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/Anxiet Jan 13 '23 edited Jan 13 '23

As he should. Other CEOs should follow the same path. When the company does well you get a chunk. When it does bad you get a cut. You don’t trickle down till last resort as those under you get crumbs when it’s doing well.

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u/Konradleijon Jan 13 '23

It happens a lot in Japan. Where CEOs feel like company performance is their fault

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u/Anxiet Jan 13 '23

In the end, that’s what being a CEO is. You are the driver, you make decisions and corrections. If you fail to do so or make the wrong ones… it’s on you.

America is just using corporations as modern day fiefdoms.

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u/Konradleijon Jan 13 '23

Satou Iwata CEO of Nintendo famously slashed his salary when the Wii U wasn’t doing well.

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u/Anxiet Jan 13 '23

I recall this. They also manage their money extremely well. Their treasury has a back stop of funding that carry them through hard times, while their C level employees put the company first and them selves.