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

submitted 10 months ago by L4s to c/technology

54 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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[–] Poayjay 108 points 10 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 10 months ago* (last edited 10 months ago)

Our world!

You know, the Clown World timeline!

[–] [email protected] 9 points 10 months ago* (last edited 10 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

[–] lung 1 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

[+] [email protected] -17 points 10 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.

[–] fluxion 35 points 10 months ago* (last edited 10 months ago) (1 children)

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

[–] abaddon 3 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 8 points 10 months ago* (last edited 10 months ago)

As an (mechanical) engineer, this is bullshit