Tim Cook’s $50M pay cut, CEO compensation packages & Acquire.com's CEO Andrew Gazdecki | E1658
This Week in Startups
Evaluating CEO Pay: Tim Cook's Austerity and Its Implications
This chapter examines Tim Cook's drastic pay cut as part of Apple's cost-saving efforts, reducing his compensation to $49 million. It discusses the effects of this decision on job security and the relationship between executive pay and shareholder interests amid rising income inequality. Additionally, the chapter compares Cook's compensation with other tech CEOs, leading to a broader conversation about corporate governance and the disparity in pay between executives and regular employees.
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