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
39.1k Upvotes

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5.0k

u/SLAV33 Jan 13 '23

If this happened instead of them laying off 100's or 1000's of employees good on him and Apple.

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u/WestPastEast Jan 13 '23 edited Jan 13 '23

No it’s more indicative of performance based salary and him taking accountability. He’s demonstrating that if the company is not reaching its goals then the CEO shouldn’t be getting huge bonuses.

It may not be benevolent but it’s definitely the right signal to send in a downturning market.

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u/SLAV33 Jan 13 '23

Even if it's just accountability it's still better than a lot of others.

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u/immaownyou Jan 13 '23

CEOs have been getting undeserved raises for decades over people that actually do things, it's about time

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u/Staav Jan 13 '23

Yep and that's how we got to the state of the world we're in today (in Amurica at least)

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u/McFluffy_Butts Jan 14 '23

100% agree. They’re pay and bonuses are out of control.

In the company I work for, in 2019 our CEO took home 1.5mil not including stock/options that stuff. Just take home was 1.5mil. In 2020 … 2.5mil. In 2021 it was about 4mil.

Tell how anyone’s salary can more than DOUBLE in few years at the same position?

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u/HattyFlanagan Jan 14 '23

Also, considering CEOs don't actually do any work. It's like having 1 meeting a day and the rest is all lunches and being catered to.

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u/SoBitterAboutButtons Jan 14 '23

Gonna need a source on this. Cause they def don't do hard labor, but you are extremely exaggerating

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u/immortal_nihilist Jan 14 '23

Wow, I can see why people think Redditors are dumb.

0

u/tizzy62 Jan 14 '23

More like redditors think all CEOs are Elon Musk

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u/magic1623 Jan 14 '23

In the early day’s Musk did a lot of work at Tesla. He’s an egotistical edgelord now, but in the past even the founders of Tesla who don’t like Musk have said he did a ton of stuff.

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u/Necessary_Quarter_59 Jan 14 '23

Think is your brain when you’re terminally on Reddit

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u/HattyFlanagan Jan 14 '23

You must really love Elon

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u/Necessary_Quarter_59 Jan 15 '23

I hate Elon Musk but nice assumption. Also the world exists outside of Reddit.

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u/HattyFlanagan Jan 15 '23

Then you should understand how unnecessary a CEO is to a business. Also, you are on Reddit and had to dig through comments to see mine. Try not to get so bent when someone offends your precious corporate overlords.

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u/plippityploppitypoop Jan 13 '23

You know there’s also somebody who doesn’t understand your job who thinks you don’t actually do things, right?

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u/immaownyou Jan 13 '23

The amount that they do is severely inflated with their salary. They'll often hold multiple C** positions at the same time, how hard must their job be if that's possible?

Your statement would be valid in any other field, but this. In 2020 CEOs earned 351 times more than the typical worker. Do they work 351 times harder than everyone else?

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u/acemptote Jan 13 '23

Difficulty in performing a job may be related to time. And it often is.

But difficulty in performing a job may also be related to accuracy. If a garbage man gets it wrong, the stakes are pretty low. If a doctor gets it wrong, that could mean someone dies. If a CEO gets it wrong l, that could mean thousands of people lose their livelihood.

If a person is able to genuinely serve multiple C-level roles, that could signal that this person has an extremely rare and useful combination of domain expertise, business acumen, and ability to process information from staff members. Just because each role may only take 15 hours a week doesn’t mean it’s easy or not valuable.

Now is that the case in practice? I have no idea. Is it the case that many people actually do hold multiple c-level positions, I kind of doubt it. But the principle above is still useful to consider.

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u/bustrpoindextr Jan 13 '23

If a CEO gets it wrong l, that could mean thousands of people lose their livelihood.

Eh, CEOs get it wrong a lot and it only seems to matter to a real degree during recessions...

A perfect CEO is a CEO that needs to do nothing because they've appointed the correct people in the appropriate positions.

There's never a perfect CEO, but a good CEO is going to still do very little other than inspirational speeches and lingo bingo at other CEOs for partnerships. I'm not kidding. That's why you can drag and drop CEOs from one business type to another because they don't actually need to know what's happening, they need to know leadership and how to appoint appropriate people to appropriate positions.

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u/plippityploppitypoop Jan 13 '23

You think pay is defined by how hard you work?

And how common do you think it is for a CEO to hold multiple C-level positions at the same time?

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u/29Hz Jan 13 '23

Does a doctor work 20x harder than a burger cook? You’re paid based on the value you deliver, not how hard you work.

For the record, I disagree with CEO pay structures and think a lot of them are overpaid. But there is a reason they make orders of magnitude more than others. Nothing wrecks a big corporation faster than incompetent leadership.

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u/AgreeableFeed9995 Jan 13 '23

Uhhhh yes, doctors work way fucking harder than a burger cook. You wanna be a doctor? you’ve got pre-med work, then years of med school, then years of residency, and then every day someone’s health, if not life is literally in your hands.

Then go flip a burger when it’s brown on one side and don’t forget to take it off when the other side is brown and tell me which activity takes more work. What a dumb thing to say. Like so so so so so dumb.

You know what else pays better than flipping burgers? Construction. Because it’s harder work. So dumb.

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u/29Hz Jan 14 '23

You chose your words carefully. They work way fucking harder, but not 20x harder. Do you see how ridiculous it is to numerically compare how hard people are working? That’s the point I was trying to make.

Doctors don’t get paid primarily based on how hard they work. They get paid because they worked hard in the past to acquire advanced knowledge that no one else has. CEO’s usually work their way up the ladder and are experts in their industry.

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u/AgreeableFeed9995 Jan 14 '23

You’re doing the same tho because that underplays the amount of work active doctors do in their day to day.

But yeah, literally trying to quantifying it to 20X would be pretty stupid lol I agree. That’s why I took “20x” as an exaggeration akin to, say, “way fucking more” lmao 20x harder = way fucking harder. That’s the same thing.

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u/Necessary_Quarter_59 Jan 14 '23

I’m not the guy you’re replying to so let’s forget that analogy altogether. But do you actually believe that people should be paid based on how hard they work over how valuable their work is?

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u/truth2028 Feb 05 '23

Oh my negative 5 . Who hurt you

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u/SheepD0g Jan 13 '23

You sound like you’ve never been remotely close to doing any of the three jobs you mentioned

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u/immaownyou Jan 13 '23

What wasnt accurate about what he said lol? I've been 2 out of 3 and it's very accurate. I'm pretty sure a doctor is a lot more work than the other 2 too

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u/capontransfix Jan 14 '23

Are we confusing responsibility with work?

Blue-collar jobs, in my experience, are often much more emotionally and physically taxing than white collar ones. I made two times as much as a manager and it was half as difficult as the frontline work. But i was on call 24/7. The work was easier but the responsibility was far greater.

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u/AgreeableFeed9995 Jan 14 '23

Have you ever looked a parent in the eye and had to explain just exactly how vicious their 3 year old’s cancer is and that there’s nothing you can do to save her from dying, simply easing the pain until it happens? And then having to be the one that makes the call, “that’s the final heartbeat, time of death xxx”?

Emotionally taxing? I know it’s not being yelled at by your manager for not moving fast enough, but like…

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u/AgreeableFeed9995 Jan 14 '23

Lmao I used to be a line cook for 8 years. The amount of people I have worked with of whom I questioned whether they were mentally capable of working with hot surfaces is staggering. I worked with a guy who dropped his ring in the fryer. So he reached in to grab it. It happened like a decade before I worked in that restaurant, but his entire right arm was fucked up.

That’s a ridiculous example that sounds fake, I get it, but on a more regular level, cooks can throw shit down on a grill, walk away entirely and hit a blunt 4-5 times before returning to flip it, then go back to finish up that blunt while the servers get the plates ready.

Being a burger cook takes zero understanding of food safety. It takes minimal training, maybe 2 shifts? If you’re one of the stupid ones who doesn’t come in already knowing how to cook a burger. Otherwise the training is mostly food safety and how the restaurant works, not how to cook the burger, because it’s so simple it requires almost zero work.

Are you under the impression that when you go to the doctors and tell a nurse what’s wrong, when she leaves you alone in the office to get the doctor, she and the doctor are just scrolling WebMD trying to find you a match?

Do you really completely disregard the amount of work it takes to learn, memorize, and retain all the knowledge a doctor needs to diagnose? Let alone the work it takes to figure it out from a moron like you who thinks they don’t even need to be there cuz you already googled your symptoms and decided you have cancer and you’re ready for the prescription?

Can we try this route?: can you explain what work you think goes into being a burger cook? Maybe then I can start to understand your perspective, but considering McDonald’s has nearly automated the entire process, I’m really not seeing where you’re coming from.

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u/alexjuuhh Jan 13 '23

How's that boot taste?

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u/Necessary_Quarter_59 Jan 14 '23

Is this the go to comment you guys make whenever a discussion is beyond your economic understanding?

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u/magic1623 Jan 14 '23

Always. Either that or something sexually violent.

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u/alexjuuhh Jan 14 '23

I understand the discussion.

What I don't understand is why people feel the need to defend billionaire CEOs on the internet. Musk, Cook, Buffett, Zuckerberg, Bloomberg, etc., these people DO NOT need defending. It's not like they'll ever see you defending them, you're never going to get anything out of it, so why bother?

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u/plippityploppitypoop Jan 14 '23

Now THIS is a strawman.

This is the comment you responded to: “You know there’s also somebody who doesn’t understand your job who thinks you don’t actually do things, right?”

Where does it mention, let alone defend, Musk, Buffet, Cook, etc?

You don’t understand the discussion but instead of trying to, you write something childish about licking boots.

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u/0nikzin Jan 14 '23

C suite employees don't work 10+ (let alone 300+) times harder than rank and file

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u/plippityploppitypoop Jan 14 '23

You get paid based on how hard you work?

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u/0nikzin Jan 14 '23

No, but only because it has been impossible so far to make a fair labour system

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u/plippityploppitypoop Jan 14 '23

Why is pay based on effort fair?

If you work super hard to move bricks by hand and I work less hard but move more bricks using a wheelbarrow, you think it would be fair for you to get paid more than me?

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u/0nikzin Jan 14 '23

If you don't just go with the first strawman you made up, you will also agree that pay is unfair in its current form. In a random 80-people software development company, if you fire 5 people with "officer" in the job title there wouldn't be any significant changes in the company (it would be managed a lot worse but nothing will really change in their software product), but if you fire 5 people with "developer" in the job title the whole company will grind to a standstill in no time - so why do the first 5 get twice the salaries of the second 5?

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u/plippityploppitypoop Jan 14 '23

How is my question a strawman? It is an honest, simple example of effort based pay.

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u/SamGray94 Jan 13 '23

The commenter you're replying to doesn't make $100 million in one year, either.

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u/plippityploppitypoop Jan 13 '23

Ah, that’s the line? Who sets it, you?

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u/jdsekula Jan 13 '23

Yep, it’s crazy how rare it is these days. So many CEOs have the boards in their pocket.

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u/MilkChugg Jan 14 '23

Other companies “taking accountability” means laying a bunch of people off who had nothing to do with the downturn of the company.