Monday, January 23, 2012

Ahimsa deficit

I will never understand how anyone can say things like this with a straight face:

Mr. Cook, Apple’s chief, last year received stock grants — which vest over a 10-year period — that, at today’s share price, would be worth $427 million, and his salary was raised to $1.4 million. In 2010, Mr. Cook’s compensation package was valued at $59 million, according to Apple’s security filings.

A person close to Apple argued that the compensation received by Apple’s employees was fair, in part because the company had brought so much value to the nation and world.

No, it is not "fair." Nobody "earns" an 8-figure salary. That kind of income can be achieved only through rent-seeking or thievery, and the fact that Apple is paying its executive team so lavishly instead of investing in its own infrastructure is part of the reason it can't "afford" to make iPhones in the US. They are using the money to pay people who say shit like this:

“We shouldn’t be criticized for using Chinese workers,” a current Apple executive said. “The U.S. has stopped producing people with the skills we need.”

No, asshole, the U.S. has not "stopped producing people with the skills" you need, you just stopped being willing to pay them enough to live on.

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