QUICK SHOUT
Before I share this week’s comic, mind if I make a quick recommendation? Are you following Katrina Collier on LinkedIn? If not, let me give you two good reasons why you should.
- Her newsletter – Recruitment Isn’t Broken
- Her book – The Robot Proof Recruiter
Both are recommended.
How can a CEO signal compassion to his workers?
What do you think of CEOs who make a big deal about reducing their compensation? Are they being magnanimous or just virtue-signaling? Case in point, check out this quote from Republic World.
Apple CEO Tim Cook will be taking a major pay cut for 2023, revealed the tech giant in a US security filing. Cook’s 2023 “target total compensation is $49 million, a reduction of over 40% from his 2022 target total compensation”, said the filing. Cook’s annual target compensation is between the 80th and 90th percentiles, said the Compensation Committee of the company.
Cook requested the cut after criticism from shareholders, BBC reported. Last year the iPhone maker’s shares fell sharply in the face of supply chain issues and a global economic slowdown. However, Cook’s annual basic salary will remain unchanged at $3m, as well as a bonus of up to $6m. The biggest difference to his pay package is how he will be awarded shares in the firm.
In this case, is the CEO being compassionate? Please reply with your thoughts.
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