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Old May 5, 2014, 06:30 PM   #1
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New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million




New Apple Senior Vice President of Retail and Online Stores Angela Ahrendts has received a signing bonus potentially worth $68 million at current share prices, in the form of 113,334 restricted stock units that vest over the next four years.

Ahrendts will receive shares spread over several different vesting periods between June 1, 2014 and June 14, 2018, assuming Ahrendts stays with the company. Were Apple's share price to rise, the RSUs could potentially be worth significantly more over that time.

A restricted stock unit is a standard form of stock compensation that reward employees for staying with the company. They are used as general compensation and for employee retention. Each RSU converts to one share of stock on its vesting date, typically set annually based on award date.

Because of Apple's upcoming 7:1 stock split, awarded RSUs will be multiplied by seven to maintain value. Apple does award dividends to employee holders of RSUs as if they were standard shares, so the more than 110,000 shares that Ahrendts holds will be worth nearly $1.5 million in yearly dividend payments.

Angela Ahrendts officially joined Apple earlier this month.

Article Link: New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million
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Old May 5, 2014, 06:36 PM   #2
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That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.
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Old May 5, 2014, 06:45 PM   #3
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And she can't even hit a fastball.
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Old May 5, 2014, 06:46 PM   #4
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is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.
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Old May 5, 2014, 06:49 PM   #5
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Is she single?
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Old May 5, 2014, 06:50 PM   #6
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Do billionares even care about money?
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Old May 5, 2014, 06:50 PM   #7
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Originally Posted by joshwenke View Post
That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.
Assuming you average $200K p/a income over your 40yr working life (lucky you) her sign-on bonus is more than you'd make in 8 of your lifetimes. Jus saying'.
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Old May 5, 2014, 06:53 PM   #8
blue22
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68.0 > 13.5

Wow, nice landing Angela! No wonder she left that 13.5 million (8 million) share bonus on the table upon her early Burberry exit.
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Old May 5, 2014, 06:56 PM   #9
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is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.
I think it's paid out in yearly dividends (as stated in article). This encourages a long-term career at Apple.
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Old May 5, 2014, 07:03 PM   #10
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is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.
They vest over time. She only gets the full amount if she stays on board for the entire time.
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Old May 5, 2014, 07:06 PM   #11
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Jennifer Anniston's sister?
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Old May 5, 2014, 07:08 PM   #12
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She's from Burberry she can have anything she wants
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Old May 5, 2014, 07:11 PM   #13
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Don't care who you are... Nobody is worth that much a signing bonus
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Old May 5, 2014, 07:32 PM   #14
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I don't know if she is worth that or not, but Apple's board of directors thought John Browett and Mark Papermaster were the second coming, and they both flamed out in a big way. I just seems like a lot of money for someone who has yet to show any accomplishments.

Then again, this is the same board that grants Bill Campbell the corporate version of tenure...
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Old May 5, 2014, 07:37 PM   #15
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is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.
Let's hope she does not quit before her first day at work.

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All she's got to do is make sure everything stays the same.
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Old May 5, 2014, 07:49 PM   #16
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Don't care who you are... Nobody is worth that much a signing bonus
Agree, that is just plain stupid. I promise you, promise you, I wouldn't think I was worth that amount if I had the attainments she has.
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Old May 5, 2014, 07:56 PM   #17
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Assuming you average $200K p/a income over your 40yr working life (lucky you) her sign-on bonus is more than you'd make in 8 of your lifetimes. Jus saying'.
LOL ouch, thats a rather "nice" way to put it
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Old May 5, 2014, 08:03 PM   #18
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Why would she not? It's Apple!
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Old May 5, 2014, 08:05 PM   #19
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Don't care who you are... Nobody is worth that much a signing bonus
I assure you, if Apple could have acquired her for cheaper, they would have...
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Old May 5, 2014, 08:15 PM   #20
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while Foxconn slave away
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Old May 5, 2014, 08:30 PM   #21
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Your Kidding

NO ONE, absolutely NO ONE is worth this. And this is one of the reason's the economy is crap. Over inflated salary's.
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Old May 5, 2014, 08:36 PM   #22
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Again folks, Tim Cook isn’t walking up to her on June 1st and handing her a check for $68M - they’re vested over four years. Is it still pretty solid? Damn straight

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Is she single?
Not any more.
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Last edited by dejo; May 6, 2014 at 11:31 AM. Reason: quoted post / response deleted.
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Old May 5, 2014, 08:47 PM   #23
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The headline is a bit disingenuous. Her bonus isn't $68m, as pointed out in the actual article, but who reads anything but the headline around here. It's 113,334 RSUs. The dollar value is TBD since they have to vest before they are worth more than a plug nickel. The entire market could plummet 6% on June 1 over something unrelated Apple and she's SOL.
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Last edited by Chupa Chupa; May 5, 2014 at 09:31 PM. Reason: Typo
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Old May 5, 2014, 09:08 PM   #24
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I don't know if she is worth that or not, but Apple's board of directors thought John Browett and Mark Papermaster were the second coming, and they both flamed out in a big way. I just seems like a lot of money for someone who has yet to show any accomplishments. ....

She ONLY gets the money if she can stay four year. That means doing well enough to not get fired.

In other words, if it turns out she is NOT worth the $68M they fire her before the stocks vest.

Last edited by dejo; May 6, 2014 at 11:52 AM. Reason: quoted post / response deleted.
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Old May 5, 2014, 09:13 PM   #25
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Yet another example of the stupidity of the planet. NO ONE is worth that!
From clothing to tech even.. what were they thinking!
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