Apple Exec bonuses
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- BusterBoy0
Let's not forget we're not talking CEO's here. We're talking senior execs. Does anyone seriously think Phil Schiller is worth $60M?
- raf0
With Jobs gone, how do you keep the morale up and ensure the company doesn't fall apart? I am pretty sure it was Jobs' idea to solidify core management team just when they might want to fly away.
Take those people away and the company starts to slide down. Those are the people who know Apple plans for the future. They have been working on products we'll buy in a few years. They know how Apple structures work and how to implement them. Put them in competing companies and they reorganise the whole industry.
More than that: through their public performances in Apple shows they became recognizable media figures. Put Forstall on television and you have a top tech show in an instant. Make him a PR speaker for Asus and all the eyes are on him (bulged like his). They are recognizable, trusted figures.
I am sure headhunters with suitcases full of money have been circling around them for some time already. Just look at how Google and Facebook fish for programmers.
It's a lot of money but I think they're worth more than that, both to Apple and to the competition. It is pittance if you look at it from a perspective: it's less than 2% of the company net income for the last year alone and their shares are spread over a longer time.
They have earned this money... actually, will still have to earn over that time.- your argument that money = more motivation to work/stay at the company is invalidated here: http://www.youtube.c…pr2
- lowimpakt0
i have no problem with people getting paid well for working hard but I do have a problem with the global gap between the rich and the poor and the levels of exploitation and greed that are forcing that wedge.
I would say reduce the bonuses a bit and start properly investing in improved environmental and social performance of your supply chain.
- ernexbcn0
@pr2 those execs running the company as well as they do are generating a lot of jobs and allowing people to create companies based on what they produce or to provide components for what they build.
Of course they deserve whatever money the board of directors wants to throw in their direction.
- ernexbcn0
I don't find obscene that a private company making money gives perks to its executives. What I find obscene is bank directors getting perks while they bankrupt the institution and have to be rescued with public money.
- 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.
- lowimpakt0
everyone knows banks are public because you pay your cash in yourself but I guarantee you pay direct cash and tax cash into other companies.
there is little or no private. people pay through their tax for the means for companies to make profit
- monNom0
^ WTF?
- dMullins0
When you earn a company money, and you're at the SVP level, you are earning yourself money. You hold out on a salary commensurate with your skill level, and wait to take bonus profits from YOUR company until it's appropriate. I'd say being one of the most profitable companies in the world currently makes the timing appropriate. As other said, the key is to continue innovation and profitability will follow.
At least it's not Scully raking in a check...
- scully took his checks a long time ago, when they were piliging the .coomg