Apple Exec bonuses
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- BusterBoy
Was just reading on CNET Apple Inc was giving $60m in bonuses to it's senior execs. I assumed it was to be split among them...but turns out they are each due to receive 150,000 shares with half of them vested in 2013 and the other half in 2016.
Based on today's share price, that is $60m EACH. Have I miscalculated something? Pretty obcene if you ask me, no matter how well the company is going.
- 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
- 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.
- 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?