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/[deleted] Jan 13 '23

[deleted]

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u/Crotean Jan 13 '23

Honestly for as much damn money as Apple makes thats actually not that egregious compared to a lot of CEOs who are making that as their corporations go bankrupt. Still an obscene amount of money.

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u/spooner248 Jan 13 '23

I was aboutta say. I wouldn’t have been surprised if it was in the hundred millions.

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u/TardOfAvon Jan 13 '23

Even a hundred million is a drop in the bucket for Apple.

In 2021 they averaged more than $1B/day in revenue

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u/[deleted] Jan 13 '23

Yep, apple is so rich they actually have a legitimate crisis in not being able to store all their money. They’ve had to spend massive amounts of money on the infrastructure they use to actually store all the money they have so it stays in their control

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u/nutyo Jan 13 '23

If they can eliminate their 'legitimate crisis' by paying their workers more and they aren't doing that, then they don't have a legitimate anything.

3

u/Lost-My-Mind- Jan 13 '23

Hey Apple, how about about you give me 50 million dollars. I'll store the 50 million dollars, and I'll charge you 1 million dollars per year to do so.

That being said, I'm not a bank. I'm just some guy who has a bed, and some space for a box under his bed.

But I'll totally keep your money safe!

(And that friends, is how you get paid 1 million dollars per year to do absolutely nothing.)

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u/Dubslack Jan 14 '23

You're thinking of Pablo Escobar.