3 of 53
    chasmchasm Posts: 1,165member
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 2. Both Sewell and Dame Ahrendts could have made another quarter-million easy by just waiting till today. :)
    Soli
  • Reply 4 of 53
    carnegiecarnegie Posts: 622member
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 2. Both Sewell and Dame Ahrendts could have made another quarter-million easy by just waiting till today. :)
    Hindsight.  :)

    Ms. Ahrendts shares were sold pursuant to a trading plan adopted in February. She had just received a little over 79,000 shares (net of tax withholding) on Monday as part of the package she was awarded when she came to Apple. Some of those were (stock) performance based, some were just time based. I wouldn't be surprised if see another filing for her after tomorrow indicating that she sold another 4,000 or so. These last 75,000 were sold in groups of 25,000 per day on Thursday, Friday and Monday. They have to report such sales within 3 days, so a filing couldn't have waited for one more day of sales if the intention was to sell all of the shares that just vested last week.
    fastasleep
  • Reply 5 of 53
    gatorguygatorguy Posts: 20,021member
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.

    edited May 2017 icoco3
  • Reply 6 of 53
    SoliSoli Posts: 8,546member
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.
    Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
    bestkeptsecret
  • Reply 7 of 53
    lkrupplkrupp Posts: 6,703member
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.

    Luckily your Marxist socialist utopia fell when the Soviet Union did. Take your Robin Hood fantasy and shove it.
    anantksundaram
  • Reply 8 of 53
    gatorguygatorguy Posts: 20,021member
    Soli said:
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.
    Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
    Many, many states mandate minimum wages higher than that. In fact the majority of states do. 
    edited May 2017
  • Reply 9 of 53
    SoliSoli Posts: 8,546member
    gatorguy said:
    Soli said:
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.
    Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
    Many, many states mandate minimum wages higher than that. 
    I live in one of those states, and that invalidates your entire statement because it means that at least two of the three can't possibly apply.

    Are you saying that Apple just shores ups the minimum wage for that state and then leaves it at that, or do you think that they adjust the payscale accordingong to fit local economic costs and the ability to hire for a specific position? I'm pretty certain it's the latter.
    edited May 2017 anantksundaram
  • Reply 10 of 53
    gatorguygatorguy Posts: 20,021member
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.
    Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
    Many, many states mandate minimum wages higher than that. 
    I live in one of those states, and that invalidates your entire statement because it means that at least two of the three can't possibly apply.

    Are you saying that Apple just shores ups the minimum wage for that state and then leaves it at that, or do you think that they adjust the payscale accordingong to fit local economic costs and the ability to hire for a specific position? I'm pretty certain it's the latter.
    Why are you pretty sure it's the latter? Not at all saying you are incorrect, but the salaries I posted is the overall avaerage, which includes "your state". They actually pay as little as $9/hour for some retail positions in some stores depending on the state.  
    https://www.glassdoor.com/Salary/Apple-Salaries-E1138.htm
    edited May 2017
  • Reply 11 of 53
    SoliSoli Posts: 8,546member
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.
    Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
    Many, many states mandate minimum wages higher than that. 
    I live in one of those states, and that invalidates your entire statement because it means that at least two of the three can't possibly apply.

    Are you saying that Apple just shores ups the minimum wage for that state and then leaves it at that, or do you think that they adjust the payscale accordingong to fit local economic costs and the ability to hire for a specific position? I'm pretty certain it's the latter.
    Why are you pretty sure it's the latter? Not at all saying you are incorrect, but is there any evidence of it?
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
  • Reply 12 of 53
    radster360radster360 Posts: 539member
    AI I think we all can live without all the ranting goes on this forum after such announcements. Same information can be found at other public sources. It is best to not publish them here. There is nothing more to read into this sales other than the fact they are following planned actions. Would people complain if the stocks were like in their 90s and they would still have to sell.
    Soli
  • Reply 13 of 53
    SoliSoli Posts: 8,546member
    AI I think we all can live without all the ranting goes on this forum after such announcements. Same information can be found at other public sources. It is best to not publish them here. There is nothing more to read into this sales other than the fact they are following planned actions. Would people complain if the stocks were like in their 90s and they would still have to sell.
    Yes, but because the stock was in the $90 range.
  • Reply 14 of 53
    gatorguygatorguy Posts: 20,021member
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    chasm said:
    1. Apple employees aren't minimum wage workers, so no donations needed. Now the Walton family, OTOH, are just plain robber barons. 
    Ms Ahrendts is responsible for:
    Apple store Mac Specialist -  $13.34/hr
    Apple Retail Specialist - $14.94/hr
    Family Room Specialist - $15.58/hr

    So not that far from minimum wage.
    Considering the federal minimum wage is $7.25, which is minimum of an 84% increase over your stated hourly pay, I'd say that's well above minimum wage.
    Many, many states mandate minimum wages higher than that. 
    I live in one of those states, and that invalidates your entire statement because it means that at least two of the three can't possibly apply.

    Are you saying that Apple just shores ups the minimum wage for that state and then leaves it at that, or do you think that they adjust the payscale accordingong to fit local economic costs and the ability to hire for a specific position? I'm pretty certain it's the latter.
    Why are you pretty sure it's the latter? Not at all saying you are incorrect, but is there any evidence of it?
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra few hundred bonus can mean a lot. 

    For instance, Apple has around 265 stores, and says they average 100 employees each and most are full time (meaning some are not of course). But assume 20% of those employees are the lowest paid ones. If that $11Million were distributed to them how much could be given to each of those lowest paid to allow them to pay off debt, assist with rent, down-payment on a more reliable vehicle, or pay for schooling? I've already done the math. 

    edited May 2017
  • Reply 15 of 53
    SoliSoli Posts: 8,546member
    gatorguy said:
    Soli said:
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot. 
    1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.

    2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
  • Reply 16 of 53
    gatorguygatorguy Posts: 20,021member
    Soli said:
    gatorguy said:
    Soli said:
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot. 
    1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.

    2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
    You are absolutely correct. Apple executive management made the decision to hire her and how much she should be paid and it's certainly in line with what other Apple executives are earning.

    But it's more a US thing than worldwide to believe top management is thousands and even millions of times more valuable than their employees who produce the products and provide the services. 
    edited May 2017
  • Reply 17 of 53
    SoliSoli Posts: 8,546member
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot. 
    1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.

    2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
    You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world. 
    There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
  • Reply 18 of 53
    gatorguygatorguy Posts: 20,021member
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot. 
    1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.

    2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
    You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world. 
    There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
    Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet. 

    Smart CEO's don't take big salaries. They take big stock options. 
  • Reply 19 of 53
    SoliSoli Posts: 8,546member
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot. 
    1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.

    2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
    You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world. 
    There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
    Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet. 

    Smart CEO's don't take big salaries. They take big stock options. 
    I was lumping any payments that were not salary into the bonus section, including stock payments.
  • Reply 20 of 53
    gatorguygatorguy Posts: 20,021member
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    gatorguy said:
    Soli said:
    If they can get people to work for the minimum wage then why have positions that start nearly at 2x the minimum wage? Why do you think that in some state where the minimum is $7.25/hour Apple would think it's too low, but in, say, Cupertino, they tell employees of different ranks that they only get minimum wage for the state?
    My guess based on Glassdoor reported salaries is that Apple is paying only slightly higher than mandated minimum wages for some retail positions in the lowest wage states. 
    As little as $9/hr for Mac Specialists
    $10/hr for Apple Retail Specialists

    ...and I'm not saying Apple should pay them more. I was simply advising the OP who sounded as tho he was under the impression they were paid better than that. 

    EDIT: I would note that giving $11M to an already very wealthy woman who could not possibly spend the money she already has accomplishes less for our economy than distributing that same $11 million to the lowest paid Apple employees who almost certainly will spend it primarily locally. I realize that to some $11M isn't much, but to a low-paid hourly worker an extra $100 bonus can mean a lot. 
    1) $9 and $10 per hour are much lower than the pay rates you previously mentioned, but even that's still well above minimum wage. Comparing it to what a wealthy executive makes isn't a fair comparison, because even $50 and hour wouldn't move the needle compared to someone cashing in millions of dollars of stock in a single day.

    2) I have no idea how much money she needs, but that was a decision Apple made to hire her, and should not be based on what others make, but her perceived value to the company. Does an Apple Retail Specialist bring in more revenue and profit for Apple than what Ahrendts and Sewell offer the company? Does a Mac Specialist have more experience than Ahrendts and Sewell for their respective leadership positions?
    You are absolutely correct. Apple executive management made the decision to hire here and how much she should be paid. It's certainly in line with what other executives are earning. It's a US thing more so than the rest of the world. 
    There is a growing wage gap, so I'd fine with seeing Apple create a policy that will not allow the disparity to keep growing out of control, but isn't even Tim Cook's salary pretty and bonus pretty small compared to other CEOs?
    Why only include salary and bonus? Steve Jobs famously made $1/year in salary over the early iPhone years. But that's not all the compensation he received from Apple. Larry Ellison took only $1 in salary while taking $10's of millions in stock profits at the same time. Warren Buffett too earns less salary than his secretary accoding to what I've read. But still somehow became one of the richest men on the planet. 

    Smart CEO's don't take big salaries. They take big stock options. 
    I was lumping any payments that were not salary into the bonus section, including stock payments.
    Fair enough. And sorry for belaboring the point. I do think there's a huge disconnect from the middle class who enable their high compensation along with an unhealthy sense of entitlement among executive leadership in the largest US corporations. 
    edited May 2017
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