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Does the argument meaningfully change if you replace the word "salary" with "compensation"? If not, please stop pretending that you made an interesting point.
by geofft 5y ago
Does the argument meaningfully change if you replace the word "salary" with "compensation"? If not, please stop pretending that you made an interesting point.
- Bud 5y agoYes, it actually does, because the value of his compensation, 98% or so of which is in stock, would be worth over 10 times less right now if it were not for Tim Cook's performance as CEO. That makes a rather big difference, in my view. It also changes the argument meaningfully in a second way: liquidity. Tim Cook can't just go sell all that stock right now, since that would cause a rather big panic and also rob him of a lot of its value. Which means he could not actually pay all those folks' salaries. Whether my point is "interesting" is up to you. Whether it's factual isn't. It's factual.
- ric2b 5y agoReally? What amazing things did Tim Cook do to single-handedly make the company 10x more valuable that another CEO wouldn't have?