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New Apple Board Member Bob Iger Buys $1M In AAPL Shares

slrandall said:
Almost made it, haha.

Why do people hate on those who are successful?
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I've always kind of understood both side of an argument and usually get attacked by both sides...

I'll be the devil's advocate, here. I don't think most people hate successful people. I think post-2008, it's more like the idea of faceless greed. I think people associate people who make 7 digits+ salaries (and not in Lao Kip!) with that. I might be wrong.

To be honest, I wouldn't trace place with any CEO, CTO, CWO (w=whatever). These guys DO work a hell of a lot more than most.

I don't make 7 digits per year (far from it!), I have to keep track of my budget, etc. But I do consider myself successful.

I'm proud of the fact that I worked my way through university, paid back my student loan early, have no debt other than my mortgage and a year left on my car and that I'll be able to help my kids through their own studies one day (without giving it to them freely). All that with little to no help financially from my parents or anybody.

I do hate anyone that wears a blue shirt that has a white collar... Usually lawyers...It just annoys the hell out of me... :-D
 
30 million smack's Holy Cow:eek:

No wonder why my cable co is increasing the rate to $70 a month for Family programming. How much is going into his pocket?
I'd like to know:mad:
 
KPOM said:
What's wrong with being part of the 1%? Isn't that something that 99% of us should aspire to (or at least a big chunk of the 99%)?
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As there is nothing wrong in being comfortable in being in the 5-10%, either.
Hell, if you make more than the GDP per capita of your country, you are successful, IMHO.
 
QCassidy352 said:
you misread that. It says the compensation from Apple is small change *compared* to the $29M he gets from Disney. Yes he's still the "1%," but it's not saying $29M is small change.
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1% is 1-in-100. (duh)

The people who the protestors believe are evil aren't even 1-in-1,000 (the size of many schools) or 1-in-10,000 (a fairly small town). The fact is "1%" doesn't include plutocrat fat cats.

1% of 1% of the U.S. population is still 30,000 people. For context, there were about 10,000 private jets in the US in 2006. If that's the complaint, then we might say 0.00333% have too much money for some reason.
 
The large open-market purchase shows Iger's faith in the future of Apple.
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Completely a token move - as if he cares about the profit or loss on the deal.

Is Jordan Golson in fact the worst tech writer on the face of the earth? I would say yes.
 
OrangeSVTguy said:
Imagine if he had bought $1m worth of shares 10 years ago!
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True. But also imagine how much the $1 million worth of shares he just bought will probably be worth 10 years from now :D

plumosa said:
I have no concept of having that kind of money. I just recently brought myself out of debt and am no longer living paycheck to paycheck--I even have a small, but growing savings account. All the same, I will probably never have anything more than a comfortable cushion for when things go wrong.


What do you do with it after you've bought a nice house and car? $29M is a lot of money. Buy an island?
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We know what Steve Jobs did after he made his millions: He continued to change the world.

Still can't believe he's gone. RIP, Steve.
 
japanime said:
We know what Steve Jobs did after he made his millions: He continued to change the world.

Still can't believe he's gone. RIP, Steve.
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That's the thing about the really rich (the "1% of the 1% of the 1%," as it were). They never stop trying to do things. Think about Andrew Carnegie or John D. Rockefeller. My guess is that 100 years from now, Bill Gates, if he's remembered, will be remembered for the Foundation more than Microsoft (more people today know heard of Carnegie Hall or Carnegie Mellon University than their respective business operations). Steve Jobs will be remembered in much the same way that Henry Ford is today. Ford didn't invent the car (Daimler and Benz did), but he perfected it and brought it to the masses, much the way Steve Jobs did with the Apple II or the iPod, iPhone, and iPad. Either way, both of them didn't stop after they made their billions. They kept on doing things. Jobs was devoted to his companies and their products until his last day. Gates moved on to philanthropy. It will be interesting to see what Mark Zuckerberg, Larry Page, Sergey Brin, etc. do as they get older.
 
plumosa said:
I have no concept of having that kind of money. I just recently brought myself out of debt and am no longer living paycheck to paycheck--I even have a small, but growing savings account. All the same, I will probably never have anything more than a comfortable cushion for when things go wrong.


What do you do with it after you've bought a nice house and car? $29M is a lot of money. Buy an island?
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Celebrity hookers and pizza every Friday after work. (credits to Al Bundy).
 
I hate to break it to some of you 1% haters but, globally speaking some of you are probably in the top 1% of wage earners.
 
I dont know what this guy was sold on but when you are on top there is only one way you can go. The saying goes buy low sell high, not buy high and sell higher.... Good luck with that Bob.
 
KPOM said:
What's wrong with being part of the 1%? Isn't that something that 99% of us should aspire to (or at least a big chunk of the 99%)?
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not really, it's something that 99% of us should demand to change.
The distribution of wealth is beyond any reason.
 
Anyone else hate the way that big business uses the word "compensation" in this context?

To me compensation is a payment for losing a limb or redressing an injury - not for being showered with money!
 
Duncan-UK said:
Anyone else hate the way that big business uses the word "compensation" in this context?

To me compensation is a payment for losing a limb or redressing an injury - not for being showered with money!
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Maybe it's a cultural thing. In the U.S. full time employees get a "compensation package," that is the sum total of salary/wage + benefits.
 
Peace said:
Wow. This could be construed as insider trading. Let's hope not.
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You're way off base. He made a purchase of $1M worth of shares on the open market and it was reported to the SEC as required.
 
Why is everyone who questions excessive executive pay a 'hater?' I couldn't give a toss about the rich driving around in Bentleys or yachts or putting diamonds in their teeth and buying plastic surgeons for their wives.But when people create wealth and become more productive yet get a pay cut when the rich snarf up more of the pie that pees me off.

Rich people were still rich when they earned 30 times that of the average employee. Do they really need hundreds of times the average pay?

More importantly, do they add much extra value to the company? NO in most cases.

America is a successful country, not one would deny that, even if doesn't have a proper universal healthcare system like every other developed nation on earth. But they Germany, where CEO pay is much, much less, there's a more mixed economy is an industrial powerhouse and the world's second biggest exporter.

I've twice worked for a very large companies. Senior management either a) made decisions even Doris the cleaner would have identified as a good idea or b) cost the company millions with crap ideas even Doris the cleaner would have known were crap ideas c) The real business is done by people dozens of tiers below that should have a better slice of the pie - especially when the middle class is being trashed.

The dynamic is this: Once people reach the upper echelons of a company they find the cookie jar unguarded and freeload because there's no one stopping them. It's simple as that. If that's just 'being successful' then fine, keep on repeating your brainwashing.
 
skoosht said:
But, you looked it up & learned a new word! +10 for that. If only there were more people like you who took a shot at learning. It's really quite easy.
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Yep! (double click on word to select, right click, choose "Look up 'word' ")
 
Peace said:
Wow. This could be construed as insider trading. Let's hope not.
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I don't think you know what insider trading is.

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koobcamuk said:
OK, I've edited it. The idea that $1M is small change is ludicrous.

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Post something related to the topic. I have edited my original post now; $1M isn't small change, is it?

Don't think you know me.
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The small change is his $50,000 compensation as member of the Apple board, and the 175 shares of restricted stock. The small change comment was in no way referencing his personal $1M investment. Please work on your reading comprehension.
 
plumosa said:
I have no concept of having that kind of money. I just recently brought myself out of debt and am no longer living paycheck to paycheck--I even have a small, but growing savings account. All the same, I will probably never have anything more than a comfortable cushion for when things go wrong.


What do you do with it after you've bought a nice house and car? $29M is a lot of money. Buy an island?
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I am in your same boat financially, but I had the chance to observe - from a distance, what some rich NYC people do with their money, the list is endless:

1. Condos in NYC for millions of dollars, maintanance fees and taxes alone could run upto 10 grands, every month.
2. Cars for six digit figures
3. Summer house in the hamptons for tens millions of dollars
4. House staff: Maids, butler, cook, doorman, gardner... you didn't think rich people clean or cook or garden, did you?
5. Personal Assistant. Excited about Siri? Yea they actually pay someone to do that for them. In fact, I know someone who's assistant is so busy, she got her own assistant!
6. Clubs membership: Country club(s) outside the city, Soho House or similar in NYC, for which membership runs a couple of grands a year, drinks and wine could hit a grand per night, and there is a waiting list. It is like a who's-who of d-grade celebrities and wannabes.
7. Dinners and outings: $500 a piece brunch? Sure, why not.
8. Travel: You did not think they travel economy, do you?
9. Private schools: that could cost again five or six digit figures
10. An island :)

I am not hating. I have no feelings either way, if it is hard earned legal money, good for them.
 
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