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Originally Posted by wdmso
Yes Jim That 1000 dollars pays once a 30 cent raise pays over time
why is that a hard concept for you to understand  |
I understand the math, I explained it to you. What I don't understand, is that you're saying $1,000 to these employees is significant. But when Trumps tax cuts incentivized many companies to give employees $1,000 bonuses, NO ONE on the left said "boy that's great". They said it was "crumbs"
Here's what YOU don't understand. It's much better for the Apple employees to have an amazingly capable CEO, than it is for them to have an average CEO and $640 a year. If an average employee making $70k a year is putting money into their 401(k) and buying apple stock with it, their stock appreciates by the same exact percentage as each share of Tim Cooks stock.
Nobody has to work at Apple. People with tech skills are in huge demand. They can go elsewhere. But they don't, huge numbers of people want to work there.
It's the single largest company on the planet in terms of market cap, the company is valued at almost $3 trillion. Cook is doing an amazing, amazing job there. Every possible indication is that hes worth what they're paying him.
His compensation is nothing to that companys balance sheet, absolutely nothing.