Apple Exec bonuses
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- 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
- 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.
- pr20
Raf, don't be naive. Apple made that money because of the execs but they were just a small part of the army of people who helped make all that profit, the janitors, the designers, the accountants, yes the slaves in Chinese factories too. And yet when it comes to diving up the spoils it goes only to those few on the top... And on top of that people like you naively assume that "they deserved it."
- < thiscannonball1978
- 1%omg
- by your logic: whatever you're charging for your film work a guy from 7/11 could do for minimum wageraf
- 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
- 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
- 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....
- 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.
- 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.
- 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
- 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?
- numbers0
The timing seems strange...right after Jobs' death
Makes it seem like they are calling it a day
- MrT0
So a bunch of execs stand to get a fat payout. Despite the amount being subject to how well the company is doing, it will probably still seem obscene to the average person.
It's no more interesting, acceptable or justifiable simply because it's Apple.
- numbers0
I tend to agree with pr2's comment even though they may be interpreted as socialist(?). Top execs should earn more, but why 6,000 times more? Do they really earn it? Or is being in that job just the same as any other, a lot of hard work, a lot of luck, and some bullshitting?
- BusterBoy0
mono...you're a dill. I completely understand they are being paid in shares, with half vested until 2013 and the balance in 2016. I also understand this may be a tactic to keep these execs on board. BUT as has been proved with Steve Jobs, nobody is indispensible so I just don't reckon anyone is worth that much. $60M? Seriously...
What do you reckon Apple's share price will be come 2016? I'd bet London to a brick they won't be less valuable then.
- I don't think they'll change much at all by 2013, but by 2016 they could be anywhere.Amicus
- Amicus0
I guess it's risk vs reward.
The higher up the tree you are the more important and riskier the decisions you have to make. Consistently make good decisions and everyone has a job. Make one or two bad decisions and you can sink the whole company. Good executives are paid well because they very rarely make bad decisions.
I think the lowest paid workers should all get a bigger bite of the cherry, but you can train virtually anyone to assembly a product. However, it is the rare few who can think far enough ahead at a deep strategic level and turn that into great products that translate into profits.
Personally if I were the CEO I'd happily have a slightly lower profit margin to pay my workers better. 10% pay rises for factory workers would probably lower the profit margins by about 2%, right?
- utopian0
This shit is absolutely staggering!
- boobs0
In a publicly traded company, how are you going to stop these guys from raiding the till, providing it's all legal? This is something the executive class learned years ago.
In the 1970s, the very top CEOs, of Ford and GM, earned just under a million per year. They were the highest paid executives in the world at that time.
Somewhere along the way, these guys learned they could pay themselves a fuck of a lot more, and get away with it. And now they do.
There's really only one way to stop them, and that's to tax the living shit out of incomes/capital gains/compensation, etc., above a certain level.
That was actually the strategy of the very high tax rates of the 1940s, 1950s, and 1960s: that gives an incentive to re-invest in the company, instead of taking more and more compensation. CEOs lived in big houses and had nice cars. But they didn't live in Versailles.
The chart up there that shows the average salary being nearly level for the last 40 years ought to tell you who's winning the class warfare. Average guy is getting buried!
Just think how much lower your health insurance premiums and co-pays would be if the people at the top weren't raking off so much for themselves.
- OSFA0
At least is not Government money...
- obsolete0
@animatedgif
would you work there?
- omg0
Here's a first world problem
A company reigns successful and has tons of money to bank. They hoard the profits for whatever reason. Hoarding millions and billions of dollars like a vacuum. The uncirculated money affects the economy, as you can see that someone didn't spend the money in an area that needs jobs. What exactly are these higher ups going to do with that money? It'll go right back to the top.