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

[Gasu E.]

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).

The entire point of restricted stock is that it ties the wealth of the person who receives it directly to the results of the company. Restricted stock must be vested over a period of years, and what the recipient ends up with depends completely on how the stock performs over that period. In contrast, a salary or cash bonus rewards a chief executive for having successfully placed his fan club on the Board of Directors.

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Correct. And if he had done something noteworthy at some other organization, I'm sure recruiters would have brought him to their attention.

Information in this area is a lot cloudier than you may imagine. I've worked as a staffer to top executives in Fortune 100 company, and sometimes the main talent some of these guys (male and female) possess is purely the way they present themselves-- that, and picking good staff.

 

[Deedlez]

This reminds me - must ask the wife for a nice wad of Apple shares for xmas!

 

[CalWizrd]

Information in this area is a lot cloudier than you may imagine. I've worked as a staffer to top executives in Fortune 100 company, and sometimes the main talent some of these guys (male and female) possess is purely the way they present themselves-- that, and picking good staff.

I agree that there are exceptional and mediocre people everywhere. I base many of my opinions on Apple's track record and the belief that it wasn't all "just Steve".

P.S. I held a VP slot at UBS some years back, and some of my peers talked a good game, but were morons.

 

[voidptr]

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.

Stock and stock option grants are not a magical tax shield that lets the company dodge paying income taxes for employees.

If a company grants an employee or executive shares, that grant is taxed at income rates on the fair value of the stock the day it vests. The only gain that's taxed at capital gains is the appreciation on the stock after the vest and the owner has held it for more than a year, same as if they purchased stock in any other company, and they can lose just as easily as win in that case if the stock goes down.

 

[wacomme]

Hey walk the walk then. Go out and get a high level exec job at a Forbes or Fortune 100 company then. Easy talk from the peanut gallery. I bet you could hit a Josh Beckett fastball too.

No one puts these guys on a pedestal. Their record speaks for itself. No one may be irreplaceable but some are harder to replace than others plus these guys have worked together for a while and if Apple needs anything now it's consistency & familiarity as it figures out the post-Jobs era.

I'm not saying that I want to be an Apple executive. However, I could do the job. Don't you think you could do the job? If not, then why not? I'm not being pompous or frivolous. I honestly believe I could do an effective job as an Apple executive. So could many of you. Don't believe the job is so grand.

I'm not capable of being a baseball player.

 

[DakotaGuy]

Well to be honest this is probably not even enough for these guys if Apple remains as profitable as it is today. They are the reason for this profit and should be rewarded properly.

Now if Apple was some other company or a bank being bailed out then I might not feel this way, however their mega profits have been made fair and square by them and these guys have done a lot to get them to that point.

 

[wacomme]

Right and Jobs authorized a grant for Tim that is about the same amount as the above. These people were the best Jobs could find and no they are not easily replaceable.

Wrong. They can be replaced, and for the better.

 

[CalWizrd]

...However, I could do the job. ... I honestly believe I could do an effective job as an Apple executive...

Do you think being an "executive" involves no specialized skills? No particular experience? Are you so naive that you think senior management at a large corporation is made up of just a bunch of people who were lucky? You're quite funny.

Respond to the questions I posted previously, and then maybe I'll believe you.

 

[DakotaGuy]

Wrong. They can be replaced, and for the better.

But is finding a replacement going to be cheaper or better? Doubtful. Good people cost a lot of money.

 

[wacomme]

You just don't seem to be able to form any kind of logical, cohesive argument.

First you state that, in your vast experience, the top executives are not the brains and talent behind the company. Then you say perhaps the executives should be replaced to prevent mediocrity. That one is a real "head scratcher".

As has been reiterated ad infinitum within this thread already, the executive compensation plans rest with Apple management. If your experience in the business world is so spectacular as to be capable of determining from afar how Apple should implement their compensation packages, you should hustle your butt out to Cupertino because I'm sure they'll want to give you a big bucks consulting contract.

Just out of curiosity, what kind of business experience do you have? Ever been a senior executive in a Fortune 100 firm? Fortune 500? Ever been any level executive in any public corporation? Ever run a lemonade stand?

Jobs ran the show. The execs supported Jobs. The brains and leadership are gone. There is now nobody to support. Execs, in general, are not the creative force; they merely keep things running. Should we pay them big bucks for being esteemed secretaries?

 

[28monkeys]

But is finding a replacement going to be cheaper or better? Doubtful. Good people cost a lot of money.

Wrong. Steve Wozniak is that good people with minimum cost.

 

[wacomme]

But is finding a replacement going to be cheaper or better? Doubtful. Good people cost a lot of money.

Absolutely wrong. The people who changed the world for the better were rarely paid a lot of money until after they did great things.

Apple execs merely followed Jobs lead. Jobs was the change-maker.

 

[CalWizrd]

Jobs ran the show. The execs supported Jobs. The brains and leadership are gone. There is now nobody to support. Execs, in general, are not the creative force; they merely keep things running. Should we pay them big bucks for being esteemed secretaries?

Aha! I've figured it out.

You're about 15 years old, right?

You can't have ever worked for any corporation, if you have such a childlike, naive perspective.

 

[Bubba Satori]

Wrong. Steve Wozniak is that good people with minimum cost.

Yep.

 

[wacomme]

Aha! I've figured it out.

You're about 15 years old, right?

You can't have ever worked for any corporation, if you have such a childlike, naive perspective.

Perhaps you've been brainwashed by the system and what other people tell you the way it should be. Think for yourself. So many of you seem to be sheep with the execs as light in your eyes. The status quo is dead. Embrace change.

You've transposed my age numbers, and thank you. I don't want to think like someone steeped in tradition.

 

[imageWIS]

P.S. I held a VP slot at UBS some years back, and some of my peers talked a good game, but were morons.

That makes no sense to me. The point of business is primarily to make money (this point should be driven home considering you worked for a Swiss bank!): why wouldn't a company get the best people that can talk the talk AND walk the walk?

 

[CalWizrd]

Perhaps you've been brainwashed by the system and what other people tell you the way it should be. Think for yourself. So many of you seem to be sheep with the execs as light in your eyes. The status quo is dead. Embrace change.

You've transposed my age numbers, and thank you. I don't want to think like someone steeped in tradition.

OK, I'll take you at your word that you are older and naive. I still have to wonder what, if any, experience you possess in any type of executive or senior management position, as your ideas as to how you could easily step into an executive position at Apple are so incredibly humorous.

As for "think for myself"... I have been there, friend. I've got more than a dozen years on you, and have held several senior positions in the corporate world.

So, your base of experience is ... ?

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That makes no sense to me. The point of business is primarily to make money (this point should be driven home considering you worked for a Swiss bank!): why wouldn't a company get the best people that can talk the talk AND walk the walk?

Because even the best companies (even Apple) don't bat 1.000.

 

[wacomme]

Do you think being an "executive" involves no specialized skills? No particular experience? Are you so naive that you think senior management at a large corporation is made up of just a bunch of people who were lucky? You're quite funny.

Respond to the questions I posted previously, and then maybe I'll believe you.

Lucky? No. The question is hypothetical. I'm not in the tech business. However, I'm smart, collaborate well with people, see the big picture, am creative and a quick learner, and can initiate change and see projects though to fruition. I'm a good leader. I'm confident and know I can run the show.

So, while jumping in might be a bit premature and offend many Apple workers for my sudden executive status, I could pull it off. And so could you. Skills are needed, and many people have the necessary skills.

 

[Avatar74]

This thread has lost all perspective, and I'd be really surprised if the forum gods actually did lock it down now that it's basically run its course and reduced itself to ad hominem attacks and hyperbolic nonsense... but the page view hits are too valuable. Journalistic integrity = 0, blogonomics = 1.

 

[CalWizrd]

Lucky? No. The question is hypothetical. I'm not in the tech business. However, I'm smart, collaborate well with people, see the big picture, am creative and a quick learner, and can initiate change and see projects though to fruition. I'm a good leader. I'm confident and know I can run the show.

So, while jumping in might be a bit premature and offend many Apple workers for my sudden executive status, I could pull it off. And so could you. Skills are needed, and many people have the necessary skills.

You could pull it off! I'm laughing so hard the tears are running down my cheeks.

I'm not going to bother going any further down this path. Your replies have more than made my case for me. I can do this, I could do that, I'm good at this, blah blah. Your total lack of perspective on management issues is somewhere in the supernova category.

Nice chatting with you, though.

 

[mccldwll]

I'm not saying that I want to be an Apple executive. However, I could do the job. Don't you think you could do the job? If not, then why not? I'm not being pompous or frivolous. I honestly believe I could do an effective job as an Apple executive. So could many of you. Don't believe the job is so grand..

Hello? You think they're not worth a large incentive and that you could do the job as well? You actually believe they haven't respectively developed skills important to the ongoing success of aapl? Here's one of your earlier posts:

"Daily Bag For Work
Perhaps this question is beyond the scope of the forum, but I'm seeking a daily commuter bag.

I have the Chinao case and a STM Jacket for my Ipad. Now I need to tote the ipad and case back and forth to work (school - I'm a teacher). Currently I'm using an Eagle Creek duffle bag for my daily transport. While it's big enough and carries all of my stuff (including gym and cycling gear), I really need a bag for the following items:
Ipad with case
Lunch (often microwavable leftovers)
Large 40 oz. stainless bottle for morning smoothie
Water bottle
Snacks
Notebooks
A few files
Apple wireless keyboard
A couple of books
Misc. small items - glasses, pens, earphones, cell phone, other.

I'm considering the Waterfield Cargo bag (probably medium), but I'm open to suggestions. I want something nicer than my duffle bag, but not a briefcase. I'd like to sling the bag over my shoulder, so perhaps I want some sort of messenger bag. I'd like to stay away from a daypack. I would prefer a bag where if my waterbottle or lunch container leaked (it does from time to time), that the leakage wouldn't damage the Ipad.

Thanks for your help!"

 

[CalWizrd]

... (school - I'm a teacher)...

Oh damn, I think I just wet my pants.

 

[wacomme]

OK, I'll take you at your word that you are older and naive. I still have to wonder what, if any, experience you possess in any type of executive or senior management position, as your ideas as to how you could easily step into an executive position at Apple are so incredibly humorous.

As for "think for myself"... I have been there, friend. I've got more than a dozen years on you, and have held several senior positions in the corporate world.

So, your base of experience is ... ?

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Because even the best companies (even Apple) don't bat 1.000.

I'm a teacher for 20+ years - elementary through high school. I've consistently had top student standardized test scores in the district (I hate standardized tests and don't believe in them, but I still get my students to perform well on them since that's what the public wants), and I've worked both the rich and poor. I'm currently writing a book that hopefully will help change the course of public education. It could flop or become a driving force for change.

Experience is important. However, experience often brings myopic vision. One of my strengths is creative thinking. So I'm hoping my experience in the educational field and my creative strength will come together to create new ideas for improving education.

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Oh damn, I think I just wet my pants.

And that's the image of teachers I want to change.

 

[JoeyBam]

I'm a teacher for 20+ years

So you're 51 (15 transposed) and you've been a teacher for 20+ years. What were you doing the rest of the time... running Exxon?

 

[mccldwll]

Oh damn, I think I just wet my pants.

I'm not knocking teachers but executives are required to make executive (as in to execute) decisions. It's a somewhat specific skill set that not everyone has (or would want) and far removed from seeking messenger bag advice on a forum.