r/technology • u/geoxol • Jan 13 '23 • Helpful (Pro) 1 Bravo! 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/royhaven Jan 13 '23 • Gold Take My Energy Eureka!

You really can't make people happy on reddit.

Company has a RIF and reddit's reaction is "shouldn't the CEO look at cutting his own salary?"

CEO cuts his own salary and reddit's reaction is "He's still getting paid too much".

This article wasn't aimed at making you feel sorry for Tim Cook. It was simply pointing out what happened.

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u/SarkHD Jan 13 '23 • Gold

Those things can both be true in the same time though.

Yes he cut his own salary, and yes he is still making more than anyone would ever need. It makes 0 difference for him financially, yet the $40 million he cut from his compensation package would be a life changing amount if broken up between 100 or hell even 1000 people.

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u/kent_eh Jan 13 '23

yet the $40 million he cut from his compensation package would be a life changing amount if broken up between 100 or hell even 1000 people.

How much of a difference will it make to the income of the shareholders who voted for it?

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u/charklaser Jan 13 '23

The value is 0.25 cents per share.

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u/vaxul Jan 13 '23

And a bad leader can destroy atleast 50% of the stock price in seconds. I hate Tim Cook though. That formula 1 flag waving was horrendous.

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u/Ausgezeichnet87 Jan 14 '23

Musk is destroying twitter so I suppose that checks out