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Apple Awards Executives 1,000,000 Shares of Stock to Stay Until 2016
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"How about this. You work your way up to that level, redistribute the wealth of the company to everyone in it, and then enjoy your place on the list of worst corporate managers in history when the company collapses because the most talented people have basically no incentive to do better than the most lazy. That'll show them all!"
Sounds like the story of "U.S. Motors" in Rand's "Atlas Shrugged".
Who is John Galt?
Sounds like the story of "U.S. Motors" in Rand's "Atlas Shrugged".
Who is John Galt?
Personally, I am more concerned with all the crazy perks our 'public servants' (e.g. - congressmen, senators, state representatives, etc.) get, often for the remainder of their lives, that come directly out of our (the citizens) pockets.
As far as private companies (including publicly traded companies) like Apple, although it may be a bit excessive, good for them. I don't own any shares of Apple stock so I could care less.
As far as private companies (including publicly traded companies) like Apple, although it may be a bit excessive, good for them. I don't own any shares of Apple stock so I could care less.
"You do realize that the right to personal property is just an agreement brought by human conflicts in the last couple thousand years, and a controversial one, right?"
The concept of "private property" and the rights of individuals to protect their own, is a fundamental and essential concept of human liberty.
It's apropos that one of the foundations of communism is the abolition of "private property".
It is telling that these two concepts are diametrically opposed.
Having written that, although I'm not opposed to the Apple Board of Directors granting large stock options and/or bonuses to their upper echelon of executives in exchange for four or five years of guaranteed service, it seems unwise to simply reward them for keeping their seats warm regardless of how well the company performs over the next several years. How much they receive should be reflective of how much revenue the company earns over that period. Don't pay people before and until they perform!
The concept of "private property" and the rights of individuals to protect their own, is a fundamental and essential concept of human liberty.
It's apropos that one of the foundations of communism is the abolition of "private property".
It is telling that these two concepts are diametrically opposed.
Having written that, although I'm not opposed to the Apple Board of Directors granting large stock options and/or bonuses to their upper echelon of executives in exchange for four or five years of guaranteed service, it seems unwise to simply reward them for keeping their seats warm regardless of how well the company performs over the next several years. How much they receive should be reflective of how much revenue the company earns over that period. Don't pay people before and until they perform!
It doesn't cost them anything, Apple has 929 million shares at the moment and this will bring that to 930 million or eluting the shares with 0,1 %. Shareholders are completely carrying this bonus.
Good for the Gates and people of Africa. Hope it eradicates malaria in the region.
Exactly. Tim Cook may be a good administrator logistically and bottom line stuff, etc.......but he is no visionary...none of them are (save for Jonny Ive who came up with the first iPod design, iMac, etc.)...its sad.
Yes, the glass ceiling.
Apple loves using women and minorities in their ads.
They just aren't welcome in the executive suite.
Pass the Grey Poupon, would you please.
This is a fine example of American capitalism at it's best. Apple is one of, if not the finest companies in the world. The executives that received these stock options are the people that helped Apple become the valuable company it is today and will help insure that the company continues down this path going forward.
I only have 2000 shares that I bought back in 2002 and 2003. These people will help my investment continue to grow in the future. This is just one example of the beauty of free market capitalism.
To all the occupy wall street and other protesters, shut up, get a job and go back to living in your moms basement.
I only have 2000 shares that I bought back in 2002 and 2003. These people will help my investment continue to grow in the future. This is just one example of the beauty of free market capitalism.
To all the occupy wall street and other protesters, shut up, get a job and go back to living in your moms basement.
Occupy Apple.
Per SI, here are the 2011 earnings of ten highly paid athletes:
Tiger Woods, 62 million
Phil Milkeson, 61 million
LeBron James, 45 million
Peyton Manning, 38 million
Alex Rodriguez, 36 million
Kobe Bryant, 35 million
Kevin Garnett, 33 million
Matt Ryan, 33 million
Tom Brady, 30 million
Dwight Howard, 29 million
Where's the angst about these one-percenters, or those in the entertainment field?
The hypocrisy is amusing.
So has the passion gone from making great products to I stead making great profits?
Cashing out is the new Apple mantra?
Cashing out is the new Apple mantra?
I agree with how funny this thread is... Many complaning also have all the apple products they own in their signature of the post... lol
Thats exactly what they just did.. They can't sell the shares until they vest in a few years, and the value at that time is whatever Apple is selling for on the market at that time. If $AAPL tanks in the next 4 years under their leadership, those shares are going to be worth significantly less than they are today.
I built a profitable company starting out living on the floor of my sister's apartment with deep debt, zero credit, zero college degree, no business experience, no investors, no help, and no money in the bank.
Missed every movie from 2001 to 2011, the few video games I do own are still shrink wrapped, and the alarm is set for 5am by default.
Bravo for them, and GREAT for you because if they did it and I did it,
surely you can do it.
Missed every movie from 2001 to 2011, the few video games I do own are still shrink wrapped, and the alarm is set for 5am by default.
Bravo for them, and GREAT for you because if they did it and I did it,
surely you can do it.
I think most people were simply using the Apple execs as an example of the excess that is happening right now and speaking much more to the overall general issues at hand.
My dream is to be filthy rich and therefore not have to run a company.
I was thinking it might have been smarter to pay out in installments, to avoid the controversy of one huge payout. But, perhaps they are worried that rich people will have to pay more taxes in the future.
I guess we all know why Johnny Ive is the only one not smiling on Apples Executive profile page. Its as if he just got done saying," take the damn picture and give me back my family."
http://www.apple.com/pr/bios/
http://www.apple.com/pr/bios/
Occupy Apple?
Well, Apple does present an interesting issue for certain groups.
Apple is very profitable. Very...
Apple uses Chinese (and other hell hole) countries for labor to create their profit.
Apple, for decades, fought the cleaning (greening) of their products. Removing PVC and lead, etc...
Apple makes a huge double digit profit on everything they sell and tends to control everything. Including, to a certain point, their competition.
YET
Apple comes up with some of the most innovative products around.
Apple has created markets where nothing even close existed, and brought others from their infancy to adulthood, and has actually benefited the world by creating follow on markets for accessories and programs and training and so much more. A whole industry has been created of companies that follow Apple and create cases and such for their products.
Apple has been very successful in keeping, and enforcing, their market cachet. They are the Häagen-Dazs of technology, the Absolute of products that signify certain things to people. Some just own Apple products for the same reason why many wear glasses: they look cool.
Apple also proved Microsoft wrong. By stubbornly refusing to license their operating system to third parties the way Microsoft did, they have near total control of the environment their hardware operates in and it makes for a more stable and robust product for users and have made a lot of money because of it.
But expecting Apple to be some altruistic haven for some socio/political dogma is wrong. Apple is a corporation, just like all other corporations. They are in the business to provide great products for the world but also a solid return for investors. Investors love the stock price of Apple. They love the ride that Apple has taken over the years, They like the value of owning Apple stock. If Apple stops providing a return for investors, Apple is in trouble. If the top half of Apple jumps ship, it makes stockholders nervous. Nervous stockholders is something to be avoided at this point.
Well, Apple does present an interesting issue for certain groups.
Apple is very profitable. Very...
Apple uses Chinese (and other hell hole) countries for labor to create their profit.
Apple, for decades, fought the cleaning (greening) of their products. Removing PVC and lead, etc...
Apple makes a huge double digit profit on everything they sell and tends to control everything. Including, to a certain point, their competition.
YET
Apple comes up with some of the most innovative products around.
Apple has created markets where nothing even close existed, and brought others from their infancy to adulthood, and has actually benefited the world by creating follow on markets for accessories and programs and training and so much more. A whole industry has been created of companies that follow Apple and create cases and such for their products.
Apple has been very successful in keeping, and enforcing, their market cachet. They are the Häagen-Dazs of technology, the Absolute of products that signify certain things to people. Some just own Apple products for the same reason why many wear glasses: they look cool.
Apple also proved Microsoft wrong. By stubbornly refusing to license their operating system to third parties the way Microsoft did, they have near total control of the environment their hardware operates in and it makes for a more stable and robust product for users and have made a lot of money because of it.
But expecting Apple to be some altruistic haven for some socio/political dogma is wrong. Apple is a corporation, just like all other corporations. They are in the business to provide great products for the world but also a solid return for investors. Investors love the stock price of Apple. They love the ride that Apple has taken over the years, They like the value of owning Apple stock. If Apple stops providing a return for investors, Apple is in trouble. If the top half of Apple jumps ship, it makes stockholders nervous. Nervous stockholders is something to be avoided at this point.
To all those people who believe it is the Foxconn worker that deserves the bonus, let me remind you that there is likely 100 twelve year-olds lined up for every 1 of those "sweat shop" positions. Why would the company pay out to workers that are a dime-a-dozen and can easily be replaced?
But I certainly do admire those workers. They are truly hard working folk that work to eat and they do it well. This is something the average U.S. worker has forgot. Workers in the U.S. are so lazy and entitled. People complain illegal immigrants are taking jobs? No, because the U.S. worker would never lower theirselves to work these jobs. For some reason, they feel "above" these jobs. There's a reason corporations have moved their manufacturing outside North America.
But I certainly do admire those workers. They are truly hard working folk that work to eat and they do it well. This is something the average U.S. worker has forgot. Workers in the U.S. are so lazy and entitled. People complain illegal immigrants are taking jobs? No, because the U.S. worker would never lower theirselves to work these jobs. For some reason, they feel "above" these jobs. There's a reason corporations have moved their manufacturing outside North America.