Wednesday, March 16, 2016

Bernie Sanders and Income Inequality (Apple/Cook Example)


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What does Bernie Sanders mean by “income inequality?”    

An example:
Apple’s CEO Tim Cook made $9,222,638 in 2014, more than double what he pulled in the year before. Cook wasn't awarded any stock in 2013, but in 2011 he was awarded about $376 million in restricted stock units that will turn into shares he can sell over the next decade.  

A highly paid engineer makes about $200,000.  Cook made 46x that.   Min. wage is about $21,000 in California.  Cook made 439x that.

Source: http://www.businessinsider.com/heres-how-much-apples-top-execs-made-last-year-2015-1


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