Norway's sovereign wealth fund to vote against Apple management's pay plan

Re:Norway's sovereign wealth fund to vote against Apple mana... by kennywinker on Sunday February 27, 2022 @05:13PM (#30493219)

My point is not about what tim cook should think, it’s about how i believe people in his position do think. Their pay keeps going up because profits are high, monopolization is high, and so when they ask boards give. But i don’t believe they’re doing that job for the pay. Or, not primarily for the pay, they probably wouldn’t do it for free.

So, it’s being put to a vote and they could deny it, and if they do the question is will he walk?

That fact that he has 2bil in the bank and is still doing the work he’s doing suggests to me that he might not. CEO of apple isn’t a fungible job. I don’t believe tim cook wants to be CEO of any other company. If he wanted to leave no dollar amount could keep him, similarly, i’m not sure a pay cut would send him packing.

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Re:Norway's sovereign wealth fund to vote against Apple mana... by s1artibartfast on Sunday February 27, 2022 @06:01PM (#30493721)

>But i don’t believe they’re doing that job for the pay. Or, not primarily for the pay, they probably wouldn’t do it for free.

Perhaps I misinterpreted you post. If that is your position, than I totally agree.

>So, it’s being put to a vote and they could deny it, and if they do the question is will he walk?

I think that all depends on the alternative proposal. I think they most likely outcome if it passes is that Tim Cook will be offered more money but with a longer lockup schedule. If they came back and said "hey richie, you have enough in the bank and should work for the average salary", I think it is likely he would walk, even if he is not primarily doing it for the money.

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