Apple Exec bonuses
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- eieio0
Its time the corporate world acknowledge the cost and consequences of their wealth.
- 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.
- 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
- 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.
- BusterBoy0
I normally don't have a problem with paying executives well...but this is really excessive IMO.
- Melanie0
Steve handpicked all the key players in Apple before he died, so maybe this is an incentive for them to stick around in case things get a little turbulent over the next few years.
- raf0
Imagine the cost of either of them being bought by Asus, Sony, Dell, HP—their deep knowledge of not only the technology and strategy but also of how the best performing tech company in the world is organised from within is worth even more than that.
Also, what's with this counting other people's money? What's it to you? Why don't you tell us what you earned last year, we'll tell you if you deserved it or not.
- Morning_star0
Why is this obscene?
It would be obscene if your company had performed poorley with very dubious practices and contributed to a global financial collapse.- like missing on revenue and headed for another miss? with a phone that eats batteries and dosen't do outbound voice?monNom
- monospaced0
thing is, if the stock price drops, so does the bonus
- they have 2-5 years to even pull profits from itmonospaced
- necromation0
Good for them... I bet if you was looking at a 60m bonus your mouth would be as tight as a virgin ass.
- goldieboy0
Yup, that's the thing, they're only worth market value. Plus, take in to account taxes/fees and the fact they're tied in to the business for X,Y, Z amount of years. Still, they'll be laughing all the way!
Now this gets me: £500 million bonuses for RBS Bank exec's despite the fact that UK tax payers bailed them out!!! WTF?!- bingomonospaced
- bailout has nothing to do with integrity or honor of an individual, let alone a corporation. Might as well have burned that pile of cash.d_rek
- burned that pile of cashd_rek
- I don't get your point d_rek?goldieboy
- Then you don't understand the bailoutd_rek
- I understand what happened during the RBS bailoutgoldieboy
- worse than that - the division made no money... but still they get huge bonuses...hans_glib
- clearThoughts0
those guys slaved like shit for Apple, they deserve it. On the other hand it would be nice to see a bit of change on their production facilities in China... but guess then you would also expect Samsung and the rest of them to do that too...
- I doubt they 'slaved like shit'calculator
- Define deserve?bainbridge
- animatedgif0
"Pretty obcene if you ask me, no matter how well the company is going."
The company is going REALLY FUCKING WELL, makes total sense and is well deserved. What's the alternative?
- the alt is they give it to charity and help people who are starving to deathAncillary
- GeorgesII0
It's about time they release Iloot 2.0,
I don't see nothing wrong with their bonuses, apple made lots of dough
- Atkinson0
I don't get why people are so offended by large amounts of money being given to people who have, in most cases, worked really hard to get there. Footballers are payed obscene amounts and they do very little, for a very short period of time - that offends me, but then I hate football.
- +1animatedgif
- lots of people all over the world slave really hard and are starving to death, would be nice to see some charityAncillary
- ernexbcn0
They also gave Tim Cook earlier this year ONE million shares, half to be vested in 2016 and the other half in 2021.
That's 389 million dollars at today's AAPL price.
- the company is worth billions, and it's important to make the C suite partners for so many reasonsmonospaced