95% of TC’s pay is in form of stock based comp not cash (until he vests and sells the shares). He gets “only” $1M base salary and $3M bonus. Boo-Hoo!😭
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Apple Expands Hiring Freeze, Delays Bonuses for Some Employees
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Looks well run avoiding layoffs during a downturn in the industry. its long term thinking and holding back impulses to overreact that make him and Apple unique.
Yes I do, and ironically that’s Apple.
If a company decides to shift their bonus dispersement date to once per year, this is not a “delay” unless they were pass a guaranteed date. And the article doesn’t specify when/if this was decided on — it implies that it was recent, but most likely they decided this last year. As this came from Bloomberg, the use of the term “delay” was intentionally inaccurate to get picked up and spread.
Yes, now a days it depends on which bank...
Future profits? Apple needs to weaponize their R&D and then nab a few Defense contracts for our forthcoming WWIII. Imagine Apple M1A2 Abram Tanks finished in Yellow, Deep Purple and Gold. How exhilarating!
/s (I hope...)
/s (I hope...)
Depends, though I didn't say that.
I think small teams in software usually perform better than big ones. I think more teams are sometimes better than less.
Thank you for your attention.
Well that's true too. But Apple struggled with serious doldrums and lackluster sales before the candy iMac.
Darth Tulhu
macrumors 68020
I admit that I wasn't gifted the intelligence/training/opportunity to run a trillion-dollar company, or to be able to absorb a lot of this financial stuff (it isn't a matter of effort). Natural selection can be a bitch to some (most?) of us.
But even I can tell that it must be nice to lose 50% of your paycheck and still make more than most of us ever could possibly use/need in our lifetime in ONE year.
I guess I can still dream...
But even I can tell that it must be nice to lose 50% of your paycheck and still make more than most of us ever could possibly use/need in our lifetime in ONE year.
I guess I can still dream...
This is the most slow-motion recession I've ever witnessed. Probably a bad sign.
Even if they did have that in all cash, think about how much money they must spend every day. Mo money mo problems.
So many freaking business experts in this group!
1/2 of you don't know that a company's stock market valuation has zero to do with cash in the bank.
2/3 of you don't know how employee pay works.
3/4 of you think you could run the company better than Tim.
Nothing but a bunch of fools who know nothing about business. But yet, you'll make time to tell other fools how 'smart' you are.
1/2 of you don't know that a company's stock market valuation has zero to do with cash in the bank.
2/3 of you don't know how employee pay works.
3/4 of you think you could run the company better than Tim.
Nothing but a bunch of fools who know nothing about business. But yet, you'll make time to tell other fools how 'smart' you are.
Our economy ended in 2008, everything we're about to experience should have happened 15 years ago. This is not a recession, it's the end of the existing western finance system. Let's see what other BS they come up with to cope with the fact that China is outpacing us.
Probably will get more on the back end in bonuses and stock.
So let me get this straight... they will go from getting two bonuses a year to only one bonus, but that one bonus will be a combine the usual two bonuses. How does this save money? In paperwork?
I think this report is saying Apple decided not to replace 2 employees.
I think this report is saying Apple decided not to replace 2 employees.
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“Think of the shareholders. Will someone please think of the shareholders!”
It’s taken a while for all the printing money and shutting down vendors to catch up, but we all knew it would. At least here in the US, our wonderfully run government requests more money to magically appear seemingly every day from the printing presses, and perpetual debt ceiling raises. I love that we borrow money from China, to send money to a war we aren’t involved in (at least openly) to fight an enemy being backed by China. What a time to be alive.
Good to see they are not doing layoffs yet, I feel sorry for poor Tim though only getting paid $49 million this year...
It's because of TC Apple hasn't had any massive layoffs like Meta, google, Yahoo, Cisco, Dell, HP, Zoom, PayPal, Salesforce, Microsoft, etc.
Today Meta announced another layoff, this one being 10,000 employees, bringing Meta's total to 21,000 people.
I remember the juvenile mocking from people here regarding Cook's announcing twice in the recent past Apple would be hiring more cautiously.
Cook's worth every dollar of his salary and benefits for his outstanding leadership, business acumen, and being responsible for 165,000 Apple employees.
Sadly, the juvenile mocking continues in this story's comments.
I thought Jobs was with Apple for a while during the doldrum period and it took a while for the iMac to be developed with Ives? Or did he bring that energy right away after Next?
And to be fair, what became the iMac was in development before Steve Jobs came back. Apple had already started playing with translucent computers with the Newton eMate.
Darth Tulhu
macrumors 68020
I think it has to do with interest, maybe? Perhaps Apple makes interest for the months it doesn't pay out the bonus, thus reducing the impact of said payout...
Again, I'm no finance expert...