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> except for senior management, which took a larger cut. There's your trouble -- even if a company would go the "pay cut" route now, there is no chance in a mi
by 98codes 4y ago
> except for senior management, which took a larger cut.
There's your trouble -- even if a company would go the "pay cut" route now, there is no chance in a million where the leadership at the top would ever agree to losing a single dime. If anything, it would be performative, with other payment options making up the difference.
- smugma 4y agoHyperbole. From a recent WaPo article: Apple chief executive Tim Cook has voluntarily taken a 40 percent pay cut for 2023, an unusual move that comes “in response to shareholder feedback,” according to the company's annual proxy statement. The decision puts Cook's target compensation at $49 million, down from $84 million in 2022.