Dear Green American,
Today Apple’s shareowners are voting to approve the
compensation packages of its top executives at its annual shareowner
meeting in Cupertino, CA. The company broke records last quarter, selling
74.5 million iPhones and earning $18 billion in profits. Executives will
be rewarded lavishly.
CEO Tim Cook earns a $1.7 million salary and $9.2 million in total
compensation. Other senior VPs earn a $947,596 salary and an average of
$28 million in total compensation.
What won’t be discussed at the meeting is the ongoing struggle of the
workers who make Apple’s highly profitable products. While executives
earn millions, workers make a little over $3/hour. In order to earn
enough to cover living expenses, workers rely on overtime, sometimes
working as many as 64 hours per week at one Apple supplier.
We’ve estimated that Apple could pay its 1.5 million workers a decent
wage for only $12.38 more per device. That's just 7% of its
profits last quarter.
Green America,
Our newest infographic breaks this calculation down.
Would you pay $12.38 more per iPhone to ensure workers are earning decent
wages?
Apple could, and Apple should.
Bad Apple Campaign:
Please share this infographic on Facebook and Twitter to help get the
word out.
more info:
www.greenamerica.org
(805) 962-2571
P.O. Box 92156, Santa Barbara, CA 93190
margie@sbpermaculture.org
http://www.sbpermaculture.org
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