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So why did Tim Cook take a 40% pay cut?
by eyphka 4y ago
So why did Tim Cook take a 40% pay cut?
- LewisVerstappen 4y agoWhich is completely absurd if you bother doing 20 seconds of math? The reason Apple didn't do a mass layoff is because they didn't overhire during 2021/2022. Like most articles from the LA Times, this seems like complete BS as usual.
- buildbot 4y ago35 million in cut pay is at 300K per worker, ~116 people. That's 0.07%, which while not 5%, certainly is not nothing.
- andsoitis 4y agoThis should give you some insight: https://www.bloomberg.com/news/articles/2023-01-28/goldman-morgan-stanley-ceos-take-pay-cuts-as-others-get-raise-despite-layoffs https://www.bloomberg.com/news/articles/2023-01-28/goldman-m...
- eyphka 4y agoApple hasn't done mass layoffs I don't think?