4 ms·
It's not like him halving his compensation makes any material difference in the ability of the company to avoid layoffs.
by changoplatanero 4y ago
It's not like him halving his compensation makes any material difference in the ability of the company to avoid layoffs.
- Paraesthetic 4y agoIt's a PR stunt. Get shareholders and the public talking about 'oh poor CEO he lost a few of the many many millions he earns a year'
- ipaddr 4y agoAn expensive one and probably least successful as many haven't heard the news.
- colineartheta 4y agoI can’t find a single instance of this being said about his pay cut in the media. If you could support this claim, it’d be appreciated. Also, as an Apple shareholder, that’s definitely not my reaction to the pay cut.
- berniedurfee 4y agoNor any material impact to his day to day life. Having half a zillion dollars in the bank ain’t much different from a full zillion.
- andsoitis 4y agoSo given your and the parent’s comment, the reduction of his pay has no meaningful impact other that image/publicity.
- berniedurfee 4y agoCorrect
- danaris 4y agoAnd yet, it's still better than all the other big tech companies, that cut thousands of jobs and did not reduce executive pay in any way. If cutting the CEO's compensation lets them keep even one regular employee who would otherwise have been laid off, then that's made the world a materially better place, if only for that employee and their family.