Go Back   MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Reply
 
Thread Tools Search this Thread Display Modes
Old Mar 4, 2014, 08:09 AM   #26
jonnysods
macrumors 68030
 
Join Date: Sep 2006
Location: Aussie living in Canada
These guys would work around the clock and sacrifice so much family time to devote to the company. I'm happy for the guy to get out now and live a little!
__________________
Sodagorn Media
www.sodagorn.com
jonnysods is offline   2 Reply With Quote
Old Mar 4, 2014, 08:11 AM   #27
tbrand7
macrumors 6502
 
Join Date: Feb 2013
Location: New York
Quote:
Originally Posted by sk1wbw View Post
Can't wait for that current idiot to retire.
Who are you referring to?
__________________
15-inch Retina MacBook Pro- 2.6GHz, 8GB, 512GB Flash Storage
iPhone 6 Plus- 128 GB
Apple TV- 3rd Generation
iPad Air- 128 GB, Celluar
tbrand7 is offline   0 Reply With Quote
Old Mar 4, 2014, 08:15 AM   #28
x5tuu
macrumors member
 
Join Date: Jan 2012
what people generally don't seem to grasp is that people in position or seniority at this sort of level, do the job for the love of it and because they excel at it - as proven by the positions they hold on various boards etc...

normally, at the start it is for the money but as people develop and gain national/worldwide acclaim in their field it moves to a way of life

once at that point where they look at retirement, the prospect to then sit back and not have anything to occupy the mind is very unhealthy and often people degrade extremely quickly in this sort of setting (seen often across the globe and witnessed personally by me with a close family member) and taking board membership is often a way to keep a hand in, keep a mental occupancy and also maintain a wealth of connections

personally I am on the board of 2 medium health organisations in England, one unpaid, one paid ... both done for the passion and love of it, not the financial motivation
x5tuu is offline   3 Reply With Quote
Old Mar 4, 2014, 08:16 AM   #29
thedeejay
macrumors 65816
 
thedeejay's Avatar
 
Join Date: Aug 2012
Location: Toronto, Canada.
And then there were four (Ive, Schiller, Cue & Fredigsinsks {or however it's spelt})
thedeejay is offline   0 Reply With Quote
Old Mar 4, 2014, 08:16 AM   #30
Kariya
macrumors 68000
 
Join Date: Nov 2010
Quote:
Originally Posted by Cuban Missles View Post
Don't know much about Lucas.
Luca was the former CFO of Nokia and Xerox

Last edited by Kariya; Mar 4, 2014 at 05:42 PM.
Kariya is offline   0 Reply With Quote
Old Mar 4, 2014, 08:17 AM   #31
ABCDEF-Hex
macrumors 6502
 
Join Date: Feb 2013
Location: NC
From a Forbes article:

While Oppenheimer probably doesn’t need any more Apple stock to vest his September 2010 award for 100,000 shares fully vests in September while his November 2011 award for 75,000 shares fully vests in March 2016.

Nice to help out in the transition - I'm sure this is just a coincidence.
__________________
Now you're mystified - standing with the rest of us - who used to rule the world. ...B. Raitt... ( B.Gates/S.Ballmer)
ABCDEF-Hex is offline   0 Reply With Quote
Old Mar 4, 2014, 08:19 AM   #32
ghostface147
macrumors 65816
 
Join Date: May 2008
Where do I send my resume?
ghostface147 is offline   1 Reply With Quote
Old Mar 4, 2014, 08:20 AM   #33
KPOM
macrumors G3
 
Join Date: Oct 2010
Quote:
Originally Posted by luckydcxx View Post
I would love to know how much Goldman Sachs is paying him to leave.
Board members don't get paid all that much. People join mostly for the connections. The timing is a bit odd, though. He is going to be an outside director, meaning he won't be a Goldman executive. Maybe he's going to do something philanthropic or venture capital-based. In any case, he might have told Cook a year ago he wanted to leave which is why they hired the new controller who will be replacing him as CFO.
KPOM is offline   0 Reply With Quote
Old Mar 4, 2014, 08:21 AM   #34
brendu
macrumors 68000
 
Join Date: Apr 2009
Location: USA
Quote:
Originally Posted by luckydcxx View Post
I would love to know how much Goldman Sachs is paying him to leave.
He is joining goldmans board. He will be doing considerably less work. He probably just wanted to retire from working everyday in a high stress job. Good luck to him. He served Apple well.
brendu is offline   2 Reply With Quote
Old Mar 4, 2014, 08:22 AM   #35
DaveTheRave
macrumors 6502
 
Join Date: May 2003
What's interesting is that the new Apple CFO might have a different opinion about how to manage Apple's huge cash hoard. Maybe later this year we'll read about a larger dividend or another buyback, etc. Technically it's still Cook's call but surely the new CFO will have his ear. That's why this is news. Not the Goldman part of the story.
DaveTheRave is offline   0 Reply With Quote
Old Mar 4, 2014, 08:22 AM   #36
UnfetteredMind
macrumors 6502
 
Join Date: Jun 2012
Will he get a gold iWatch on his retirement?

Enjoy your post-Apple time Peter, you've earned it.
UnfetteredMind is offline   0 Reply With Quote
Old Mar 4, 2014, 08:27 AM   #37
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Contrast this to Apple's last organizational announcement when they announced Scott Forstall was leaving. He got one sentence, and it didn't even wish him well in his future endeavors. Just shows how much he must have been disliked at Apple, at least amongst the executive team.

Quote:
Apple also announced that Scott Forstall will be leaving Apple next year and will serve as an advisor to CEO Tim Cook in the interim.
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is online now   0 Reply With Quote
Old Mar 4, 2014, 08:28 AM   #38
mccldwll
macrumors 65816
 
Join Date: Jan 2006
Quote:
Originally Posted by tbrand7 View Post
He's on the board of directors. That is not a full time job. Even so, board of directors usually don't get paid. If he is getting paid, it won't even be close to a fraction of what he was making at Apple. Besides, as I said, being on the board of directors is not a full time job. Tim Cook is on the board of directors at Nike, yet he still finds time to run Apple

No. Directors of large, profitable, publicly held corporations generally get paid well. At GS, it's @$500K per year--paid in GS stock. Not too bad for a dozen meetings a year.
mccldwll is offline   1 Reply With Quote
Old Mar 4, 2014, 08:28 AM   #39
Crosscreek
macrumors 65816
 
Join Date: Nov 2013
Location: Margarittaville
What makes for a good company are great products and good profits. What makes for a great company is added social responsibility. I would like to think this is the way that is headed.
Crosscreek is offline   0 Reply With Quote
Old Mar 4, 2014, 08:28 AM   #40
Lesser Evets
macrumors 68030
 
Lesser Evets's Avatar
 
Join Date: Jan 2006
If I was a financial officer in Apple, I'd leave as well after Cook announced he's a crazy fool that won't disclose spending to investors. There is no mistake why this man is leaving a couple days after Cook's bizarre flip out; there are no coincidences.
__________________
2x1.86 BSEL Pro 1,1; 5770; 16GB RAM
Lesser Evets is offline   3 Reply With Quote
Old Mar 4, 2014, 08:29 AM   #41
Squeak825
macrumors regular
 
Join Date: Sep 2007
Quote:
Originally Posted by TC03 View Post
Why does this article mention 'retirement'? He's not retiring, he's leaving for Goldman Sachs, right?
Being on a board is like a once a month job. It is not full time.
Squeak825 is offline   0 Reply With Quote
Old Mar 4, 2014, 08:30 AM   #42
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Quote:
Originally Posted by TC03 View Post
Why does this article mention 'retirement'? He's not retiring, he's leaving for Goldman Sachs, right?
He's joining their board of directors, he's not working for them.
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is online now   0 Reply With Quote
Old Mar 4, 2014, 08:33 AM   #43
rdlink
macrumors 68000
 
Join Date: Nov 2007
For all of those thinking that he is leaving Apple to take another job at Goldman, that's not what's happening here.

Boards of directors are quite often made up of executives from other companies, former political figures and former high level-government leaders (Think cabinet members).

They meet several times a year to offer their views and broadly discuss general strategic policy and planning for the enterprise or non-profit on whose board they serve. People often use the compensation for serving on a board (typically $200K to $400K annually) as a sort of pension. Although in Oppenheimer's case I doubt seriously he needs it. The timing of these two announcements sort of makes sense. Peter Oppenheimer, CFO of Apple, one of the most financially successful companies on the planet dresses up the board of Goldman. A couple of days later he announces his retirement. His name had more panache before then.

Step back and think of this. As an earlier poster mentioned, a lot of people at this level do what they do for their own egos and legacy. I'm sure Oppenheimer probably looked at Goldman's issues over the years, and said to himself, "I'd bet I could make a difference if I were on their board."
__________________
Desktop, Desktop, Laptop, Phone, Tablet
rdlink is offline   1 Reply With Quote
Old Mar 4, 2014, 08:35 AM   #44
CausticPuppy
macrumors 65816
 
Join Date: May 2012
Quote:
Originally Posted by TC03 View Post
Why does this article mention 'retirement'? He's not retiring, he's leaving for Goldman Sachs, right?
Being on a board of directors is not a full-time job. In fact it's barely even a part-time job.


It means spending more time cruising around on a yacht or something.
__________________
2011 Mac Mini Server, 16 GB RAM, 256GB Crucial M4 SSD, 500GB HDD + 3TB NAS
Haswell rMBP 13" - i7/512GB
Mac Mini 1.83GHz Core2Duo, 3GB RAM, 60GB SSD
iPad Air/iPhone5S
CausticPuppy is offline   0 Reply With Quote
Old Mar 4, 2014, 08:37 AM   #45
vomhorizon
macrumors 6502a
 
Join Date: Sep 2013
Quote:
Originally Posted by Squeak825 View Post
Being on a board is like a once a month job. It is not full time.
Correct, most board members do not count membership as a full time employment. Tim cook works for apple and is a board member at Nike. He doesnt work for nike . Its also not uncommon for board members to serve on the boards of multiple multi-national corporations..

http://www.gene.com/about-us/leaders...s/art-levinson
vomhorizon is offline   0 Reply With Quote
Old Mar 4, 2014, 08:38 AM   #46
John.B
macrumors 68040
 
Join Date: Jan 2008
Location: Flyover Country
Now if they would just show Bill Campbell the door.

I realize he was a long time Friend-of-Steve, but the Mac versions of his company's product lines are an total embarrassment, and have been for years now.
__________________
Apple develops an improved programming language. Google copied Java. Everything you need to know, right there.
MG632LL/A ME344LL/A FB463LL/A MD388LL/A MD199LL/A MC572LL/A FC060LL/A MD481LL/A
John.B is offline   0 Reply With Quote
Old Mar 4, 2014, 08:38 AM   #47
Solomani
macrumors 68000
 
Solomani's Avatar
 
Join Date: Sep 2012
Quote:
Originally Posted by thedeejay View Post
And then there were four (Ive, Schiller, Cue & Fredigsinsks {or however it's spelt})
Fettucini!
Solomani is offline   0 Reply With Quote
Old Mar 4, 2014, 08:39 AM   #48
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Now I'd love it if Apple would announce they're no longer providing guidance to Wall Street and no longer releasing shipment figures. Google doesn't provide guidance. Hardly any of Apple's competitors consistently provide sales figures. If the SEC doesn't require guidance, doesn't require Apple to disclose how many iPhones they shipped in a quarter then Apple should stop providing it. This is one area where I think they should follow their competitors.
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is online now   1 Reply With Quote
Old Mar 4, 2014, 08:39 AM   #49
brianvictor7
macrumors 6502
 
Join Date: Oct 2013
Location: Midwest, US
Wow. What is up with the sour comments here? I don't know a thing about the guy. Why is he being compared to a vampire squid and the like?
__________________
Macbook Pro Retina 13" (2013) iPhone 5S iMac 21.5" (2009)
brianvictor7 is offline   1 Reply With Quote
Old Mar 4, 2014, 08:40 AM   #50
icloud87
Banned
 
Join Date: Mar 2014
now,some apple leader leave company ,

scott forstall
bob mansfield
and this guy and couple more guy

apple leader now how many left , 7 or 8

these could tell , apple going down slowly
icloud87 is offline   2 Reply With Quote

Reply
MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Apple CFO Peter Oppenheimer Joins Board of Directors at Goldman Sachs MacRumors Mac Blog Discussion 43 May 13, 2014 07:36 PM
Apple CFO Peter Oppenheimer Speaks About Apple Campus 2 at Cupertino Press Conference MacRumors MacRumors.com News Discussion 79 Oct 21, 2013 01:14 PM
Apple CFO Peter Oppenheimer Sells $16.4 Million in AAPL Stock MacRumors Mac Blog Discussion 45 Jul 30, 2013 11:12 PM
Apple CFO Peter Oppenheimer: Apple to Have 'Very Busy Fall' MacRumors MacRumors.com News Discussion 145 Jul 25, 2013 02:02 PM
Apple CEO Tim Cook and CFO Peter Oppenheimer Testify In Front of Senate Committee on Tax Strategies [Hearing Over] MacRumors Politics, Religion, Social Issues 547 May 28, 2013 07:33 PM

Forum Jump

All times are GMT -5. The time now is 09:14 AM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC