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Don't step over dollars to chase pennies. If we were to filter people by their previous experience on running a 2.8t dollar company, or growing a company to 2.8
by mucle6 5y ago
Don't step over dollars to chase pennies. If we were to filter people by their previous experience on running a 2.8t dollar company, or growing a company to 2.8t dollars, then Tim Cook is the only person that qualifies.
Apple made 94.68 billion while paying Tim Cook 98 million. They paid him 1/1000th of their profit. If Apple knew someone else could do 10% better than him, they would very gladly replace him and could even pay his replacement ten times more. Ten percent more of 94 billion would be 9.4 billion, while the replacement would make 1 billion.
I don't know if you are a software developer, but often they will look "up" at people making more than them and claim that they make too much, without looking around understanding that no company pays new grads $200k out of the kindness of their heart. The answer to why anyone makes as much as they do is simply because the market allows them to capture that much of the value they create. Emotions and comparisons are not relevant.