Apple Executives Dominate Highest-Paid List Among S&P 500 Companies

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Apr 15, 2013.

  1. macrumors bot

    MacRumors

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    Bloomberg Businesweek reports that a survey of executive compensation at Standard & Poor's 500 companies for fiscal 2012 shows four Apple executives holding down the second, third, fourth, and fifth slots behind Oracle CEO Larry Ellison. The group of Apple executives, which does not include CEO Tim Cook, benefited from a massive stock grant shortly after the death of Steve Jobs, with the grants vesting in equal parts in 2013 and 2016 as incentives to keep the executives at the company.
    The four Apple executives each received 150,000 shares as part of their grants, with the shares worth approximately $64 million each at today's stock price. Salary, bonuses, and other compensation pushed 2012 totals for Sewell, Williams, and Oppenheimer close to $70 million. Mansfield topped the group of Apple executives with total compensation of $85.5 million, as he received accelerated vesting of shares as an incentive to remain at Apple after he had announced his retirement.

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    Two other Apple executives saw major stock grants in November 2011, with marketing chief Phil Schiller receiving the same 150,000 restricted stock units as the other senior executives and Internet Software and Service head Eddy Cue receiving 100,000 units just two months after receiving another 100,000 units in recognition of his promotion to the senior vice president level. Schiller and Cue were not, however, included in Bloomberg Businessweek's rankings, as their total compensation is not publicly reported by Apple.

    Cook ranked 1016th on this year's list with total compensation of $4.17 million, although he is benefiting from a previous award of one million restricted stock units made when he became CEO. Those units are worth $425 million at today's stock price, with half of the units vesting in 2016 and the remaining half vesting in 2021.

    Article Link: Apple Executives Dominate Highest-Paid List Among S&P 500 Companies
     
  2. macrumors 68040

    KdParker

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    #2
    Makes sense with the shares these guys recieve for compensation.
     
  3. macrumors 601

    Compile 'em all

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    #3
    To be honest with the amount of work these guys have to do, money doesn't really matter.
     
  4. macrumors 68000

    1080p

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    In b4 all of the liberal hippies who will come and say "no one deserves to make that much money!"
     
  5. macrumors P6

    Peace

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    #5
    Going by how much they make and what has come out of Cupertino this year so far I'd say there's one guy missing.

    [​IMG]
     
  6. macrumors 6502a

    croooow

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    #6
    That money has to go somewhere, why not the people who helped make the company so successful?

    I understand why, but I still find it very amusing that their boss was 1016th on the list while they are 2nd, 3rd, 4th and 5th.
     
  7. macrumors regular

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    #7
    Well it's only logical they got Apple to where it is today. It's Steve's vision, but without the right team it would've been difficult to get there.
     
  8. macrumors 68030

    Krazy Bill

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    Jony Ive is going to be pissed when he reads this. :eek:
     
  9. macrumors 68000

    1080p

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    Well these ARE the guys who make Safari seem snappier! ;)
     
  10. vmistery, Apr 15, 2013
    Last edited: Apr 15, 2013

    macrumors regular

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    #10
    Makes sense to me. Now what would be interesting / revolutionary is if they linked top earners pay to bottom earners (foxconn workers taking into account cost of living difference) pay

    EDIT: To clarify I mean by linked pay not the same but but a limited multiple
     
  11. macrumors 6502

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    rolling in dough

    who doesn't love money
     

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  12. macrumors G5

    Rogifan

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    #12
    So if all the SVP's received similar compensation and stock grants (and no reason to think they didn't) would they be 9 of 10 highest payed execs?

    ----------

    Why? I'm sure he's glad his salary and stock options don't have to be disclosed.
     
  13. macrumors 6502a

    phillipduran

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    #13
    Ya, but their wives love it. ;)
     
  14. macrumors 68000

    1080p

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    I think doing a single simple task on an assembly line is MUCH different than making strategic decisions for one of the most valuable and influential companies in the world.
     
  15. macrumors regular

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    #15
    Thats why their pay would be much lower still. I said linked not the same.
     
  16. macrumors 68040

    the8thark

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    #16
    Maybe Cook is taking a leaf from the Jobs book and having s similarly lower salary (compared to the VPs).

    ----------

    He's poker legend that man.
     
  17. macrumors 68020

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    #17
    Read later re: Tim Cook, last year he was rewarded shares worth as much as all those 5 guys, combined.
     
  18. macrumors 68030

    ChrisTX

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    #18
    Good for them. Apple is a great company, and its execs deserve to be compensated. Hard work always pays off in the end. :cool:
     
  19. macrumors 68040

    KdParker

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    #19
    Liberal hippies?

    Seems odd that you would think liberals or hippies don't like money.
     
  20. macrumors 6502a

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    #20
    You mean the rank and file employees?
     
  21. macrumors 65816

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    #21
    Yup it's the right way to do it, most of their compensation is based on RSU. So when the stock tanks in the long term so do the value of the their future RSUs. (Mansfield being smart, for cashing in early)

    .
     
  22. macrumors 6502a

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    #22
    Nine thousand six hundred trillion dollars!! That's a very generous payout, I didn't know Apple shares are now worth $64 million each!! ;)
     
  23. macrumors 6502a

    STiNG Operation

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    #23
    I agree 100%. You would have no time for anything in life.
     
  24. macrumors 6502a

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    #24
    I agree that they must do a hell of a day's work, and keeping their salaries competitive keeps them with the company.

    But most of us might not come anywhere near this kind of wealth for a lifetime of work. Puts it in a little bit of perspective.
     
  25. macrumors 65816

    MrWillie

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    #25
    They do, it's just that they don't like to earn it. #
     

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