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

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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/Iredditfromwork Jan 13 '23

I’m curious about the delta between him and the average salary at Apple and how that compares to the rest of the industry.

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u/PHATsakk43 Jan 14 '23

I live in Raleigh, and the announced average salary for the Apple location that is being built here is $190k/yr.

That’s significantly above the average even in an area that has fairly high salaries for the southeast.

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u/Iredditfromwork Jan 14 '23

Exactly. I’m willing to bet that Tim Apple’s relative comp package is far smaller than most CEOs.

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u/PHATsakk43 Jan 14 '23

On the surface it looks like it is less than my company’s CEO (I’m in the regulated utilities sector.)