Apple CEO Tim Cook's total pay drops to $63 million for 2023.
9to5mac.com
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,...
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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