Apple CEO Tim Cook's total pay drops to $63 million for 2023.
Apple CEO Tim Cook's total pay drops to $63 million for 2023.::Apple today published its annual proxy statement for investors, revealing a number of details about executive compensation, shareholder proposals, and more. Notably,...
https://9to5mac.com/2024/01/11/tim-cook-total-pay-compensation-2023/Open linkView original on lemmy.world215
Comments51
If you figure each engineer costs apple $250,000 a year, that’s the equivalent of 250 engineers. Could you imagine what apple could accomplish with 5 extra engineering departments? In what world is this one guy worth that much?
Our world!
You know, the Clown World timeline!
If we use our own criteria to evaluate Apple's success (and wage distribution), then it makes no sense from its very beginning. Just like with any company. EDIT: not started by us
I'm pretty sure that you could use one of those departments to fully automate management. Just go full data-driven and tie salaries to revenue. The engineers can take it from there, they're plenty smart
An engineer costs a lot more than that if they have health and life insurance and any other benefits through the company. Disclaimer - I don’t know if Apple employees have benefits.
Like, 10% more. Don't think that really changes the comparison.
250k is probably below the average pay for an Apple engineer, not to mention other costs and benefits. ICT3 numbers (just above entry level SDE) are 230k and ICT4 are 340k. 500k isn't that difficult at the more competitive software companies located in tier 1 and 2 markets. But yes, CEOs and E levels make far too much for their impact.
As an (mechanical) engineer, this is bullshit
Are you serious? He's worth way more than 63m, he's the best CEO of any company in recent memory. The growth of Apple under Tim Cook will be studied for a long time.
I got a picture of his ass in my wallet, if you just wanna kiss that.
Why do you have a picture of his ass in your wallet though?
never you mind sir!
I assume to be able to make jokes like this without being a filthy, dirty liar!
Not interested.
he won't see this
Obviously the best CEO of all time was VOC's CEO. Other CEOs are pale in comparison and should learn from his revolutionary leadership such as raising private army, monopolizing spice trades, divide-and-conquering local kingdoms, and burning local crops to control commodities price /s
He's in for a shout for sure.
https://ycharts.com/companies/AAPL/market_cap
He took over 8 years before the start of this graph.
https://youtu.be/xW-rzzSFWuU?si=j22vUGbON5eNhr4S&t=151
Here is an alternative Piped link(s):
https://piped.video/xW-rzzSFWuU?si=j22vUGbON5eNhr4S&t=151
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
Poor bastard. It's going to be a challenge living on an eight digit salary, making more in half a day than I do in a year...
a year? i don't make that much in 10!
i could live a whole long life with what this guy makes in a week.
You make less than 9k a year? Are you a teenager, or living in a low cost country?
I tend to exaggerate, but my actual income is just under €12,000 a year. Adult german but can't work full time for health reasons. But even with a average income here you would rarely go over 25.000€, which is still a joke in comparison what this guy makes.
The average annual wage in Germany is 45k
thats gross salary. i mean net salary.
Holy shit you guys pay a lot of taxes.
yeah, but to be fair, we get a lot of free shit for it.
Here's the summary for the wikipedia article you mentioned in your comment:
This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers. The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. Thus, the median figures provided further below might be more representative than averages. These figures will shrink after income tax is applied. In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies. In some countries, social security, contributions for pensions, public schools, and health are included in these taxes.^article^ ^|^ ^about^
That poor, poor man. My heart goes out to him.
He's about to quit Netflix and avocado toasts SMH
Poor guy. Better start a gofundme right now.
You could buy an Apple branded polishing cloth. Pretty much the same as a donation.
I would but I'm afraid my android phone is not on the list of compatible devices 😞
I bet he still tastes great with some BBQ sauce on. Eat that fat cunt.
Would it even be cannibalism? I'm pretty sure all the billionaires are some form of reptiles.
Oh no, how will he live? He better pull himself up by the bootstraps and stop eating avocado toast.
Eat the rich!
Better cut down on the avos then
Pffft, look at this loser over here, only making $63 million. Maybe he'll have to start cutting back on the avocado toast to make ends meet now.
That's why we don't see him wearing a vision pro. The poor guy can't afford it.
Someone make him a gofundme
This guys message history though
Thots and preggers
waaay less of a drop than apple's prestige and UX quality since jobs
He's almost too poor for having a private army now.
Oh no
He is so cool like jobs. He was able to give one dollar extra to 63million of his employees. So generous!
No wait that's 161,000 employees so that's $391 dollars each!
At my work, they gave us 500 bucks each plus a couple of days off. That guy, what a fuckin clown 🤡.