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/this-my-5th-account Jan 13 '23 • Masterpiece

He's still earning more in a year than any of us will ever see in a lifetime.

I'm sure he'll survive.

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u/__Hello_my_name_is__ Jan 13 '23

He is a billionaire. He could earn exactly zero dollars and he would make more in interest than you ever will.

Hell, he could pay his current salary every year and he wouldn't even notice.

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u/[deleted] Jan 13 '23

The median lifetime earnings is less than $4m.

He would earn that interest in a matter of a week or so.

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u/darkhoogan Jan 13 '23

Its even worse when you look at the whole planet and not just america. Worldwide the median yearly income is $1000-2000 (depending on methodology, I saw several conflicting figures).

Say you took the higher number and that you worked for 50 years. The median person will probably only earn $100,000 in their whole life.