New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million

Discussion in 'Mac Blog Discussion' started by MacRumors, May 5, 2014.

  1. macrumors bot


    Apr 12, 2001

    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
  2. macrumors regular


    Mar 26, 2011
    San Jose, CA
    That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.
  3. macrumors P6

    IJ Reilly

    Jul 16, 2002
  4. macrumors newbie

    Oct 28, 2007
    is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.
  5. macrumors 6502a

    Jul 6, 2007
  6. macrumors member

    Jul 13, 2013
  7. macrumors regular

    Nov 27, 2011
    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'.
  8. macrumors 6502

    Oct 15, 2010
    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.
  9. macrumors 6502a

    Nov 20, 2012
    I think it's paid out in yearly dividends (as stated in article). This encourages a long-term career at Apple.
  10. macrumors G4

    Oct 23, 2010
    They vest over time. She only gets the full amount if she stays on board for the entire time.
  11. macrumors 68030

    flat five

    Feb 6, 2007
  12. macrumors 6502

    Aug 14, 2010
    She's from Burberry she can have anything she wants
  13. macrumors 6502a

    Jul 2, 2010
    Don't care who you are... Nobody is worth that much a signing bonus
  14. macrumors 68040


    Jan 15, 2008
    Holocene Epoch
    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...
  15. macrumors 6502

    Jun 18, 2007
    Let's hope she does not quit before her first day at work.


    All she's got to do is make sure everything stays the same.
  16. macrumors member


    Mar 15, 2011
    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.
  17. macrumors regular


    Dec 4, 2010
    LOL ouch, thats a rather "nice" way to put it
  18. macrumors 6502


    Feb 8, 2013
    New York
  19. macrumors 6502

    Feb 11, 2005
    I assure you, if Apple could have acquired her for cheaper, they would have...
  20. macrumors newbie

    May 5, 2014
  21. macrumors 6502a

    Sep 25, 2007
    Upstate NY
    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.
  22. D.T., May 5, 2014
    Last edited by a moderator: May 6, 2014

    macrumors 601


    Sep 15, 2011
    Vilano Beach, FL
    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 :cool:

    Not any more. :p
  23. Chupa Chupa, May 5, 2014
    Last edited: May 5, 2014

    macrumors G4

    Chupa Chupa

    Jul 16, 2002
    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.
  24. ChrisA, May 5, 2014
    Last edited by a moderator: May 6, 2014

    macrumors G4

    Jan 5, 2006
    Redondo Beach, California

    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.
  25. macrumors member

    Sep 19, 2012
    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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