Readit NewsIn fact, we all know that saying Thank you may provide real value to both sides, because we mean it
But meaningless gestures, such as a billionaire at a wealthy and healthy company taking a paycut, harm and devalue our social fabric
Frankly it’s refreshing to see a CEO cut his own pay vs continuously increasing it regardless of how well the company performs.
It would be equally performative. This is morality theater. I'd only question his judgment about public relations.
I do understand the reasoning for this adjustment of his salary. I'm simply saying I wish it was not necessary. It's sad.
I have no idea how many problems there are with that, or how diffuse helium is/how hard it would be to harvest from space, but floating airship stations like Bespin would be awesome.
It's not that it's a bargain, or a good value for the price. The title of the video is "Why Unreal Engine 5.1 is a Huge Deal".
Without the word "Huge" it comes across rather differently.
That could be the cause
1. Shareholders have a "say-on-pay" vote, this is non-binding, but gives the board an idea of shareholder attitudes.
2. Institutional Shareholder Services raised concerns with their clients about Tim Cook's pay and requested that they vote against Tim's proposed package.
3. The approval vote dropped to 64% (usually around 95%).
4. Members of the compensation team engaged shareholders for an idea about where to set compensation. Tim then requested that.
Thank you for explaining the context so well. But I disagree with your first claim. I'm saying it is totally a PR exercise.