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Apple CEO Tim Cook's total pay drops to $63 million for 2023. (9to5mac.com)

submitted 8 months ago by [email protected] to c/[email protected]

48 comments fedilink hide all child comments

Apple CEO Tim Cook's total pay drops to $63 million for 2023.::Apple today published its annual proxy statement for investors, revealing a number of details about executive compensation, shareholder proposals, and more. Notably,...

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[–] [email protected] 109 points 8 months ago (5 children)

If you figure each engineer costs apple $250,000 a year, that’s the equivalent of 250 engineers. Could you imagine what apple could accomplish with 5 extra engineering departments? In what world is this one guy worth that much?

[–] [email protected] 36 points 8 months ago* (last edited 8 months ago)

Our world!

You know, the Clown World timeline!

[–] [email protected] 9 points 8 months ago* (last edited 8 months ago)

If we use our own criteria to evaluate Apple's success (and wage distribution), then it makes no sense from its very beginning. Just like with any company. EDIT: not started by us

[–] [email protected] 1 points 8 months ago

I'm pretty sure that you could use one of those departments to fully automate management. Just go full data-driven and tie salaries to revenue. The engineers can take it from there, they're plenty smart

[–] [email protected] -1 points 8 months ago (2 children)

In what world is this one guy worth that much?

Are you serious? He's worth way more than 63m, he's the best CEO of any company in recent memory. The growth of Apple under Tim Cook will be studied for a long time.

[–] [email protected] 0 points 8 months ago (1 children)

I got a picture of his ass in my wallet, if you just wanna kiss that.

[–] [email protected] -1 points 8 months ago

Not interested.

[–] [email protected] 0 points 8 months ago* (last edited 8 months ago) (1 children)

Obviously the best CEO of all time was VOC's CEO. Other CEOs are pale in comparison and should learn from his revolutionary leadership such as raising private army, monopolizing spice trades, divide-and-conquering local kingdoms, and burning local crops to control commodities price /s

[–] [email protected] -1 points 8 months ago

He's in for a shout for sure.

[+] [email protected] -18 points 8 months ago (2 children)

An engineer costs a lot more than that if they have health and life insurance and any other benefits through the company. Disclaimer - I don’t know if Apple employees have benefits.

[–] [email protected] 35 points 8 months ago* (last edited 8 months ago) (1 children)

Like, 10% more. Don't think that really changes the comparison.

[–] [email protected] 3 points 8 months ago* (last edited 8 months ago)

250k is probably below the average pay for an Apple engineer, not to mention other costs and benefits. ICT3 numbers (just above entry level SDE) are 230k and ICT4 are 340k. 500k isn't that difficult at the more competitive software companies located in tier 1 and 2 markets. But yes, CEOs and E levels make far too much for their impact.

[–] [email protected] 8 points 8 months ago* (last edited 8 months ago)

As an (mechanical) engineer, this is bullshit