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submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] Poayjay@lemmy.world 110 points 10 months ago

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?

[-] vexikron@lemmy.zip 39 points 10 months ago* (last edited 10 months ago)

Our world!

You know, the Clown World timeline!

[-] sugarfree@lemmy.world 14 points 10 months ago

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.

[-] nullPointer@programming.dev 33 points 10 months ago

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

[-] scottyjoe9@sh.itjust.works 15 points 10 months ago

Why do you have a picture of his ass in your wallet though?

[-] nullPointer@programming.dev 7 points 10 months ago

never you mind sir!

[-] reev@sh.itjust.works 5 points 10 months ago

I assume to be able to make jokes like this without being a filthy, dirty liar!

[-] sugarfree@lemmy.world 3 points 10 months ago

Not interested.

[-] redcalcium@lemmy.institute 8 points 10 months ago* (last edited 10 months ago)

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

[-] sugarfree@lemmy.world 2 points 10 months ago

He's in for a shout for sure.

[-] noodlejetski@lemm.ee 8 points 10 months ago

he won't see this

[-] the_q@lemmy.world 3 points 10 months ago
[-] sugarfree@lemmy.world 3 points 10 months ago
[-] the_q@lemmy.world 12 points 10 months ago

So because the company is doing well it's because of this one person's leadership? That makes him great?

[-] sugarfree@lemmy.world 3 points 10 months ago
[-] the_q@lemmy.world 7 points 10 months ago
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[-] YurkshireLad@lemmy.ca 10 points 10 months ago

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.

[-] fluxion@lemmy.world 37 points 10 months ago* (last edited 10 months ago)

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

[-] abaddon@lemmy.world 4 points 10 months ago* (last edited 10 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.

[-] HootinNHollerin@lemmy.world 9 points 10 months ago* (last edited 10 months ago)

As an (mechanical) engineer, this is bullshit

[-] lung@lemmy.world 3 points 10 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

this post was submitted on 12 Jan 2024
222 points (100.0% liked)

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