Some of America’s highest-paid CEOs earn more in a few hours than the typical U.S. worker makes in an entire year. For example, Apple CEO Tim Cook surpasses the annual salary of an average American worker in roughly seven hours.
Actually, though, seven hours seems too long — that’s like almost a whole workday for a nine-fiver — but, hey, math is math! Yes, executive compensation is out of whack. Tim Cook is vastly overpaid for what he does. This is because he holds a rare skillset and it benefits the shareholders to have continuity in the CEO position. Basically, Apple overpays Tim Cook in order to have a long-term CEO which provides confidence to the market. A succession of different CEOs jumping from company to company every other year seeking higher salaries would be a negative and justifies Cook’s overpayment. Cook is paid to stay more than for what he actually does. This is why he has vesting targets set years into the future. If he stays, providing continuity, he benefits and so does the company’s stock price. — MacDailyNews, February 18, 2022 See also: Apple CEO Tim Cook among the most overpaid CEOs, study finds – February 17, 2023 Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple CEO Tim Cook takes 7 hours to out-earn the average American’s salary appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. |
Friday, December 12, 2025
Apple CEO Tim Cook takes 7 hours to out-earn the average American’s salary
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