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

[u/geoxol]

https://apnews.com/article/technology-apple-inc-tim-cook-business-d056553b10120c4a968b562cb7ece5d2

[u/CedarBuffalo]

Well. How do you like Tim Apples?

[u/No_Employment_129 → u/CedarBuffalo]

According to the article, the pay cut was advised partly based off his own recommendation.

It’s a 40% cut of his salary, which is $3m, so down to $1.8m. Still rich beyond anyone’s wildest dreams. AND, his stock options value is roughly $100m. And who knows how many other investments he has, which have nothing to do with this article.

Seems like a publicity stunt to me.

[u/[deleted] → u/No_Employment_129]

Even if it is a publicity stunt, if he uses that 3 million to give raises to his blue collar employees, it would still be a respected publicity stunt.

[u/[deleted] → u/[deleted]]

This would be awesome, but Apple has a history of not doing that.

[u/oboshoe → u/[deleted]]

If Apple took that $3m salary and gave it to all employees, that be $83 a year.

On the other hand, apple historically budged about $154 million a year on raises. That's before inflation took off.

What you think would be a great and wonderful raises, is 50 times less than what they normally get.

[u/Mountain_Housing_704 → u/oboshoe]

Not sure what your point is. By that logic, he could also just give himself another $3m raise at the expense of all the employees. After all, it's only $83 a year, right?

[u/oboshoe → u/Mountain_Housing_704]

this sub thread is implying he could $3 million could make a meaningful difference in e players salaries.

[u/[deleted] → u/[deleted]]

Yep. And that’s why it’s not respected.

[u/OrganicFun7030 → u/[deleted]]

Does Apple Pay particularly low wages and not give raises?

[u/[deleted] → u/OrganicFun7030]

To their engineers? No. To a lot of the rank and file workers? Yea. Especially their Apple Approved contract factories in China.