Again, I know this. I lived in SF and worked at large and small companies in the tech sector. Most of my friends are now multi-millionaires. My comment was simply meant as a devil's advocate position against what other people were saying here that this wasn't much money. I'm simply saying that to a lot of Americans it is. My neighbor who delivers propane for a living will never get a job at Apple building hardware. You and I know this but I'm trying to add a bit of perspective for people here who are saying that's not much and I'm challenging people to get out of their bubble a bit and realize just how much they all sound like jerks for saying that. If my mom knew how much a junior software engineer out of college was making, she'd go into a rage. my neighbor is pretty unstable. I don't want to tell him Facebook is paying people $500K a year to write computer code. It's not a conversation I want to have because it is, to 70% of Americans a LOT of money.
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Some Apple Engineers Rewarded Up to $180K in Stock Bonuses as Incentive to Stay
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Again, I know this. I lived in SF and worked at large and small companies in the tech sector. Most of my friends are now multi-millionaires. My comment was simply meant as a devil's advocate position against what other people were saying here that this wasn't much money. I'm simply saying that to a lot of Americans it is. My neighbor who delivers propane for a living will never get a job at Apple building hardware. You and I know this but I'm trying to add a bit of perspective for people here who are saying that's not much and I'm challenging people to get out of their bubble a bit and realize just how much they all sound like jerks for saying that. If my mom knew how much a junior software engineer out of college was making, she'd go into a rage. my neighbor is pretty unstable. I don't want to tell him Facebook is paying people $500K a year to write computer code. It's not a conversation I want to have because it is, to 70% of Americans a LOT of money.
Those jobs pay, but few can do. For most high school grads, choices are getting slimmer year by year. They are holding the wrong end of the stick.
Of the top of my head, their best option in this economy seem to be automotive, munition and defence companies like Boeing.
they could sell those pins mint condition for 40K in ebay in 50 years, nice legacy for grandsons XD.
In the words of the infamous Ty Webb, "the world needs ditch diggers too"
Everything isn’t about money.
I still love my Apple products, and need them, sure.
From what has been publicly known since Tim took over, working environment and ethic isn’t good at Apple.
They could afford to make it the best working place in the world. Yet, Tim doesn’t care much about his employees, only about the shareholder and the profit. ??
I still love my Apple products, and need them, sure.
From what has been publicly known since Tim took over, working environment and ethic isn’t good at Apple.
They could afford to make it the best working place in the world. Yet, Tim doesn’t care much about his employees, only about the shareholder and the profit. ??
That's fair, it's been a little while since I was either hiring or looking, so I am a little dated.
Amazon is exactly who I was talking about. When I last checked, they had the $160k cap, but even at $190k it's the same idea, especially given the numbers people are sharing in this thread. The numbers may change, but the idea remains the same: you want the engineers to be invested in creating long term value for the company because that is the nature of their work.
That's okey, but when ditch diggers' children end up also being ditch diggers, and the children of the rich end up being rich too, then we have a problem - class mobility.
We don't want a capitalist monarchy, ideally, even though that doesn't necessarily harm my personal interest.
Yeah, end of the day they're all big businesses. Why not try to retire early and put your energy to what you believe in.
It's not like 2001-2012 when Apple was revolutionizing the industry and fighting the MSFT dominance. As someone else pointed out, more employees in that situation would be willing to work for less because it's meaningful. Nowadays none of these tech giants have leaders with particularly strong visions, maybe because none have their founders heavily involved except... at Facebook of all places. Incidentally, the only giant making a serious push (I don't consider the Apple Car, Amazon drones, or any of Google's "other bets" serious) into a new space is FB, though personally I don't care for it.
I work for one of these tech giants and am currently job-hunting. If I don't find a smaller company or startup working on something I truly care about, or a kickass job at TSLA in particular, I'll just go to whichever giant pays me the most and treats me the best, which may be at my current place if I can negotiate well. It doesn't matter. The money pays my bills and funds my own present and future side projects.
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The heavier the neckless, the closer your head is to the floor.. go somewhere you'll have some fun, you'll be happier..
I wouldn’t want to work at Facebook if I could help it, no matter how many times they try to change their name to escape the bad press
...pretty sure Judge Smails said that, not Ty.
You say it's not about money but then say Apple needs to spend more money to improve morale. Money doesn't make a place great to work at. Only working on something fun, meaningful, or exciting does. No amount of free stuff, fancy desks, vacation time, salary, stock comp, etc will change that. If morale really is lower under Cook, it's because they're not changing the world like they used to.
Now, totally cheaping out and making an awful working environment can make it suck regardless, but no FAANG company is doing that. You get SWE sweatshops in video game companies, and even then some employees enjoy their work enough not to mind it.
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That’s a very good observation. Tech has been extremely iterative in recent years compared to the infancy of the 21st century. A lot of it across the board is just getting people hooked into an ecosystem now.
How'd you get this? I would like to know your source of information. 😂
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Sure @duanepatrick 😌
Very interesting article indeed.
Angela Ahrendts' huge Apple paycheck blasts her through gender pay gap
Angela Ahrendts was arguably Apple's biggest hire of 2014, and according to the company's latest SEC filing, luring the Burberry CEO over to Apple wasn't
www.cultofmac.com
I'm feeling good today so I'll even give you more of an insider report. Enjoy reading. Interesting report!
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www.sec.gov
Sure @duanepatrick ?
Very interesting article indeed.
Angela Ahrendts' huge Apple paycheck blasts her through gender pay gap
Angela Ahrendts was arguably Apple's biggest hire of 2014, and according to the company's latest SEC filing, luring the Burberry CEO over to Apple wasn'twww.cultofmac.com
I'm feeling good today so I'll even give you more of an insider report. Enjoy reading. Interesting report!
Definitive Proxy Statement
www.sec.gov
WTF needs that much money, ever? Like, sure, housing costs in the bay area are ridonks beyond any reasonable measure, but beyond needing a small fortune to invest in living space, what exactly do these folk DO with those massive hoards of cash? Most of them live fairly frugally, contrary to what people imagine, so it's not like they're blowing it all on frivolous toys and non-essential items.
Instead of letting it sit around in an account, never to actually be touched, they could use that money to pay all of their staff far better than they do. It's morally offensive that a person who earns 50+ mil in one year demands that somebody paid minimum wage cleans their office for them, or serves them cafeteria lunch.
Dragons roosting on their piles of gold, the whole lot of them.
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Yep on SEC filings. Look at page 46 of https://www.sec.gov/Archives/edgar/data/320193/000119312521001987/d767770ddef14a.htm#toc767770_26 for something more recent.
I was Googling for terms along the lines of sec filing 2021 tim cook compensation Luca.
Anyone who invest in publicly traded stocks in the US can pretty easily find filings with the SEC. They generally at least have to file quarterly and for numerous other reasons/events.
I also can assert that this is true in the midwest to the Eastern seaboard of the US. And if those "interesting problems" dry up, or WORSE YET, corporate bureaucracy results in only lip service to the issues? Oooh man, the best, most qualified team members will be the first ones to leave their job for another.
If they start to think that their old job isn't giving them the support they need in order to be successful, that's the fire alarm right there, but it is often missed by management. It's almost never about the salary, yet a lot of managers will fall back to the old tried-to-death method of trying to keep somebody on board by offering them more money.
Employees don't leave if one of these things below is present. But the more things here that they have to deal with, the faster that they will be worn down and the quicker they may decide to retire or leave for greener pastures.
- Needless rules and process hell for filling out forms and stuff. Sure, everybody expects some annoyances. But if it's always painful and slow, that's not an incentive to stay.
- Crazy waiting periods for simple stuff like a green light on a project, procuring software or hardware, or getting security access approvals.
- Making it difficult to get training or OTJ experience, like not allowing or helping to pay for a training course once or twice each year. Also, keeping the employee 100% allocated with work will leave zero time for personal development. They see that and will lose heart over time if they feel like they're always busting their knuckles and not having time to train.
- Not sticking up for employees when working with upper management, and/or not acknowledging good work from employees when talking to upper management. They don't need to be in the conversation in order to see right through your BS reasons for not doing it.
- Taking too long to hire replacement staff or to hire for growth.
- Endless company or management reorganizations (with and without layoffs) can make a company appear "not in control" or somehow not stable for the future.