Apple Exec bonuses
- Started
- Last post
- 51 Responses
- BusterBoy0
I normally don't have a problem with paying executives well...but this is really excessive IMO.
- eieio0
Its time the corporate world acknowledge the cost and consequences of their wealth.
- BusterBoy0
It's ridiculous. $60m each? That IS obscene. It breeds a culture of entitlement right across the corporate landscape which ultimately trickles down to poor old Joe Citizen.
In Apple's case, they can afford it - good luck to them. Problem is, this culture breeds executives who demand these ridiculous bonuses where the performance criteria are so heavily weighted in their favour it is just out of whack.
- no, it's stock right now that's worth that much, but they don't get the full value until 2016monospaced
- if it goes down, then it's a bonus worth only a percentage of that, you see? And it's not right now anyway dudemonospaced
- UKV0
This is about retention as much as it is reward. An executive at this level is a rare cat. Execs operating at this level bore quickly, and are track focused. Thus, they get some very enticing offers every day, many of them to go captain other leading brand with incredible incentives. I suspect I would do the same thing, albiet on a much less grand scale.
- "Free fries at company lunch! Yay! How could I ever leave?!?"
UKV
- "Free fries at company lunch! Yay! How could I ever leave?!?"
- drgs0
I don't understand the effect of the incentive. In almost any outcome, if the stock value is halved for whatever reason, and you end up with 30 mill, 15 mill -- when you have this kind of money, what is the purpose of even having a job, not to mention doing it well?
- aanderton0
Possible that Jobs decided to give a proportion of his shares away to staff as a bonus after his death.
- eieio0
nobody 'deserves' these sorts of bonuses, they are exceedingly fortunate to get this sort of money for being a pampered exec... it is humanly impossible to actually EARN this amount of money.
- The fact they are receiving these bonuses because somebody believes they have earned them kinda blows your comment. Just sayin'.goldieboy
- Comment. Just saying'.goldieboy
- they don't actually think they earned it they just get to get the money and pat each other on the back sayin "well done"eieio
- They don't deserve it? They earned the company 43 billion this year, they're only getting scraps.raf
- no they just made the money they didn't EARN iteieio
- You get paid right? You don't deserve it because you didn't EARN it! This is how stupid your statement soundsgoldieboy
- Nobody could EARN 60 million, they just MAKE that much.eieio
- Stating they deserve a 60 million bonus is like saying the King of Saudi Arabia deserves to be King because he is the best.eieio
- ...best man for the job.eieio
- Their experience or education or job duties would never actually equal what they make. Not possible.eieio
- Guess what? It's possible because it's happening... And we're discussing it!goldieboy
- Actually it didn't happen, they didn't earn shit... it was a gift, they were paid off .eieio
- A bonus based on their and the companies performance... that's how it works. You can spout how it's 'humanly impossible' until you're blue in the face... it ain't going to make any difference to them or megoldieboy
- until you're blue in the face... it ain't going to make any difference to them or megoldieboy
- ok stop posting in my notes theneieio
- your posts? hahaha ok!goldieboy
- This one's really going to piss you off... F1 drivers get paid approx £15+ million a year to drive fast cars and look good in ads! Crazy eh!goldieboy
- ads...goldieboy
- obsolete0
@animatedgif
would you work there?
- OSFA0
At least is not Government money...
- numbers0
The timing seems strange...right after Jobs' death
Makes it seem like they are calling it a day
- aanderton0
Is this not a bit of a risk for apple? Surely this could mean that in 4 years or so all of their senior execs will pack up and retire after cashing in on over 60 million?
- Sometimes money isn't the motivator. What if they enjoy their jobs?
Morning_star - Yeah I suppose so, even so its a bit of a risk.aanderton
- Sometimes money isn't the motivator. What if they enjoy their jobs?
- animatedgif0
Foxconn isn't even close to a sweat shop, they have cinemas for god sake. Don't let those suicide counts cloud your judgement, you have to keep in mind the complex is bigger than some towns and that the suicide rate is actually lower than many developed countries.
http://en.wikipedia.org/wiki/Fox…
Check the client list
- Atkinson0
I don't think they are sweat shops. I'm not defending apple, gap or anyone else but everything is in context. By the Wests standards the workers pay is low. Health and safety is low etc. By their standards it's a good living. What would be the point it outsourcing work, to pay the same as you do at home, making people effectively millionaires and unbalancing their country's economy. Real sweat shops are bad. Foxcon isn't good but I don't think it's a sweatshop - a lot of other tech companies use them too - probably the ones who made the thing you're typing on.
- boobs0
I don't care what those guys get, as long as I don't have to pay them.
I would like to be making more myself, however.
- vaxorcist0
I'd love to see a graph of some sort showing the relation between suddenly huge bonuses like this and medium term future performance....
I have a hunch these sorts of bonuses seem to be a bit of a reward for sticking through a hellish period of time, then the profits flow, then everyone relaxes and the profits tank.....
??? no idea why, but I have a hunch this is a pattern....
- Morning_star0
@pr2
That's not the point. The market drives the levels of Exec salaries and benefits as well as the Janitor salaries. If the execs at Apple produce mammoth profits, please the shareholders and make ever lovely products we all want making then why should that not to be rewarded?- were you ever in managerial position? It always is: lets figure out the slide of the pie for us first then give some scraps to the rest.pr2
- the rest.pr2
- Yes, i've been an Exec for about 10 years. The market and shareholders drive the exec renumeration.Morning_star
- monospaced0
^ of course it's possible for a human being to "work hard" to earn $60m, and thinking so doesn't make one brain dead. In fact, "working hard" is just about the only way to possibly "earn" $60m, because that kind of cash doesn't just come around for no reason.
And I sure hope these CEOs work as hard as the janitor, because that guy works hard. So, if you were trying to make a point, pr2, you missed it either due to a flawed thought process or just the wrong use of adjectives. So, before you call people "brain dead," proof read your rant. Thanks.
- an average "hard working" person working 80 h/ week would take close to 600 years to make $60m.pr2
- you're missing my point altogether, I give up, maybe you're the brain dead onemonospaced
- when corps are large enough they start making money almost on autopilot. Your assumption that the CEOs play significant role is baffling.pr2
- is baffling.pr2
- autopilot??? a couple of wrong decisions can bankrupt a company in no time.Amicus
- autopilot lolinteliboy
- i think he meant CRUISE CONTROLOLOLOLlambsy
- pr20
Are many of you brain dead??? You really think it's possible for a human being to "work hard" to earn $60m?? Clearly you never dealt with the "working hard" people. I have shot a thousand-and-one interviews with high power CEOs and let me tell you something many of them work as hard as the janitor cleaning your spilled Pepsi. And their intelligence isn't something to write home about either.
- obsolete0
steve jobs died... now they get bonuses...
maybe they will even up the salaries of the sweat shops where the ipads are made by .002$/day- you're making too many unnecessary connectionsmonospaced
- Sent from your iPadDrBombay
- just saying that most of the profits come from sweat shops....obsolete
- I disagree, but I'm allowed tomonospaced
- Don't be a retard obsolete, ALL COMPUTERS are made in "sweat shops" even though they're not even close to sweat shop conditionsanimatedgif
- close to sweat shop conditionsanimatedgif
- so does that make it right???
obsolete