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

Technology@lemmy.world – 212 points – 11 months ago

Apple CEO Tim Cook's total pay drops to $63 million for 2023 - 9to5Mac

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,...

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

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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.

* already paid for shit

True. I grew up in the Netherlands where things are similar but now live in New Zealand. The highest tax bracket in NZ is the lowest tax bracket in the Netherlands.

It will be very difficult for me to go back and pay huge taxes again, knowing that despite the taxes healthcare isn't free there and corporations getting so many tax incentives. it feels like the burden is unfairly placed on individuals.

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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

Is Tim Apple going to be okay?

On no, poor man, how he can survive on this small Salaray which is more money than all of us in the comments will collectively see in our life in this miserably dystopia.

My cold dead heart goes out to the reptile.

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.