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Tim, despite heading one of the top performing publicly traded companies has taken a pay cut to somewhere between 80th-90th percentile of "their peers". But thi
by EligibleDecoy 4y ago
Tim, despite heading one of the top performing publicly traded companies has taken a pay cut to somewhere between 80th-90th percentile of "their peers". But this does not seem as impressive knowing only 64% of shareholders supported his 2021 compensation (compared to 95% in 2020). Looks like Alpahabet is cutting exec compensation as well.
But hey, I mean as far as gestures go, this at least in line with "taking responsibility" for company performance. Better than not taking one, I suppose.
- ripvanwinkle 4y agoIf this happens at more companies, eventually the entire field will come down meaningfully so that the compensation at the 80th percentile might become the 90th percentile over time
- jjeaff 4y agoApple hasn't had big layoffs yet. My guess is that this is a PR move preceding a layoff announcement soon to come.