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People are not paid based on what they need, they're paid based on value they provide (and other things, like how difficult they are to replace).
by MikeLumos 5y ago
People are not paid based on what they need, they're paid based on value they provide (and other things, like how difficult they are to replace).
- inetknght 5y ago> People are not paid based on what they need, they're paid based on value they provide If that were true then he'd be paid far less. Tim Cook does not provide value to Apple to the tune of billions of dollars. The people who work for Apple do. > how difficult they are to replace What would be difficult about replacing Tim Cook?
- ZephyrBlu 5y agoElsewhere in this post people have said that his compensation is 0.03% of Apple's market cap. It would not be hard to believe that Tim Cook's decisions had a larger impact than that on Apple's market cap because he has extremely high leverage as the CEO.