Source: Chart: The Largest Companies by Market Cap Over 15 Years.
Creative destruction in the 5 largest companies
24 Oct 2016 Leave a comment
in economic history, entrepreneurship, fisheries economics Tags: Apple, creative destruction, Microsoft
Creative destruction in top ICT company pay
05 May 2016 Leave a comment
in human capital, industrial organisation, labour economics, labour supply, occupational choice, survivor principle Tags: Apple, CEO pay, creative destruction, entrepreneurial alertness, Facebook, Google, Microsoft, superstar wages, superstars, top 1%, Twitter, Uber, Yahoo
I am surprised to see that Yahoo is in business much less competing for top talent. Microsoft is in decline too. Apple does not pay people as much as everybody else.
Source: Paysa Company Rank | Paysa.
Some other colours seem to duplicate so you will have to work out which is which by when they exploded in hiring top talent.
How profitable are the tech giants?
03 Apr 2016 Leave a comment
in fisheries economics, industrial organisation, survivor principle Tags: Apple, creative destruction, Facebook, Microsoft, Twitter
I did not know Yahoo was still in business.
Well-known first company headquarters
02 Jan 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: amazon, Apple, corporate headquarters, Google, start-ups
Breaking Down 21 Apple Product Flops (1980-2014)
01 Jan 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: Apple, creative destruction
What does @Walmart do wrong but @APPLEOFFIClAL does right?
16 Nov 2015 Leave a comment
in applied price theory, applied welfare economics, entrepreneurship, industrial organisation, politics - USA Tags: Apple, creative destruction, entrepreneurial alertness, Left-wing hypocrisy, Leftover Left, superstar wages, superstars, top 1%, Twitter left, Walmart
The share market capitalisation of the top tech companies
23 Jul 2015 Leave a comment
in entrepreneurship, financial economics Tags: Amazon on, Apple, creative destruction, entrepreneurial alertness, Facebook, Google, Microsoft
PayPal is now worth more than Netflix, eBay, and Twitter by @eugenekim222 businessinsider.com/paypal-now-wor… @pmarca http://t.co/M3IbfNlTi0—
Evan Kirstel (@evankirstel) July 20, 2015
The Apple 1– Updated
28 Apr 2015 Leave a comment
in economic history, technological progress Tags: Apple, creative destruction, innovation, Steve Jobs
In 1976, high school friends Steve Wozniak and Steve Jobs built their first computer — the Apple 1. http://t.co/pl9US5FPBI—
ClassicPics (@History_Pics) April 27, 2015
I read a Steve Jobs biography 15 years ago when you couldn’t find him on this chart
21 Apr 2015 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: Apple, creative destruction, entrepreneurial alertness, Steve Jobs
People really forget how awesomely powerful IBM was in the 1980s: @evankirstel http://t.co/TkpuU5sAXg—
Marc Andreessen (@pmarca) April 04, 2015
January 1984: First Mac goes on sale
05 Feb 2015 Leave a comment
The economics of Dennis Lillee and Steve Jobs
15 Mar 2014 1 Comment
in cricket, entrepreneurship, human capital, labour economics Tags: Apple, Bill Gates, CEO pay, cricket, Dennis Lillee, Kerry Packer, regulatory capture, Steve Jobs, superstars, top 1%
Dennis Lillee was paid £1,200 to tour England in 1972 for five months. He was paid the same to tour for three months in 1975. Now a world-class fast bowling coach, he would probably not get out for bed for £1,200
When Kerry Packer bid for the Australian cricket rights in the 1970s, he offered $500,000 per year. That was about ten times what the ABC was paying at the time
The Australian cricket TV rights sold for over $500 million in 2013 for a 5-year deal.
Today’s international cricketers are millionaires – widely respected and beloved members of the top 1% of income earners. Most think it is great that top sports people make millions over their career. No plans for the Occupy Wall Street crowd to occupy the MCG, Wimbledon or the Olympics to complain about superstar sports salaries and prizes.
Lillee and other top athletes, celebrities, actors, musicians and entertainers are all paid much more for much the same reason that CEOs, money market managers, top lawyers and tech entrepreneurs are paid much more than in the past.
They are superstars who are able to leverage their talent through communications technology advances on a national and global level. They can apply ‘their talent to greater pools of resources and reach[ing] larger numbers of people thus becoming more productive and higher paid’.
- Why is there envy over the pay of businessmen but not for superstar entertainers and athletes?
- Did people boo World Series Cricket in 1977 because those cricketers could now make a decent living?
- Do people complain when musicians and actors make it big?
Why is Steve Jobs strangely immune from top 1% envy despite his cheapness and meanness to others while Bill Gates is reviled as some sort of monopolist despite his giving most of his wealth away?
Was Jobs worth his pay? Apple shares went up and down in billions on news of Steve Jobs’s health.
When Hewlett Packard’s CEO Mark Hurd resigned unexpectedly, the value of HP shares dropped by about $10 billion! This makes his $30 million in annual compensation a bargain for his shareholders. Oracle’s shares rose 6% on word of Mr. Hurd’s hiring as co-president on an annual base salary of $950,000 and being eligible for up to a $10 million annual bonus. Perhaps he is under-paid?
See Kaplan, Steven N., and Joshua Rauh. 2013. It’s the Market: The Broad-Based Rise in the Return to Top Talent, Journal of Economic Perspectives 2013 for more.
Utopia, you are standing in it! 
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