Re:Tim Cook Faces Surprising Employee Unrest at Apple
by geofft on Saturday September 18, 2021 @10:01AM
(#28576344)
Does the argument meaningfully change if you replace the word "salary" with "compensation"? If not, please stop pretending that you made an interesting point.
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Re:Tim Cook Faces Surprising Employee Unrest at Apple
by Bud on Saturday September 18, 2021 @12:49PM
(#28577544)
Yes, it actually does, because the value of his compensation, 98% or so of which is in stock, would be worth over 10 times less right now if it were not for Tim Cook's performance as CEO. That makes a rather big difference, in my view.
It also changes the argument meaningfully in a second way: liquidity. Tim Cook can't just go sell all that stock right now, since that would cause a rather big panic and also rob him of a lot of its value. Which means he could not actually pay all those folks' salaries.
Whether my point is "interesting" is up to you. Whether it's factual isn't. It's factual.