The top nine Apple executives made as much in 2011 as 95,000 Chinese workers making Apple products.

The top nine Apple executives made as much in 2011 as 95,000 Chinese workers making Apple products.

The executive leadership team of Apple (nine members in all) was compensated a total of $441 million in 2011. In contrast, it took a total of 95,000 Chinese factory workers at Apple's supplier, Foxconn, to earn an equivalent amount in wages. Those numbers vary slightly from year to year but are expected to be similar.


To accentuate the different worlds in which the workers and executives seem to live, the Fair Labor Association decided to do some investigation. 64% of the factory workers did not consider their salaries sufficient, despite working for an average of 56 hours per week and in questionable conditions. At the end of the year, the average Chinese factory worker earned $4,622.


All nine members of Apple's executive team made over $1 million each in 2011, but two of them made substantially more. Timothy Cook alone made $378 million, making him the highest paid of any CEO. In a distant second was Eduardo Cue, who made $53 million as senior vice president of the company. The vast majority of their earnings came in the form of restricted stock awards.


Note: The figures given are for the fiscal year of 2011, which doesn't correspond exactly to the calendar year.


(Source)





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