r/technology • u/geoxol • Jan 13 '23 • Bravo! 1 Helpful (Pro) 1

Apple CEO Tim Cook to take more than 40% pay cut Business

https://apnews.com/article/technology-apple-inc-tim-cook-business-d056553b10120c4a968b562cb7ece5d2
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u/UltraSPARC Jan 13 '23

They restructured his compensation package too. They don’t want him to retire before 2026 so now his comp won’t mature until the end of 2025 instead of yearly. It was something like $119 million. Fun fact: he had a compensation package in 2015 that was $900 million if he held onto all the stock in todays dollars.

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u/BigGreen4 Jan 13 '23

According to the articles, this was his idea, after having listened to feedback from shareholders. He then put it to the shareholders to vote and they agreed, about 66% in favor of the new compensation package.

I just hope the funds saved will remain in employee compensation and be redirected to the employees. This would be a big step forward. (I understand that’s wishful thinking.)

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u/Z23kG3Cn7f Jan 13 '23 edited Jan 13 '23

Apple is worth over $1TN in the bank.

It's their choice to not pay workers decently

Edit: I corrected it to worth, not cash. My bad.

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u/Dman5891 Jan 13 '23

Fun fact; if you spent a million dollars a day from the day Christ was born you would have spent less than 3/4 of a trillion dollars.

Pay your workers Timmy.

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u/GroverMcGillicutty Jan 13 '23

Apple is spending a hell of a lot more than a million a day in wages.

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u/Part_Timer_99Y4 Jan 13 '23

Good to know they’ve been around longer than Christ

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u/ImNotAWhaleBiologist Jan 14 '23

Yeah, didn’t they start in Eden?

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u/TaralasianThePraxic Jan 14 '23

This joke really deserves more credit

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u/Part_Timer_99Y4 Jan 14 '23

Fuck me that is a solid one liner

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u/[deleted] Jan 14 '23 edited Jan 14 '23

[deleted]

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u/MEME_RAIDER Jan 14 '23

In this moment I am euphoric. Not because of any phony God's blessing. But because I have been enlightened by my own intelligence.

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u/LifeHasLeft Jan 13 '23

Yep, they’ve got 160,000 employees, assuming the average salary is in the 100,000’s, they’re paying at least 40,000,000 a day in wages. Sure many Genius Bar employees will make less but there are also people making several hundred thousand dollars a year, or into the millions like Cook.

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u/Blazing1 Jan 13 '23

That's.... A lot less than I expected.

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u/[deleted] Jan 13 '23

[deleted]

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u/pinkskydreamin Jan 14 '23

Their math is actually right, but yours seems wonky.

160,000 * 100,000 = 16,000,000,000 That’s 16 billion a year. Not sure where your 1.6 trillion comes from.

Further, 16B/365 = ~43,835,616.44 Or just north of 40 million per day.

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u/Arful Jan 14 '23

Not that I agree with the dude, but he did say $40m a day, not per year.

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u/Syntaire Jan 14 '23

At that rate it would take them about 68 years to spend their way through $1T.

Put another way Apple would have to spend about 20 average lifetimes worth of money every single day for most of a single average lifetime to burn through less than HALF of their current net worth.

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u/LifeHasLeft Jan 14 '23

You can’t spend net worth on wages. I think they could increase the low end of their wages too, but they don’t actually have $1T in the bank.

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u/Syntaire Jan 14 '23

Obviously. This is a theoretical discussion to illustrate just how much they are worth.

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u/sirgenz Jan 14 '23

I really hope not a single person talking shit in this thread currently owns any apple devices

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u/LifeHasLeft Jan 14 '23

I didn’t know estimating dollars spent on wages was talking shit

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u/sirgenz Jan 14 '23

I didn’t mean it specifically to you, I just didn’t know a better comment to reply to. I meant it in terms of the people saying that apple has too much money and doesn’t pay their employees enough, but still has the “sent from my iPhone” receipt on their emails.

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u/LifeHasLeft Jan 14 '23

I think it’s fair to criticize a company for their choices in providing an equitable wage while also owning that company’s products. I like their phones, they make good products, but I think, like with many other companies, there is a striking disparity between the compensation package of the CEO and the measly Genius Bar customer service representative.

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u/sirgenz Jan 14 '23

I get what you’re saying, I just think that people drawing pitchforks & foaming at the mouth that “apple bad” for having too much capital that doesn’t go to the employees is hypocritical if they contribute to that large amount of capital.

Don’t get me wrong, I think apple employees, along with every single other employee, should get paid a living wage, I guess I was just initially trying to point out something that didn’t make sense to me

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u/mbklein Jan 14 '23

If I want to own any cell phone (or any other consumer electronics) at all, it’s going to come from a company with an unethically large disparity in compensation between the workers who made the phone and the executives who run the company. It’s not necessarily hypocritical to criticize the practices of companies you do business with, especially when the reality of modern existence requires you to do business with someone in a sector with no ethical options.

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u/metaStatic Jan 13 '23

What's the difference between a millionaire and a billionaire? A billion dollars.

Most people don't understand the scales we're talking about here

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u/Dragon_yum Jan 13 '23

Not that I disagree with you but Apple spends way more than 1 million a day.

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u/Dman5891 Jan 13 '23

I was making a point about how much a trillion dollars actually is, most people can't even imagine a number that big. Another way...in just over 11 days there are a million seconds. A trillion seconds takes over 31000 years !

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u/hrehbfthbrweer Jan 13 '23

This is always my favourite way of getting the point across:

https://mkorostoff.github.io/1-pixel-wealth/

Just shows how incomprehensibly wealthy these people and corporations are.

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u/Caeremonia Jan 14 '23

Holy fuck, that graffic should be updated yearly and played on every news station in the country weekly. I knew the wealth gap was bad, but that is fucking insane. I am furious right now. It is far past time to outlaw this obscene wealth hoarding, or we start eating the ultra rich.

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u/takabrash Jan 13 '23

What does that have to do with anything?

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u/Dragon_yum Jan 13 '23

That their capital isn’t infinite, companies need runway to operate properly. So it’s not like they got enough money to operate for 2000 years. While it will last undoubtedly a long time it’s no where near that scale of that long.

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u/takabrash Jan 13 '23

Who said it's infinite? Apple also makes way more than a million a day. Their anecdote had almost nothing to do with Apple itself. Just money

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u/Dragon_yum Jan 13 '23

It must be hard going through life when you forget context of conversations after two sentences.

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u/takabrash Jan 13 '23

Is hard. I so dum

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u/[deleted] Jan 13 '23

[deleted]

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u/EvaUnit_03 Jan 13 '23

But christ was born more than 2000 years ago! He'd be 22 or something by your metric. Those 22 years make all the difference for the math.

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u/negativeyoda Jan 13 '23

Most scholars agree Jesus was born between 6-4BC so he'd be pushing 30

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u/EvaUnit_03 Jan 13 '23

and thats where the something comes in. All we know is that the latins had this otherworldly dating system that revolved around the revolution of the coming of christ seeing as the terms anno Domini (AD) and before Christ (BC) are used to label or number years in the Julian and Gregorian calendars with the term anno Domini is Medieval Latin and means 'in the year of the Lord'.

Its why we also moved to a different dating system to BCE/CE Before the Common Era because of the whole religious condonation that many nations and their people dont honor.

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u/VIPTicketToHell Jan 13 '23

Born before he was born. That’s some time traveller shit.

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u/Mczern Jan 13 '23

Yeah but Christ had nothing for the first 21 years of his life then got his shit together and pulled himself up by his boot straps and became a trillionaire over the following year. Look it up it's in the Bible.

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u/PullinUpBootstraps Jan 13 '23

Assuming the man even existed. History can't even agree on when and where he was born so Christians just took over a few days important to Pagans,threw a dart at a map and decided this is where our story began.

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u/Griffon489 Jan 13 '23

Look I get being skeptical about Jesus’s existence and what not but the time period chosen was because there is a guy in Roman occupied judea that lead a cult resistance against their rule that called himself “Jesus”. Hell here is a biblical scholar’s analysis of a letter by Pontius Pilate telling the current emporer at the time Tiberius why he crucified this “Jesus”.

https://www.jstor.org/stable/1560249

I’m atheist as hell but I’m pretty fucking sure Jesus was a real human being that was a real problem to Roman imperial interests.

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u/[deleted] Jan 13 '23

[deleted]

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u/Griffon489 Jan 13 '23

Biblical scholar’s analysis means next to nothing here. You can study historical fiction all day long and it doesn’t make you an expert on historical fact.

That’s an actual field of history and archeology that has a great deal of brilliant men and women working hard to be those very experts. Don’t disparage their hard work simply because you really hate organized religion.

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u/LikeACannibal Jan 13 '23

You're absolutely correct. There's no evidence for there actually being a person that existed named Jesus of any import. Literally the only thing people cite is a faked letter that even the damn Vatican said was a forgery.

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u/[deleted] Jan 13 '23

[deleted]

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u/lukeswalton Jan 13 '23

I’m not religious and don’t necessarily think of him as Christ, but jesus was a person, not a myth. He existed.

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u/KylerGreen Jan 13 '23

Someone always has to say this.

Yes, there was probably a bunch of people named Jesus Christ around that time period.

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u/stamminator Jan 13 '23

Do you apply the same lazy logic to other historical figures?

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u/KylerGreen Jan 13 '23

Only ones that are claimed to have literally risen from the dead.

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u/stamminator Jan 13 '23

You seem to be conflating the existence of a historical figure with the claims made about the historical figure.

Do you believe that Alexander the Great didn’t exist simply because he was considered divine?

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u/[deleted] Jan 13 '23

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u/[deleted] Jan 13 '23

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u/patrlim1 Jan 13 '23

Atheist

He was a real human being, he just wasn't "the Messiah"

A lot of the stories are likely fake or exaggerated.

But he WAS real.

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u/[deleted] Jan 13 '23

[deleted]

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u/patrlim1 Jan 13 '23

No primary sources.

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u/bimmerphile_ec Jan 13 '23

That is literally what we use to measure time, since the current year is based off Jesus’ supposed birth.

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u/Gramage Jan 13 '23

So, since we don't actually know if Jesus was born when we think he was, or if he even truly existed, how about we stop using such an arbitrary and likely incorrect marker and instead choose January 1st exactly 2023 years ago as the precise date and year we start our calendars at? We're keeping the same year number as the old religious measurement out of pure convenience, but it no longer has anything to do with religion. We've decided it has been 2023 years since 2023 years ago because everyone's used to those numbers.

I mean, if we found evidence that Jesus was actually born 40 years earlier than we thought, do we have to update our calendars? Lols.

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u/lilB0bbyTables Jan 13 '23

Estimations by scholars put Jesus’ birth at between 6 B.C. - 4 B.C. anyway, so the transition from B.C. to A.D. marker is not actually based on the birth of Christ marker. The A.D. acronym notation was created less out of any scientific basis for setting an epoch and more out of spite to remove Roman Emperor Diocletian from the pages of history.

At any rate … we already have an alternative way of referencing the timelines before and after that epoch which is to use BCE (Before Common Era) and ACE or more simply CE (Common Era).

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u/Gramage Jan 13 '23

Oh I'm aware lol. I honestly wouldn't mind hitting a big ol reset button and starting from Year Zero again, that could be fun. Jealous of my Jewish relatives though, for them it's 5783! Hence the futuristic space lasers I guess.

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u/takabrash Jan 13 '23

Don't want to lose out on that compound interest!

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u/large_moist_loaf Jan 13 '23

Redditor moment

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u/ViennettaLurker Jan 13 '23

Its crazy that the difference your discussing might be, what, billions? And in a way it kinda doesn't matter at that point. Crazy to think of a million as change that could get lost in the couch.

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u/deedoedee Jan 13 '23 edited Jan 13 '23

Your source doesn't mention the Alexamenos graffito at all, along with other close-to-contemporary sources of proof that, at the very least, a person named Jesus who was worshiped existed.

If you want to lose the battle of minds, start with omitting your opponent's most easily-accepted facts.

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u/[deleted] Jan 13 '23

[deleted]

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u/keeelay Jan 13 '23

You’re no better than the Christians for this one homie

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u/mungalo9 Jan 13 '23

Jesus existed

No matter how euphoric you are today, you should at least be able to admit that.

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u/Ecksplisit Jan 13 '23

Jesus exists. He’s hispanic and one of my good friends. The biblical Jesus might have existed. But even if he did he just did some slight of hand parlor tricks and paid people to write fantastical stories about him. The equivalent of if JK Rowling made the Harry Potter books about herself.

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u/ATmotoman Jan 13 '23

As a agnostic/atheist who also studies the Bible in an academic/historical sense, Jesus almost 100% for sure existed, this is pretty undisputed by all scholars. Also, historical Jesus did not pay anyone to write about him. The earliest synoptic gospels are written somewhere around 50-70CE so a good 20-40 years after Jesus’s death. Most accounts of Jesus and his life would’ve been transmitted orally prior to that, most likely being exaggerated. The book of John was the last gospel of Jesus written closer to 90CE and we see a different christiology, or understanding of who Jesus is perceived to be, in this later book.

In summary this is not equivalent of Harry Potter, fully fictional character, and is more akin to king Midas. Or better yet start with Jesus’s close counterpartApollonius of Tyana

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u/Wu-Tang_Cam Jan 14 '23

I think some people get hung up on whether some rabbi/preacher/whatever named Jesus existed and the divinity claims.

There's evidence for the existence, but it's separate from the divinity claims.

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u/fb95dd7063 Jan 13 '23

reddit moment

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u/kosen13 Jan 13 '23

Le epic Reddit moment

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u/lilB0bbyTables Jan 13 '23

How about $1M a day since the start of the Common Era (C.E.) is what you’re looking for

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u/doorknobman Jan 13 '23

I mean it’s just kinda dickish and unnecessary and I say that as an atheist lol

People like y’all don’t help the perception whatsoever

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u/Wu-Tang_Cam Jan 14 '23

It's just more accurate, IMO. When was Jesus born? It wasn't 0BCE/CE.

It works for "about 2k years", but you can always be more precise. It wasn't a dickish comment.

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u/commitpushdrink Jan 13 '23

Apple has insane comp. They outsource manufacturing to companies that don’t though.

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u/MattieShoes Jan 14 '23

Google says Apple has ~164,000 employees. So that'd be $6 a day to each employee...

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u/Dman5891 Jan 14 '23

Are those employees 2000 years old?

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u/MattieShoes Jan 14 '23

Do they earn a dollar an hour?

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u/bluseychris Jan 14 '23

Correction, you would have spent nothing.

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u/Genx-soontobeexdub Jan 14 '23

Is that true???

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u/Dman5891 Jan 14 '23

Do the math, it is absolutely insane how big that number is.

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u/[deleted] Jan 14 '23

What a strange way of saying that 2022 years is less than 750000 days

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u/reddorical Jan 14 '23

Not if it was a million in 1ad sheckles