Corporatism or power control of the top 1% - most likely related. Whatever the relationship, it's creating enough of an economic and power divide so as to create dissention among the ranks. Change is forthcoming. For those of you supporting our current capitalist system and whom believe top execs deserve their huge bonuses, "Watch Out"!
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Apple Awards Executives 1,000,000 Shares of Stock to Stay Until 2016
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Corporatism or power control of the top 1% - most likely related. Whatever the relationship, it's creating enough of an economic and power divide so as to create dissention among the ranks. Change is forthcoming. For those of you supporting our current capitalist system and whom believe top execs deserve their huge bonuses, "Watch Out"!
But only as long as someone keeps printing new money
Apple is giving the execs Apple stock- not US government stock.
Apple can't print money.....
Wow. That was certainly an objective source. A lefty professor from the sociology department of a very "progressive" California state college known for streaking after the first rain of the season, cannabis rights, barring military recruiters from coming on campus, and sporting a Grateful Dead library. To equal the level of objectivity here I would have to post links from Bob Jones University! Which, of course, I won't.
If you buy all that, nothing I could say is going to change your mind. But anyone else reading your "bullet point" list should consider the source.
The liberal arts college I graduated from in '95 refused then, and still refuses, to grant degrees in sociology. They offer anthropology and gender studies instead. Their rationale was that it is not real science. Can't test hypotheses, can't control enough variables, can't replicate experiments. It's all based on correlations and dubious means of acquiring data, and models to cook that data to say whatever you want it to. No way of determining causality, and opportunities for spurious correlations abound. Reading tea leaves. Sometimes this research produces some entertaining results, and may offer some insights, but certainly nothing one could ever trust or depend upon to be hard and fast truth. Not like a real science, where water boils @ 100ºC at sea level air pressure no matter where on Earth you fire up the Bunsen burner.
Anthropology is based off of hard evidence (archeology, skeletal remains, etc.). Gender studies doesn't make any real claims to being a science. granting degrees in either doesn't undermine the standards of what constitutes a science.
BTW my best friend has a Soc degree and I needle him about this all the time. He counters with "national surveys and my carefully designed data anaysis have conclusively determined that you are a jerk."
Xactly !
And thats why someone is "loosing" that money ...
Could be the lower ranks at Apple who won't get a 5$/week raise.
Could be the shareholders as such a move does decrease Apple's real value (hard to gauge as share prices are more controlled by emotions and mob-rule than real value).
But in the end, everytime one person gets 1$ another person has to give 1$....
I agree with you to some degree. In the U.S., worker's right are highly variable. There are companies who give their workers great benefits. Some, not so much.
I was a medical resident a few years ago. I was working 80 hours per week for less than $50,000. I did this with the (unwritten) promise that I would be making much, much more afterwards. My wife and I have over $250,000 in loans for med school and we will be paying them back over 30 years (another crazy feature unique to the U.S. medical system). I come from a blue collar family, so I guest I'm one of those people "stuck" in the American lower class.
I pray that the democrats never pass their socialized medicine agenda. Then I'll be make $80,000 per year with debt that I'll never be able to pay back. I suppose if I went to school for free, then I would accept this type of pay.
And things aren't peachy for UK doctors either. I have many colleagues would have come to the U.S. to escape the UK medical system. In the U.K., the government will only support X amount of a certainly specialty. If all the sub specialist spots are filled, your SOL until one of them dies to free up a spot.
P.S. After working this hard, sacrificing many past friendships, ignoring my family, and accumulating enough debt to be considered a 2nd mortgage, I'll be damned if even 1 penny of my money is re-distributed to people who choose to take government handouts as a career.
No employee had to give any money for those execs to get those shares. Apple did not take pay from it's employees to issue these shares. Also these are shares, not straight up cash. If they choose to sell their shares, then some other investor (like you or me) would be buying them if we happen to be looking to buy some AAPL. Apple does not buy back shares.
Execs getting that money does not make any Apple employees or anyone else have more or less money.
Uhm. Tons of anthropology is and has been sociology, albeit in oft-located in foreign environments. Second, gender studies make plenty of claims to being a science.
The person who "lost" the money paid someone in a mutually beneficial transaction.
Other than Jonathan Ive, most of Apple's current top management are simply corporate schmucks more adept at politics that endowed with creative talent.
None of them deserves the large bonuses they just doled out to themselves. But that's the way of modern corporate America. They seat at each other's boards and scratch each other's backs. Small shareholders are too fragmented and often too dumb/oblivious to do anything about it and there is no meaningful regulation to prevent it.
Jobs was a psychopath, but he was a psychopath who was largely good for Apple. Without him, I fully expect Apple to become another HP in a decade: unfocused and with mediocre product. Hope I am wrong.
None of them deserves the large bonuses they just doled out to themselves. But that's the way of modern corporate America. They seat at each other's boards and scratch each other's backs. Small shareholders are too fragmented and often too dumb/oblivious to do anything about it and there is no meaningful regulation to prevent it.
Jobs was a psychopath, but he was a psychopath who was largely good for Apple. Without him, I fully expect Apple to become another HP in a decade: unfocused and with mediocre product. Hope I am wrong.
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With over 500 posts on this thread I'm trying to understand why this is even news at all. Are Apple fans so engrossed with the company that even mundane financial news becomes hot gotta-gotta-read Mac News?
I really like my three Macs (as computers, not religious symbols) but I'll leave the idolatry and Apple-awe to the folks over at appleinsider.com and maclife.com. Enough is enough!
I really like my three Macs (as computers, not religious symbols) but I'll leave the idolatry and Apple-awe to the folks over at appleinsider.com and maclife.com. Enough is enough!
Not to totally dismiss the Apple fanboy phenomenon, but this thread going 500 posts has little to do with that.
It has gone this far because left-leading Mac fans can't resist the bait of top execs getting huge bonuses--even Apple execs--without offering an objection. To refrain from comment would be to tacitly approve, and, in so doing, disavow their affiliations and/or sympathies with their brothers and sisters in the OWS movement. So complain they must, lest they be hypocrites.
Conservative Mac fans (and there are a lot of them, actually) are enjoying the show and and throwing just enough logs on the bonfire to keep it well stoked.
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Business as usual
This could be the beginning of the end for Apple. It appears to be a post Steve Jobs cultural shift away from creativity, and towards individual greed. These greedy bastards will run Apple into the ground. Well, it was fun while it lasted.
This could be the beginning of the end for Apple. It appears to be a post Steve Jobs cultural shift away from creativity, and towards individual greed. These greedy bastards will run Apple into the ground. Well, it was fun while it lasted.
I think it's obvious that neither of us will change the other's mind. Regardless of the source, if you can't read that bullet list and recognize that that's how our system works, you are seriously deluded. It's pretty straightforward and it's not even really that "hidden" or "secret" - they can openly operate that way with impunity because the system is designed to condition people like you to believe exactly as you do.
I don't blame you. They taught you to think that way.
I am originally from the granite bedrock of Wisconsin. Earthquakes freak me right out! Maybe a little weed is the best way to wait out a tremor?all wonderful things
we love it here on the Left Coast. come on out!
I agree
Steve Jobs set Apple apart from any other American corporation. Now that he is gone, well, I'm sorry, but you may be right.
Steve Jobs set Apple apart from any other American corporation. Now that he is gone, well, I'm sorry, but you may be right.
"They?"
And who taught you these Marxism-tinged conspiracy theories? Your professors at school?
FWIW I grew up in an extremely liberal family, and my alma mater was a liberal arts college, also very left-of-center. At age 19 I would have believed every word you've written.
Then I grew up.
What you fail to realize is a couple things...
- Apple is making tons of money. Great sales and great margins.
- These execs have been given stock options.
Given the above, the money for the executives is coming from investors, not from operating capital. Given Apple stock continues to make investors very very happy, I'm sure most investors are happy to give the top execs a bonus from their pool. Even if Apple took the cash out of it's cash reserves and paid these bonuses in cash, it would barely be a blip on the books.
So... bottom line... the execs can get these bonuses without it affecting other employees. No one at Apple has to not get a raise so these bonuses can be given.
You obviously are oblivious to Jobs own stock option plan worth billions... and the whole backdating scandal. Do you really think Jobs only worked for $1 a year?
This is outrageous!!!! Without Ivy, these executives will have nothing. Ivy should get 500,000 stocks.
As soon as Steve Jobs is gone from Apple, board members begin to reward executive excessively. I bet when Steve is still around, none of these would happen.
As soon as Steve Jobs is gone from Apple, board members begin to reward executive excessively. I bet when Steve is still around, none of these would happen.
Yeah, because Jobs was never concerned with profits, he implemented his creative vision regardless of the market. Oh wait, no he didn't, because then it would've been an art project, rather than a successful product.
Yes, and it is fun! I come back here periodically just to see if someone has posted something so moronic that it begs for an enlightened response.