These guys are my idols. In twenty years this is where I want to be: filthy rich and running a flourishing company.
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Apple Awards Executives 1,000,000 Shares of Stock to Stay Until 2016
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Sure, everyone from the factory workers to CEO works hard, but income is a function of responsibility, and I'm willing to agree that the CEO's decisions have many many times more impact on the company than those at the bottom of the totem pole.
Is 360 million dollars total to keep top people worth it to a company that has tens of billions of dollars of revenue every quarter, due in large part by the decisions made by these people? I would say so. It's called an investment.
Is 360 million dollars total to keep top people worth it to a company that has tens of billions of dollars of revenue every quarter, due in large part by the decisions made by these people? I would say so. It's called an investment.
It is noteworthy that you'll certainly pay more in taxes under a non-progressive flat tax scheme, and you're okay with that. I'n right with you, actually. Between deductions for college loans, childcare, mortgages, etc., I've probably averaged 2% federal tax rate over the last decade at the most, with a few years of 100% refunds. I'd gladly ramp that up if it meant that the rate remained consistent throughout the income range so that the successful were not penalized for their productivity.
When you're getting paid this much, the real wealth to pursue is your legacy. Jony's muse is not going to hang around forever, so if I'm him, I look to see what kind of legacy I can build before I push off. Dieter Rams would probably be a household name if Braun was a household name, like Apple is. Jony's wagon is hitched to a star right now, a star with a lot of momentum. Apple still has some fantastic opportunities to dent the universe, and as an artist, what else could you really ask for? When you're at the top and all alone, the last thing you have to overcome is success.
This is also about optics.
We used to hear about Steve Jobs' $1 salary (and before anyone brings up his vast amount of Apple and Disney stock, I know about them, but I'm talking about what's reported, and that was his salary, not his stocks), but now will instead hear about Apple's top execs being paid between $40 and $60 million.
Secondly, I don't recall this happening before at these amounts, which obviously creates the optic that Apple is worried that it will lose the top people. But maybe they aren't as loyal to the company as a lot of their customers? Or are Apple worried about the future?
Optics matter.
We used to hear about Steve Jobs' $1 salary (and before anyone brings up his vast amount of Apple and Disney stock, I know about them, but I'm talking about what's reported, and that was his salary, not his stocks), but now will instead hear about Apple's top execs being paid between $40 and $60 million.
Secondly, I don't recall this happening before at these amounts, which obviously creates the optic that Apple is worried that it will lose the top people. But maybe they aren't as loyal to the company as a lot of their customers? Or are Apple worried about the future?
Optics matter.
Depends on what kind of society you want. Socialism isn't really what you prefer, I hear. In fact, most americans seem allergic to it because they don't want to give money to people not as successful as them, regardless of reasons. But it is a research fact that a more equal society is the best one. How to achieve that if we only care about ourselves in this world? Poor get poorer, and rich get richer isn't the answer.
I hate these insane stock grants. 1000000 shares = 400 million dollars, at least.
Steve always said to make great products and then make profit. To reward people for a 100 billion year send signals like the mid 80 Apple. To maximize profit before making great products.
So history will repeat. We will see a couple of great Apple years before they will start to fall like old Apple.
As a shareholder I don't like that they dilute my shares. Apple should do like HTC. When HTC gave shares to their employes they bought the shares from the market = the stockholders shares where not diluted. HTC also at the same % bought back shares and burnt them.
So HTC rewarded both the employes and the shareholders.
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Ive is great. But he should love Apple, not getting money from Apple.
He can't get the same job, creative freedom as he have at Apple. Let him try at Dell, or some company like that. As soon Ive starts to demand different screws on the machines he is toast.
Instead of burning hundreds of millions of shareholders money, they should use the money for something meaningful. Like Steve Jobs church or something like that. Lets make this a religion and tax deductible.
Steve always said to make great products and then make profit. To reward people for a 100 billion year send signals like the mid 80 Apple. To maximize profit before making great products.
So history will repeat. We will see a couple of great Apple years before they will start to fall like old Apple.
As a shareholder I don't like that they dilute my shares. Apple should do like HTC. When HTC gave shares to their employes they bought the shares from the market = the stockholders shares where not diluted. HTC also at the same % bought back shares and burnt them.
So HTC rewarded both the employes and the shareholders.
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Ive is great. But he should love Apple, not getting money from Apple.
He can't get the same job, creative freedom as he have at Apple. Let him try at Dell, or some company like that. As soon Ive starts to demand different screws on the machines he is toast.
Instead of burning hundreds of millions of shareholders money, they should use the money for something meaningful. Like Steve Jobs church or something like that. Lets make this a religion and tax deductible.
ETA: The execs should love apple - not getting money from Apple.
Ive is worthy - if not more so than all of the executives that got shares. Maybe he has his own deal. Maybe he's working on a deal. Or maybe internally it's know that he's leaving. No one knows.
And who said he would go to another company (which I imagine ANYONE would welcome him with open arms and give him latitude) - but he could very well be interested in starting his OWN company.
Regardless - my point was straightforward - losing Ive would be a definite blow. So I hope that is not in the near future.
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Say who? Who awarded these shares? Apple? Who exactly is "Apple"? Let's just say it like it is: the boys "awarded" themselves, 'cos who the hell is to say they couldn't, now that the minder don't mind!
Occupy Cupertino anyone?
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I agree with this completely. People need to wake up. It's way unbalanced.
scoobydoo99 said:
I agree with this completely. People need to wake up. It's way unbalanced.
I will be upset if Apple pays out dividends. I want them to use that money to lock up suppliers, continue their vertical integration, migrate away from Samsung, increase their R&D, continue hiring great employees and purchase strategic companies that add value to the company and its products. In other words, I will make one HECK of a lot more money off the stock I hold than off the paltry few dividends we'd get.
60 million spread over the next 5 years for such stellar performers doesn't seem unrealistic to me. Look at those financial industry execs who made $60 million even after their companies got bailed out during the 2008 crisis. In contrast, these people at Apple are seriously critical to Apple's success.
I only wonder why Jony Ivy didn't get a cut. Maybe it's coming after the next major product announcement. ;-)
Add me to someone who agrees with everything you quoted there. It's as if one of these execs is leaving the money in a will for some of the posters here.
I'm all for rewarding success. But where's the announcement that Apple will be giving out __% raises to ALL employees.
And hey - maybe they ARE and will be doing that too. But these payouts are exactly the issue at hand.
the story tells us,if you want to feed the hungry ,home the homeless,you shoud stand high enough to do these things with your own ablity.
A research fact? Really? Whose research would that be? Probably not the current Greek population.
You know what's obscene? Income redistribution. And don't forget what Margaret Thatcher once said (probably paraphrased, not sure it's the exact quote).
"The problem with Socialism is that eventually you run out of other peoples money."
All of you are so quick to complain about what other people earn. Blah blah. It's a simple fact of life that some are more talented, more driven, more capable, more dedicated than others. There is no big sign in the sky that says life is fair. Sometimes it sucks. Bust your ass and do the best you can. Get a life. Deal with it, and stop bitching and moaning about somebody else.
Uh... "the boys" can't award themselves diddly-squat. Only the Board of Directors can approve something like this.
Occupy yourself.
Steve was chairman of the board when the board awarded Tim Cook 1,000,000 shares. Many times as CEO Steve urged the board to make mega grants to top executives to tie them to Apple to keep them from getting poached by competition.
How very enlightening! The Apple BOD is nothing but a bunch of do-nothing stooges, starting with that stuffed up loser Gore. All BODs are like that.