Cook ranks as the 11th best-value CEO in the world, according to a top 100 list compiled by Bloomberg that assessed leaders’ pay-for-performance ratios at large listed companies. Cook’s base salary was about $2 million, with the rest of his compensation mostly made up of incentives.
Bloomberg, though, noted that Cook owns a stake in Apple worth around 10 times his base salary.
Cook would have been much higher up on the list if it weren’t for some CEOs pretty much doing the gig for free. Fossil Group’s Kosta Kartosis and Ubiquiti’s Robert Pera shared first place because they received zero compensation. Both men, though, own big chunks of company stock.
Larry Page, the CEO of Google-owner Alphabet, came in third with his $1 salary, which is the same amount Cook’s predecessor at Apple, Steve Jobs, was paid.
Nominal salaries have the benefit of showing that executives care about investors because their financial fortunes are more aligned to the company’s share-price performance.
Also edging out Cook was Berkshire Hathaway CEO Warren Buffett, who’s base salary, at $100,000, hasn’t changed for decades.
Buffett has often criticized the astronomically high salaries made by some superstar CEOs. Last year, he called on his successor not to let “ego nor avarice motivate him to reach for pay matching his most lavishly compensated peers, even if his achievements far exceed theirs.”
To be sure, Buffett also appears to be pragmatic when it comes to the supply and demand realities of the talent market: the CEO of Berkshire Hathaway’s energy unit was, last year, paid nearly $41 million, including incentives.
Bloomberg’s full list can be viewed here.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
