Some typical Apple salaries, courtesy of Glassdoor:
Software Engineer: $103,733 per year
Senior Software Development Engineer: $110,333 per year
Software Engineering Manager: $138,882 per year
Senior Project Manager: $126,667 per year
Financial Analyst: $82,156 per year
Senior Financial Analyst: $98,729 per year
Supply Chain Manager: $116,395 per year
Web Developer: $81,686 per year
Senior Director: $208,710
So what Apple's board of directors is implying is that a CEO is worth 500X a mid-level engineer and 250X a senior director. Actually, more than that, because he's already guaranteed this amount upfront.
If you honestly think CEOs deserve their pay, or they make money proportional to the value they add to their firms, you're a brainwashed, deluded, and ignorant idiot. The real-reason behind ever-increasing executive comp? Corporate board promiscuity, for the lack of a better word. Ever notice how the same people serve on the BODs of multiple Fortune 500 corporations? Bob Iger of Disney oversaw the Pixar acquisition, made Steve Jobs a multi-billionaire, and gave him a free Disney board seat. Now Iger is getting a lucrative Directorship at Apple worth millions of dollars. Favour for favour. Check cleared.
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