Apple CEO Tim Cook agrees to 40% pay cut, stores begin contract negotiations amid union push

#Apple #TimCook #yahoofinance
Yahoo Finance tech reporter Allie Garfinkle explains why Apple CEO Tim Cook has agreed to take a pay cut and how Apple store employees are moving towards unionizing.
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[RickBoomer]

Oh my goodness, he's only going to get $49 million in pay in 2023?? Very noble, but I would not say that he's going to have to worry about paying the bills or how much eggs cost.

[orwellhuxley]

Poor Mr. Cook; I’m sure he is very concerned about his grocery bills.

[lambertois]

A wave of key executives has left Apple! What could this mean for the company and the stocks?
Over a stretch that began in the second half of 2022, Apple has lost about a dozen high-ranking executives. Most of these people carried the title of vice president, which is just below the senior vice president level that reports to Chief Executive Officer Tim Cook. They are some of the most important figures at Apple, responsible for day-to-day operation of many core functions.

[gergmohsen]

I don't know who needs to hear this but stop saving all your money. Venture into Investing some, if you really want financial freedom.

[rnegoro]

Usually if he does something like this, something weird is gonna happen.

[spock]

So he’ll get paid 60 cents now? I’m sure stock based comp doesn’t change

[hardren]

Spare me, he is going from $85m - $49m, how will he ever no fool though, it's smarter for him to propose and agree to a paycut vs risk calls for his head with future qtrly earnings going south (His base pay remains unchanged, he's slick).

[michaelgriffith]

The hell with big ceo's and high ups. Ya'll dont open your calculaters each week and crunch 50 bucks and worry about what your gonna do till next pay of which you gotta do it again. Take your 40 sumtin million and go be comfy and raise the iphone prices so noone can afford anything again

[emilyharts]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?.

[shivling.]

😔Tim Cook will buy me 100 million dollar mansion for his and mine kids😐why he is not thinking about our future 🥺

[ZeroCtr]

because they are failing the end of a era

[forestwood]

Bravo. CEOs should follow the suit. Worker’s salary has been said to contribute to inflation. If ceos do as Tim did, that bs talk about the inflation disappears.

[hyp-o-crite-]

i dont use apple, apple = tech challenge people

apples = one of best run company

apple = 50% u.s smart phone market