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Refreshers aren’t going to be high enough (I don’t know about exec compensation though) to avoid the cliff. Promotions are the only way.

Refreshers are high enough to do that at Apple (or not). There aren’t enough levels to get promoted, and the stock keeps going up.

The stock going up is what kills it. Apple’s stock has gone bananas the last 4 years, no refresher is going to beat or match that.