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> Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023. Why does the G

> Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023. Why does the GC make this much? That's 27K billable hours at $1K/hr. Is it because she knows where the bodies are burried?

bob1029 3y ago
> Why does the GC make this much? Probably due to the vast scope of responsibilities and ramifications if something goes wrong? I can't imagine that being in charge of all of Apple's legal concerns is a walk in the park.
zht 3y ago
they also need someone to resign and take responsibility if something goes to shit
- tonyedgecombe 3y ago
  I could do that for a lot less than $27 million.
  - MichaelZuo 3y ago
    You need to be someone with a lot more credibility and a lot more pull in the first place for that to even be offered.
jasonjmcghee 3y ago
Doesn’t seem crazy unreasonable to think compensation for executives with that kind of impact on the company to take home some very small percentage of the worth of the company as take home pay. If they were general counsel of a $1B company and made $270k, no one would comment on it. The company is 1000x more valuable and much more likely to be involved in litigation. Would $1M/yr at a $10B company make sense, $5M? What about a $100B company? How many of those are there? Apple is a $1T company. That’s an insane size. Very difficult to easily reason about. How much per year do you think Elon Musk pays his personal counsel? Bill Gates? You might be surprised…
- paulryanrogers 3y ago
  Is 1T their current worth of their market cap?
summerlight 3y ago
https://www.apple.com/leadership/katherine-adams/ https://www.apple.com/leadership/katherine-adams/ "General" in the word "General Counsel" doesn't mean it's doing generic daily legal works. It means very similar to the one in "General Manager", which is a common title for SVP in that they're in charge for everything in their area. It's very close to C-suite for the legal department.
yoyopa 3y ago
it's because she has a degree in comparative literature so she's fun at parties

bob1029 3y ago

> Why does the GC make this much? Probably due to the vast scope of responsibilities and ramifications if something goes wrong? I can't imagine that being in charge of all of Apple's legal concerns is a walk in the park.

zht 3y ago

they also need someone to resign and take responsibility if something goes to shit

tonyedgecombe 3y ago
I could do that for a lot less than $27 million.
- MichaelZuo 3y ago
  You need to be someone with a lot more credibility and a lot more pull in the first place for that to even be offered.

jasonjmcghee 3y ago

Doesn’t seem crazy unreasonable to think compensation for executives with that kind of impact on the company to take home some very small percentage of the worth of the company as take home pay. If they were general counsel of a $1B company and made $270k, no one would comment on it. The company is 1000x more valuable and much more likely to be involved in litigation. Would $1M/yr at a $10B company make sense, $5M? What about a $100B company? How many of those are there? Apple is a $1T company. That’s an insane size. Very difficult to easily reason about. How much per year do you think Elon Musk pays his personal counsel? Bill Gates? You might be surprised…

paulryanrogers 3y ago
Is 1T their current worth of their market cap?

summerlight 3y ago

https://www.apple.com/leadership/katherine-adams/ https://www.apple.com/leadership/katherine-adams/ "General" in the word "General Counsel" doesn't mean it's doing generic daily legal works. It means very similar to the one in "General Manager", which is a common title for SVP in that they're in charge for everything in their area. It's very close to C-suite for the legal department.

yoyopa 3y ago

it's because she has a degree in comparative literature so she's fun at parties