Apple Awards Executives 1,000,000 Shares of Stock to Stay Until 2016

[hobo.hopkins]

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.

So anyone who has an opinion that differs from yours is deluded? Furthermore, they are also brainwashed? Is it not possible for two people to rationally examine a situation and come to different conclusions? In your book, apparently not.

These compensations for executives aren't about what they "deserve". It's all about what they are worth to Apple. And they are worth this much money.

 

[imwoblin]

Wirelessly posted (Mozilla/5.0 (iPhone; CPU iPhone OS 5_0 like Mac OS X) AppleWebKit/534.46 (KHTML, like Gecko) Version/5.1 Mobile/9A334 Safari/7534.48.3)

This is one of the best threads I've read in some time! I'm surprised Arn has let it go this long. The mud slinging and personal insults by the nutcases from both the left and right who declare ' it's my way or the highway' is hilarious. I dont even need to read the Sunday comics to get my comedy relief this morning.

 

[Akamatsu]

Bad timing

A mere one month after Steve Jobs passes away, there is a major feeding frenzy at the huge trough of cash that his creativity, vision, and commitment to Apple produced.

 

[jca24]

A mere one month after Steve Jobs passes away, there is a major feeding frenzy at the huge trough of cash that his creativity, vision, and commitment to Apple produced.

dude, your posts suck, you don't have a clue. Go back down to your mothers basement and play your video games.

 

[CalWizrd]

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... I'm surprised Arn has let it go this long..

I think Arn is enjoying it. He's contributed a bunch of good posts himself.

 

[leroypants]

Steve didn't have a salary. Do they?

Steve did not have a salary because he was cheating the government out of rightfully owed taxes. Steve was greedy and took pride in cheating the government out taxes (vote down if you know it's true but are just a Jobs defending fanboy).

 

[CalWizrd]

Steve did not have a salary because he was cheating the government out of rightfully owed taxes. Steve was greedy and took pride in cheating the government out taxes (vote down if you know it's true but are just a Jobs defending fanboy).

Another candidate for a Darwin Award.

 

[jgrahame]

Steve did not have a salary because he was cheating the government out of rightfully owed taxes. Steve was greedy and took pride in cheating the government out taxes (vote down if you know it's true but are just a Jobs defending fanboy).

Steve drew a salary of $1 to fulfill the legal requirements of being a paid employee. He received several billion dollars in restricted stock options in early 2006 for his success in leading the turnaround of the company. Like the other Apple executives, his stock options required him to stay with the company for a few year and was completely legal.

 

[Chupa Chupa]

A mere one month after Steve Jobs passes away, there is a major feeding frenzy at the huge trough of cash that his creativity, vision, and commitment to Apple produced.

Hardly. It's called retaining talent. Apple needs these guys more than ever & can't afford to see them picked off by a rival or seeing them start there own biz. You do realize none of this stock vests until 2013 & 2016. There is no guarantee Apple stock will be worth $400 in 2013. Its value depend on the very execs getting the stock. If they screw up there is no pay day. OTOH if they take Apple to the next level that stock will be worth a whole lot more than it s today.

So you see it's not greed. Only Hard work gets the reward here.

 

[godrifle]

How about...

...some dividends for shareholders?

 

[Chupa Chupa]

...some dividends for shareholders?

If you want dividends go by an income stock like Exxon. Apple is a growth stock. Apple has made better use of its cash to help shares increase in value at a far better rate than a 2% dividend.

 

[jackc]

Steve did not have a salary because he was cheating the government out of rightfully owed taxes. Steve was greedy and took pride in cheating the government out taxes (vote down if you know it's true but are just a Jobs defending fanboy).

Pretty sure what he was doing was legal, the IRS probably knew of his existence. In which case, how was it cheating?

Maybe you should figure out if you had any cash income that you didn't claim on your taxes.

 

[wacomme]

Hardly. It's called retaining talent. Apple needs these guys more than ever & can't afford to see them picked off by a rival or seeing them start there own biz. You do realize none of this stock vests until 2013 & 2016. There is no guarantee Apple stock will be worth $400 in 2013. Its value depend on the very execs getting the stock. If they screw up there is no pay day. OTOH if they take Apple to the next level that stock will be worth a whole lot more than it s today.

So you see it's not greed. Only Hard work gets the reward here.

Except for Ivy, these execs were lackeys for Jobs. There aren't worth retaining. Get new blood into Apple and don't pay them insane amounts of money. Money rarely buys creativity and talent. Money often makes one complacent, holding onto the status quo - meaning no change. That's not good for Apple.

 

[divinox]

If you want dividends go by an income stock like Exxon. Apple is a growth stock. Apple has made better use of its cash to help shares increase in value at a far better rate than a 2% dividend.

1) Why stop at 2%, last dividends from HM for example ran at approx 5%
2) Apple has 80 bn just sitting, and no indication that itll run dry any time soon. Would it hurt to pay out 20bn of that? :- )

After all, that is what it all comes down to. Can Apple make more use out of the 80bn than the stockowners could on their own.

 

[AidenShaw]

Steve drew a salary of $1 to fulfill the legal requirements of being a paid employee. He received several billion dollars in restricted stock options in early 2006 for his success in leading the turnaround of the company. Like the other Apple executives, his stock options required him to stay with the company for a few year and was completely legal.

You didn't address the quote - it didn't imply anything illegal.

The point is that capital gains tax rates are lower than normal tax rates - so being paid $1/year salary and tons in stock reduces the tax load.

 

[Akamatsu]

Hardly. It's called retaining talent. Apple needs these guys more than ever & can't afford to see them picked off by a rival or seeing them start there own biz. You do realize none of this stock vests until 2013 & 2016. There is no guarantee Apple stock will be worth $400 in 2013. Its value depend on the very execs getting the stock. If they screw up there is no pay day. OTOH if they take Apple to the next level that stock will be worth a whole lot more than it s today.

So you see it's not greed. Only Hard work gets the reward here.

I hope you are right. I've been a confirmed Mac user since 1990. If these guys truly represent the "talent' behind the creation of the unique products, and the business model, etc. that have enabled Apple to be so successful, then yes, I agree with you. They should be retained.

 

[jackc]

You didn't address the quote - it didn't imply anything illegal.

The point is that capital gains tax rates are lower than normal tax rates - so being paid $1/year salary and tons in stock reduces the tax load.

And that income has already been taxed.

 

[CalWizrd]

Except for Ivy, these execs were lackeys for Jobs. There aren't worth retaining. Get new blood into Apple and don't pay them insane amounts of money. Money rarely buys creativity and talent. Money often makes one complacent, holding onto the status quo - meaning no change. That's not good for Apple.

Where do you people come up with your absurd pronouncements? Are you actually a high level Apple executive posting your frustrations on this forum?

It's amazing that people who wouldn't have the business knowledge to operate a lemonade stand in the summer feel the need to impart their acumen here. Apple is one of the most successful corporations (from both the product innovation perspective and the financial/earnings perspective) to come along in a very long time. Somehow you possess the insight to determine how they should operate?

Laughably pathetic.

 

[Akamatsu]

Except for Ivy, these execs were lackeys for Jobs. There aren't worth retaining. Get new blood into Apple and don't pay them insane amounts of money. Money rarely buys creativity and talent. Money often makes one complacent, holding onto the status quo - meaning no change. That's not good for Apple.

This is my fear. I've seen all too often that big salaries cause people to go into a "self preservation" mode were creativity becomes too risky. Why stick your neck out and risk losing all that money? Just maintain the status quo.

Since Ives was given complete creative freedom, shouldn't he be the one to be retained?

 

[jackc]

1) Why stop at 2%, last dividends from HM for example ran at approx 5%
2) Apple has 80 bn just sitting, and no indication that itll run dry any time soon. Would it hurt to pay out 20bn of that? :- )

After all, that is what it all comes down to. Can Apple make more use out of the 80bn than the stockowners could on their own.

Looks like Apple could staff the CEO and CFO position from this forum, save millions of dollars, and allocate their capital more effectively.

You know that money isn't earning 0% interest, right?

 

[jegi]

Bonuses for the OTHER 99.9% - PLEASE!

Wtf?

 

[wacomme]

Do some of you really think that these Apple execs are worthy of this money? Personally, I believe I could do just as well as these execs if I were in their positions, and probably better. I don't place these people on a pedestal. Many of them are probably wonderful people and excellent managers, but this kind of money nobody deserves. Nobody is irreplaceable (Jobs came closest).

 

[divinox]

Looks like Apple could staff the CEO and CFO position from this forum, save millions of dollars, and allocate their capital more effectively.

You know that money isn't earning 0% interest, right?

Stop being an ass. And yes, i do know that they are earning interest on that money. I also know that capital investment is not part of Apples core competence.

That is, Apple have no business hording money they cannot put to good use. And no, that does not equal interest bearing placements.

(That said, the problem is not that Apple has invested in interest bearing papers, but that it "does not know what to do with (all) of its money; i.e., im not questioning that Apple has cash, im questioning the amount of cash that they are currently carrying... or rather, whether or not said money is being put to efficient use.)

Disclaimer: I sold my Apple stock. I dont really care. Just saying.

p.s.

and yeah, allocating their capital more efficiently is what its all about. their being share holders, not Apple.

 

[wacomme]

Where do you people come up with your absurd pronouncements? Are you actually a high level Apple executive posting your frustrations on this forum?

It's amazing that people who wouldn't have the business knowledge to operate a lemonade stand in the summer feel the need to impart their acumen here. Apple is one of the most successful corporations (from both the product innovation perspective and the financial/earnings perspective) to come along in a very long time. Somehow you possess the insight to determine how they should operate?

Laughably pathetic.

You know nothing of my background, experience, and abilities, while I know a little about the Apple execs. Whose pronouncements are more absurd?

My point is that talent is everywhere, and people can be replaced. Execs are NOT gods.

 

[Akamatsu]

Where do you people come up with your absurd pronouncements? Are you actually a high level Apple executive posting your frustrations on this forum?

It's amazing that people who wouldn't have the business knowledge to operate a lemonade stand in the summer feel the need to impart their acumen here. Apple is one of the most successful corporations (from both the product innovation perspective and the financial/earnings perspective) to come along in a very long time. Somehow you possess the insight to determine how they should operate?

Laughably pathetic.

None of us have the business knowledge to run a lemonade stand. If we did, we'd be out running our lemonade stands rather than wasting our time jacking off on this forum.