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

81% Upvoted

3.9k comments sorted by

View all comments

Show parent comments

807

u/skubasteevo Jan 14 '23

How will he survive?! Have you seen the price of eggs?!

271

u/shaman_of_ramen Jan 14 '23

"It's one banana, Michael. What could it cost, ten dollars?"

112

u/Past_Paint_225 Jan 14 '23

I'm wondering how long it would take until a banana actually costs $10 and this joke stops being funny

10

u/DumbDumbCaneOwner Jan 14 '23 edited Jan 14 '23

At 3% inflation, would be about 130 years.

$10/$0.20 = 50x

1.03130 = ~47

Edit: I guess and checked this. I think you need to use logarithms lol to actually solve 1.03x = 50. Too hungover.

11

u/qlz19 Jan 14 '23

Now do the math with the actual rates of inflation. It’ll take a lot less time than that. Wasn’t it like 7-8 points last year?

5

u/DumbDumbCaneOwner Jan 14 '23

But that won’t continue forever

7

u/qlz19 Jan 14 '23

Says who? It’s still getting worse, isn’t it?

1

u/pdoherty972 Jan 14 '23

No it isn’t getting worse. Inflation month-over-month numbers have been at target rates the last five months in a row.

0

u/qlz19 Jan 15 '23

Who’s target rates? “Target rates” means nothing.

2

u/pdoherty972 Jan 15 '23 edited Jan 27 '23

The Fed’s target for inflation is around 2%.

The last six month’s MoM numbers are 0.0%, 0.1%, 0.4%, 0.4%, 0.1%, and -0.1%. Those annualize to well below 2%, meaning inflation has already been tamed. The rest is just waiting for the other 6 months numbers from before the Fed raised interest rates to fall off of the 12 month number.

1

u/3CCExpand Jan 15 '23

No, it means something. When you don't know a thing, that's not the same as a thing having no meaning.

1

u/Pyjama_Llama_Karma Jan 14 '23

Remind me 1month lol.

41

u/Kiwifruitsalad777 Jan 14 '23

There’s always money in the banana stand.

9

u/Aidandrums Jan 14 '23

Not if Apple has anything to say about it.

0

u/[deleted] Jan 14 '23

A-wop-bop-a-loo-mop-a-lop-bam-boom!

2

u/LOA503 Jan 14 '23

Best answer ever.

4

u/spacepeenuts Jan 14 '23

We are not too far from Bill Gates dystopian prices

1

u/Square_Salary_4014 Jan 14 '23

Wasn't it 5 dollars ?

1

u/1Th3Gentl3man Jan 24 '23

Come to Canada, bananas are the only things which are still cheap in grocery stores

4

u/Prmourkidz Jan 14 '23

This was funny and I lol’ed. thank you for this

9

u/skubasteevo Jan 14 '23

You're welcome! That will be $4 million please. I used to charge $6 million but I humbly took a pay cut.

2

u/major_slackher Jan 14 '23

have you seen the price of apples?

1

u/jimmycarr1 Jan 14 '23

I'll offer him a dozen eggs for his one Apple

1

u/brave_the_run Jan 14 '23

What's a cup of coffee go for these days? $50?

1

u/skubasteevo Jan 14 '23

You're not far off

1

u/GINJAWHO Jan 14 '23

Now he can’t afford his gold planted jet and will have to settle for a silver jet. Such a shame

1

u/GrandMasterMara Jan 14 '23

"are they like $300 dollars each? I really dont know, here in my ivory tower, my maids do all the shopping" - Tim Apple prolly.

1

u/Blurgas Jan 14 '23

He'll be forever doomed to a life of only semi-luxury

1

u/Foxicious_ Jan 14 '23

No more avacado on toast for him!

1

u/BrendanAS Jan 14 '23

Poor Tim Apple

1

u/Pale_Ad1338 Jan 14 '23

You can get eggs? Bragging again 🙄

1

u/[deleted] Jan 14 '23

What eggs? We're bare shelves where I'm at still..