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/deloreanipsum Jan 14 '23 edited Jan 14 '23

He could take a 99% pay cut and still make more than me.

EDIT: He could take a 99.9% pay cut and still make more than me. Sad day.

EDIT: Crazy how many people support such gross wealth inequality. The sad truth is no one becomes a multi-millionaire without exploiting people. It was not “earned” honestly.

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u/PurpleContribution98 Jan 14 '23

He could take a 100% pay cut and still not have to worry about a lack of money

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u/Complete_Fill1413 Jan 14 '23

Yeah. Most of his income isn't from wages anyways

2

u/TacoThrash3r Jan 14 '23

Aren't we supposed to love our jobs regardless of pay?

2

u/Lemme_eat_your_pvssy Jan 14 '23 edited Jan 14 '23

Yeah, in a fantasy world that seldom happens in reality. 90% of the workforce hate their jobs, but do it anyway to avoid being homeless and hungry (I got tired of that bullshit and just chose homeless and hungry until I got permanent welfare, otherwise known as disability/retirement since I guess the gov't figures one would have to be mentally disabled to choose being homeless).

1

u/hellopomelo Jan 14 '23

we have to take this comment train to >100 percentages

40

u/zZempm Jan 14 '23

He could take a 99.99% salary cut to meet the US requirement of a middle class family of three (barely misses the upper middle class requirement)

3

u/TheHyperBull Jan 14 '23

Dumb take. Plenty of wealthy people have gotten there ethically. Too much of a blanket statement by saying no-one.

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u/deloreanipsum Jan 14 '23

Provide examples.

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u/TheHyperBull Jan 14 '23

Self grown blue collar contractors. I have a 29 year old friend I’ve grown up with from high school who has a concrete pumping business that now nets between 1-2 million a year in net profit. He pours foundation for houses and businesses. Started with 2 line pumps that can be towed with a basic pickup that are used to do driveways and small stuff. Have 2 25 year old friends who did the same with a roofing company that gets people roofs from storm damage for only the cost of their home insurance deductible. Netting a few million a year as well. Ethically what’s wrong with either of those? They started from virtually nothing learned skill sets and took advantage of no one along the way. Those are two prime examples

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u/deloreanipsum Jan 14 '23

Depends how much they pay their employees.

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u/TheHyperBull Jan 14 '23

They concrete company pays their employees very well. One of my nieces uncles works for the company and I’ve grown up with him where I live. The company has very few employees, boom pump drivers and line pump workman. One is much more skilled labor because it requires a CDL class b and one still pays 52k a year for honest labor and hard work. The roofing company has very few w-2 employees just office and operations and primarily has independent contractors as sales reps that generate business. All are paid well.

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u/deloreanipsum Jan 14 '23

And all the material they use is ethically sourced?

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u/TheHyperBull Jan 14 '23

If I tell you yes would you even believe me? That’s an honest question. Concrete is air water sand and gravel all of which are easily sourced in America and come from a local distributor. The roofing components come from Owens Corning which is a US company that invented fiber glass, which is a component of every standard asphalt roofing shingle your ever laid your eyes upon. You likely have them on your home. What’s the next question? My knowledge ends about there for the blue collar contracting supply chain for the two industries I just gave you very detailed examples of.

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u/TheHyperBull Jan 14 '23

If you truthfully think there is any logic behind your statement of all millionaires got there in an unethical way, if you’re broke now you’ll be broke forever. What about people who invented things that genuinely helped the world? Things that are cheap for consumers and changed lives, health, or hygiene forever? What about people who started a successful fine dining restaurant in their home town that employees 25-40 people and just serves excellent high quality meals that people love and appreciate? Your gonna try and fault those people too? That could be anyone, could be you too even.

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u/TheHyperBull Jan 14 '23

Don’t think so closed minded. You yourself could be much more than your limited thinking may believe. And you can get there in a way that doesn’t hurt but actually helps people.

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u/tired-kangaroo Jan 14 '23

Serious question - do you think he could provide and be 99% more valuable to a company generating profit than you? Sometimes I think (or want to believe) that’s why people make so much money… they are that more valuable than me. Thoughts? Or you just here to comment lol

3

u/Humistrata Jan 14 '23

I mean, to an extent. I sure as fuck could not run a Fortune 500 company. I can barely manage the job I have now. But a lot of those high level executives had money coming into it, they probably knew a lot of rich and powerful people to help them get where they are at.

So they might have the skills and connections to run a business like that, but 99.99% of people will never get the opportunities required to come into a position like CEO of Apple. Even if they are as smart or as capable as Tim Cook.

Meanwhile people like him get ungodly amounts of money to do whatever they want with. And there are shortages in so many essential career fields today. Nursing, Emergency Services, Education. Health insurance is ridiculously expensive every month, but we still have to pay a large sum to doctors, hospitals, and drug companies.

Most of us will never get to be anywhere close to him

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u/tired-kangaroo Jan 14 '23

I agree with you on this. I think it’s largely due to opportunity and then training. It would be interesting though to see the caliber of their work, compared to middle-class business dev... good insight.

2

u/DuncanIdahoPotatos Jan 14 '23

I expect my mechanic would perform 99% better fixing my car than the shoulder specialist I recently had to see for my injured shoulder. Not sure why I had to pay the doctor more.

2

u/tired-kangaroo Jan 14 '23

Shoulder mechanic

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u/DuncanIdahoPotatos Jan 14 '23

At this point, I’m ready to try. My shoulder still doesn’t work right.

1

u/pdoherty972 Jan 14 '23

He’d have to be more than 99% valuable - that wouldn’t even be double your value.

1

u/tired-kangaroo Jan 15 '23

You understand where this ship is sailing. Calm down pirate.

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u/iHate_tomatoes Jan 14 '23

Yeah i mean you aren't the ceo of the biggest company in the world so yeah.

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u/Wafercrackertack Jan 14 '23

People just can't understand that the world doesn't revolve around them. They'd throw the nuances of the world just to support their feelings.

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u/okmarshall Jan 14 '23

Seriously. Anyone who thinks they wouldn't take the money and live an amazing life is lying to themselves. Pure jealousy. A person shouldn't be expected to not earn loads of money if that's how their cards fall.

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u/XxHavanaHoneyxX Jan 14 '23

Not everyone is a selfish douch

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u/Consistent_Ad957 Jan 14 '23

I think this is an easy thing to say when you aren't incredibly successful

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u/RyanH0527 Jan 14 '23

As a new adult, I have been surprised by how many raises I can get and still be making "middle class income".

2

u/xringdingx Jan 14 '23

Sadder even, he makes other money, so a 100% paycut and he'd still make more than us in income from other sources.

1

u/human1469 Jan 14 '23

He deserves to be paid 200 mil if you account how much money apple is making. Love Tim Cook. Apple became a money printing machine under his leadership.

1

u/lol-ban-me Jan 14 '23

Boo-hoo. He runs an empire

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u/Sambo_the_Rambo Jan 14 '23

Exactly it’s so fucked up that people make that much money. At the end of the day the only fight that really matters is the rich vs everyone else and unfortunately the rich when every time. They are to blame for so many of the world’s problems.

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u/Rude_Bee_3315 Jan 14 '23

He still gets paid with stock to avoid income tax.

1

u/new-6reddit9 Jan 14 '23

Absolutely, what is this guy “Salary” ? 100 million?

1

u/Alarmed_Penalty4998 Jan 14 '23

Jerry Seinfeld, Terry Crews, Kevin Hart, Bruce Willis, Robin Williams to name a few multi-millionaires who gave back a lot to people, communities and charities. The first one him and his wife have given an extreme amount to charities.

You also have Buffet who wants to give away all of his money by the time he dies but that man has definitely taken advantage in his lifetime so I didn’t include him.

Edit: I believe what you mean is no business multi-millionaires. As there are plenty of hard working normal day to day people who’ve just been smart with their money and plenty of personalities like those listed above who’ve also contributed back to society.