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> Chief Executive Tim Cook's pay in 2021 was 1,447 times that of the average Apple employee, a company filing on Jan. 7 showed, fuelled by stock awards that hel
by ed25519FUUU 5y ago
> Chief Executive Tim Cook's pay in 2021 was 1,447 times that of the average Apple employee, a company filing on Jan. 7 showed, fuelled by stock awards that helped him earn a total of $98.7 million.
They measure the average salary for such a large company? This number seems absolutely pointless to me.
- gsnedders 5y agoIn many countries, total payroll expenditure and total number of employees are both matters of public record. It's often the only figure that's publicly available.
- s1artibartfast 5y agoSome places require reporting it by law so politicians can trot out these ratios.
- onphonenow 5y agoMy question is always exactly how they measure these for stock awards. Elon did some deal that if he pumped Tesla stock up to what seemed to be unbelievable at the time heights and other what seemed like impossible goals he'd make major bank. The target was taking tesla from something like $69B market cap to $650B market cap - he did that and got it to 800B+. So, is his pay valued at the value when he cashes in / gets his bonus, or the value of the bonus at the time of award (much much lower).