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

charlituna said:
So you have access to her confidential contracts. Good to know.

Perhaps this access to insider information includes all the details about exactly why Forstall was fired, what the next iPhone will look like etc. Give us some scoops.
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No. But I know broadly speaking how these contracts work and how stock splits work. Stock splits are economic non-factors. The reason a company can do them is because they have no direct impact to anyone who owns or has an interest in the stock. It is a record keeping adjustment and not much more. Nobody who is a current shareholder or who has an interest gets hurt by these splits.

[Note, technically you are right that I don't know for sure what is in her contract. But in the realm of typical internet hyperbole, I'm justified in saying that there is no chance that stock split is going to dilute her awarded shares and make them worth 1/7th of what they were before the split.]
 
NO ONE is worth...

Actually, Apple is willing to pay her that in exchange for her providing the company value in excess to what she earns. If she doesn't they'll find someone who does.

Oh wait, I was getting rational there... NO ONE is worth that much!
 
So, she "charmed" the Board. She will return the favor when one of them, or their friends/relatives are up for a pay evaluation somewhere were she sits on the board. Or by giving a deal to someone, who will earn a fat commission.

No, she is not worth the money. She is an employee, except that at a level where they all scratch each other's back and then tell the dimwitted investors that she provides commensurate "value."

If the stock goes up, they all go "see, what a great hire we made." If it goes down, then they'll all say "it's the market," and move on.... Except that everyone around there will get their paycheck or commissions and fees regardless of what happens. It's other people's (dumb) money, so why not. :rolleyes:
 
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Bare said:
getting $60+ million for it, getting fired (and probably getting a huge severance package) and living it up for the rest of their lives? Probably.
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Many have attempted that when they received such a sum. Their money usually lasts less than 10 years, sometimes FAR less. Should've paid attention in 4th grade math.
 
JAT said:
Many have attempted that when they received such a sum. Their money usually lasts less than 10 years, sometimes FAR less.
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Yes, the soup kitchens are packed with former executives who received eight figure pay-offs in their 50s, but who are now reduced to living on the streets.
 
mojolicious said:
Yes, the soup kitchens are packed with former executives who received eight figure pay-offs in their 50s, but who are now reduced to living on the streets.
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Thank you for your input. Are these facetiously created executives attempting to "live it up", as was the conversation? Or are you just mocking me with your own made up agenda? Try this next time: assume I'm xxx pounds and then make fun of me for being too big. Or too small. I'm sure you'll be dead-on accurate.
 
JAT said:
Thank you for your input.
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No problem.

You stated that "many have attempted that ['that' being 'living it up on a $60m golden handshake'] when they received such a sum. Their money usually lasts less than 10 years, sometimes FAR less."

You're correct in saying that my executives were 'facetiously created' for comedic effect. What's your motivation for creating your fictitious executives, assuming that you're unable to provide examples of former executives who have burnt their way through a $10m+ payout in a decade?
 
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If Apple spends money hiring actual geniuses and not people who are dumber than the customers, the quality would improve alot more than just hiring 1 person.
 
mojolicious said:
No problem.

You stated that "many have attempted that ['that' being 'living it up on a $60m golden handshake'] when they received such a sum. Their money usually lasts less than 10 years, sometimes FAR less."

You're correct in saying that my executives were 'facetiously created' for comedic effect. What's your motivation for creating your fictitious executives, assuming that you're unable to provide examples of former executives who have burnt their way through a $10m+ payout in a decade?
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Lost track of this. I was referring to people like boxers and lottery winners.
 
John.B said:
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...
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Well, at least she's accomplished selling half her initial vested shares: Apple's new retail chief, Angela Ahrendts, pockets $5.3M after stock sale - Computerworld.com

Nothing says "all in" like cashing out... /s
 
Generally, your salary is based not on what you do, but what you know.

Her accomplishments speak for themselves, and Apple is betting on what she knows to make Apple better.

It is always a gamble to hire someone, but what they know is used to mitigate that risk.

P.D. She is one sexy woman. I'd let her boss me around all the time. :p
 
Tiger8 said:
At least she does something. There countless celebrities and reality stars who make as much doing nothing other than working out and getting plastic surgery.

And don't get me started on baseball athletes, and coaches...
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^^this, if you're going to be mad though be mad at folks like Kim Kardasian/ Paris Hilton and all the other loser socialites of the world.
 
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