New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million

[MacRumors]

New Apple Senior Vice President of Retail and Online Stores Angela Ahrendts has received a signing bonus potentially worth $68 million at current share prices, in the form of 113,334 restricted stock units that vest over the next four years.

Ahrendts will receive shares spread over several different vesting periods between June 1, 2014 and June 14, 2018, assuming Ahrendts stays with the company. Were Apple's share price to rise, the RSUs could potentially be worth significantly more over that time.

A restricted stock unit is a standard form of stock compensation that reward employees for staying with the company. They are used as general compensation and for employee retention. Each RSU converts to one share of stock on its vesting date, typically set annually based on award date.

Because of Apple's upcoming 7:1 stock split, awarded RSUs will be multiplied by seven to maintain value. Apple does award dividends to employee holders of RSUs as if they were standard shares, so the more than 110,000 shares that Ahrendts holds will be worth nearly $1.5 million in yearly dividend payments.

Angela Ahrendts officially joined Apple earlier this month.

Article Link: New Retail SVP Angela Ahrendts Receives Signing Bonus Worth $68 Million

 

[joshwenke]

That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.

 

[IJ Reilly]

And she can't even hit a fastball.

 

[huggyb]

is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.

 

[lewisd25]

Is she single?

 

[Fondaparinux]

Do billionares even care about money?

 

[PJL500]

That's more than I'll make in my lifetime. And she gets that just for signing on to Apple? Dang.

Assuming you average $200K p/a income over your 40yr working life (lucky you) her sign-on bonus is more than you'd make in 8 of your lifetimes. Jus saying'.

 

[blue22]

68.0 > 13.5

Wow, nice landing Angela! No wonder she left that 13.5 million (£8 million) share bonus on the table upon her early Burberry exit.

 

[Dulcimer]

is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.

I think it's paid out in yearly dividends (as stated in article). This encourages a long-term career at Apple.

 

[KPOM]

is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.

They vest over time. She only gets the full amount if she stays on board for the entire time.

 

[flat five]

Jennifer Anniston's sister?

 

[ConnYoungy]

She's from Burberry she can have anything she wants

 

[vartanarsen]

Don't care who you are... Nobody is worth that much a signing bonus

 

[John.B]

I don't know if she is worth that or not, but Apple's board of directors thought John Browett and Mark Papermaster were the second coming, and they both flamed out in a big way. I just seems like a lot of money for someone who has yet to show any accomplishments.

Then again, this is the same board that grants Bill Campbell the corporate version of tenure...

 

[MacVista]

is anybody really worth that kind of signing bonus when they haven't even seen how she performs? So weird to me, imo.

Let's hope she does not quit before her first day at work.

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All she's got to do is make sure everything stays the same.

 

[Verita]

Don't care who you are... Nobody is worth that much a signing bonus

Agree, that is just plain stupid. I promise you, promise you, I wouldn't think I was worth that amount if I had the attainments she has.

 

[MoreAwesomeDanU]

Assuming you average $200K p/a income over your 40yr working life (lucky you) her sign-on bonus is more than you'd make in 8 of your lifetimes. Jus saying'.

LOL ouch, thats a rather "nice" way to put it

 

[tbrand7]

Why would she not? It's Apple!

 

[sransari]

Don't care who you are... Nobody is worth that much a signing bonus

I assure you, if Apple could have acquired her for cheaper, they would have...

 

[flychild]

while Foxconn slave away

 

[michaelsviews]

Your Kidding

NO ONE, absolutely NO ONE is worth this. And this is one of the reason's the economy is crap. Over inflated salary's.

 

[D.T.]

Again folks, Tim Cook isn’t walking up to her on June 1st and handing her a check for $68M - they’re vested over four years. Is it still pretty solid? Damn straight

Is she single?

Not any more.

 

[Chupa Chupa]

The headline is a bit disingenuous. Her bonus isn't $68m, as pointed out in the actual article, but who reads anything but the headline around here. It's 113,334 RSUs. The dollar value is TBD since they have to vest before they are worth more than a plug nickel. The entire market could plummet 6% on June 1 over something unrelated Apple and she's SOL.

 

[ChrisA]

I don't know if she is worth that or not, but Apple's board of directors thought John Browett and Mark Papermaster were the second coming, and they both flamed out in a big way. I just seems like a lot of money for someone who has yet to show any accomplishments. ....

She ONLY gets the money if she can stay four year. That means doing well enough to not get fired.

In other words, if it turns out she is NOT worth the $68M they fire her before the stocks vest.

 

[shiftless]

Yet another example of the stupidity of the planet. NO ONE is worth that!
From clothing to tech even.. what were they thinking!