They should give me a bonus (doubling my shares held) for having stuck with them over the years...I wonder if the records exist to make such a reward to small shareholders who got in early?
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Apple Awards Executives 1,000,000 Shares of Stock to Stay Until 2016
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You would have been amply reimbursed in the form of a share price increase, and there is always the option to cash out by selling your existing shares for a decent gain.
That's why I don't understand why people keep complaining that Apple doesn't issue dividends. You want money, just sell your existing stock!
Go 1%!!!!
Thank God for the 1% who create products and jobs for the rest of us.
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Maybe they could have put some of that my towards a dividend.
Can you seriously be upset with the ROI on Apple stock?
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We need to look at the root cause for the perceived problems. Costs are going up because unions and law suits plus a lot more. We're part of the problem (e.g. lawyers and the 99%). I strongly feel that the sole reason America is so strong is because we encourage and reward hard work and performance. If the reward (e.g. money, power, freedom) of success were removed we'd become another crappy country of social equality (except for those who are "more equal than the others") and mediocrity.
Those who are complaining the loudest are probably those who are too lazy to work hard or too spoiled to appreciate what they have. I work hard and make little but I get a lot of satisfaction from my efforts and know I earned them...they weren't handed out to me.
The avg. tech company doesnt have 80bn in the bank either. If i owned AAPL stock (i dont anymore), i would do it so that my cash were put to work. If my cash is in fact just cash in Apples droors, well. I'd rather invest them myself. I think thats the main line of thinking with people wanting Apple to pay dividend. Use the money, and if you cant, pay it out and let us do our thing. Money just sitting - no thanks.
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Yes, he's going to Samsung. They paid him 1 bn won as a sign on bonus.
You would have a point if the Greek society could be considered "equal". Now, you just come across as yet another uneducated American. Good job!
While the rest of the westernized world is going to ****, the Scandinavian model still stands strong; despite the ever increasing burden of refugee streams caused by your (holy) "War on terrorism".
Wake up and smell the coffee, or wake up one morning making Apple phones for 0.7 in the new Foxconn factory. Your future, your choice.
Of course we should be protesting the cost of health care.... hell I work in the health care field and I think it's totally outrageous what things cost. However you lost me at the government fleecing part. The average workers wage has actually decreased if you take inflation into account..... that has nothing to do with the government and your so called fleecing.
Boy have you been drinking the cool aid! So the 1% makes jobs huh.... so where are these jobs? To blame unions and lawsuits for the economic problems is a silly argument that just doesn't hold water. If you can produce some proof of this I would be happy to admit I was wrong, but I bet you can't find any credible proof that what you say is true. To call people lazy because they are protesting is also very narrow minded.
Randians like to believe that "rights" are holy, near God given (without the God). When asked to explain why, they throw "axioms" in your face. Quite sad, actually. To paraphrase Mr. T. i (almost) pity the fools.
I don't begrudge anyone a living it's just the continuing disparity between what the top executives get and what the average worker makes. We can only hope that Apple shared some of their success with all who work for them. Too many times the average worker gets nothing or even worse ends up losing because of increased benefit costs while the upper tier gets an exponential increase. It's the gap that is so troubling. We are pushing middle income America closer to the poverty line.
Because, believe it or not, these people are not as valuable as you are led to believe. If history has shown us anything, it is that. Even the so called great, fail. Even the so called fail, succeed.
I read a telling story the other day about a new bank movement in Kenya (mobile banking, changing entire societies). According to the story, a man working for the telephone company one day had a great idea. After working the kinks out, he pitches his idea to the board. To his surprise the board is anything but forthcoming, calling his idea a pipe dream. A few months later the man is now unemployed. Walking down the street he sees a large crowd, and goes up to see what the fuzz is all about. What meets his eye he will never forget. Mobile banking, just as he had imagined it.
Long post, so i'll just say this. Your math is wrong. Inflation is irrelevant as quality of life in itself would be inflation adjusted, so to speak; i.e., to maintain the same QoL you'd need real - inflation adjusted - wage growth at >0.
In your terms, if 1 dollar then equals 9.29 today, all else equal doing the same job then as now would get you 9.29 times the pay. Problem is, according to his figures, you are - in essence - working 4 times "as hard", but getting less than 4 times your pay.
To examplify, we can take a situation in which you got $1 for creating a value of $10 in 1950.
in todays money (rounded up), that would equal a pay of $10 for creating a value of $100.
Problem is, you are now creating a value of $400, not $100 - but you're pay has not gone from $10 to $40. In essence, while producing MORE you are receiving a LESSER share of the value created.
Granted, to maintain our absolute standard we only need a wage level of 10. But is that fair to the worker? Shouldnt he too be able to enjoy the fruits of his now more producive labour?
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Apparently, your company doesn't care if you leave. You're easily replaceable. That's the whole issue here. Some people are easily replaceable, no matter how "hard" they work. There's a difference between working hard and doing hard work. Factory workers work hard. But it's easy work. CEOs don't "work hard" in the physical sense, but it's much, much HARDER work. There are only a few people in the world that can do it. Hence, they're much more valuable.
Don't let facts get in the way of a good yarn! Jeez.
That's the thing, though. They are aren't the ones creating the products or the jobs. The coders and engineers and factory workers are. Yeah, Jony Ive certainly takes a personal hand in hardware design, just like Steve Jobs personally dabbled in this and that section of Apple. But it's not those seven people who necessitate the jobs of all those other rank and file employees. You have it backwards. It's all those "little people" that give the CxO's a job. The reason these high rank positions are required is because Apple as an organization is that large. Do small businesses have a president and vice president of every section of their operations? No. Do they need a layer of "regional manager" administration above their local administration? No. All that extra management (and the overhead it adds to payroll) are not necessary in smaller operations. Apple wouldn't be a company large enough to require these new positions were it not hugely successful. And it's hugely successful because of the products those "regular employees" make that people want.
Many companies seem to have these extra layers of management and positions, whether they truly need them is debatable. But I can tell you that all it looks like to "the rest of us" is a bunch of guys in suits who have set themselves up to skim their living expenses from the top of the revenue heap that the rest of us earned the company.
No, it's those of us who work hard 40+ hours a week and aren't given even a cost of living raise for three years in a row. Oh, and then our employer cuts our health benefits, too. All the while handing out raises to people who could stop working for an entire year and live off their savings account with no change in lifestyle.
Apparently, your company doesn't care if you leave. You're easily replaceable. That's the whole issue here. Some people are easily replaceable, no matter how "hard" they work. There's a difference between working hard and doing hard work. Factory workers work hard. But it's easy work. CEOs don't "work hard" in the physical sense, but it's much, much HARDER work. There are only a few people in the world that can do it. Hence, they're much more valuable.
Don't let facts get in the way of a good yarn! Jeez.
Any proof is this so common claim? I'm not saying its an easy job, just suspect the merits of higher-ups are... somewhat overrated.
The carcasses of thousands of companies that never achieved success, or the failing death-spiral of most of the other "once weres" in the tech industry? Proof enough? ;-)
Are you serious? Wow. It's tough to run a successful company. Really, really, REALLY tough. The vast majority of companies fail, because of this. The people that have successful companies are doing a tough job, and doing it well. The people that are at the top of one of the most successful companies in the world are doing a VERY tough job, and doing it VERY well.
Puleez
They were granted stock (not cash) that won't fully vest "until 50% on 6/21/2013 and the remaining 50% on 3/21/2016"
They were granted stock (not cash) that won't fully vest "until 50% on 6/21/2013 and the remaining 50% on 3/21/2016"
Those who do the work
What do those who do the work get? And where in the list is Jonathan Ive?
How does 1,000,000 shares contribute to "Stay hungry, stay foolish"?
What do those who do the work get? And where in the list is Jonathan Ive?
How does 1,000,000 shares contribute to "Stay hungry, stay foolish"?
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Yes i am serious. Like already stated. greats fail, failures succeed. Yes, it is hard - I never questioned that. Cheers.
So far losing Jobs' leadership cost $400,000,000.
A simple dirty look and pat on the back from Jobs would have kept them around in the past.
A simple dirty look and pat on the back from Jobs would have kept them around in the past.