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Steve Jobs Payment
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jefhatfield
Retired
Phil Of Mac
macrumors 68020
You're whining about "economic inequality". Well, I got news for you. To eliminate economic inequality would mean destroying the productive minds who create wealth, because why risk time, money, and everything else you value on a new idea, invention, or business if you'll only end up making as much as a janitor? No one will take the RISKS involved to CREATE wealth, so humanity will be reduced to a race of unthinking menial laborers. Eventually, the economy will collapse in a very real way, the type that involves starvation and the utter disappearance of key industries. Humanity would be ultimately reduced to subsistence farming.
Steve Jobs is a billionaire because he created an invention and sold it in such a way to make all of our lives better. He deserves every cent of his fortune because of that. Why whine that you are financially unequal to him? You and Steve Jobs are financially unequal because YOUR ABILITIES AND THE VALUE OF WHAT YOU HAVE TO OFFER IS UNEQUAL!
Don't get me wrong. I'm unequal to Steve Jobs too. But his fortune doesn't threaten me, it inspires me. I know that if I want to be equal to Steve Jobs, I better improve myself, because destroying Steve Jobs isn't going to make me any better. Even if I am totally unable to ever reach Steve Jobs in ability, or in fortune, my lack of greatness is not Steve Jobs' fault.
Yours isn't either.
Phil Of Mac
macrumors 68020
Phil Of Mac
macrumors 68020
Ya know what, this thread had the perfect ending until you came along a few months later and screwed it all up 🙂
no he sold out when he got chucked out by the Pepsi guy wayyyyyyyy long time ago. He went away and made another fortune in other business. So he is not reaping what he sowed a long time ago. Now he is getting paid for what he has to do everyday, reinvent and bet the company, somebody elses company. Check the SEC or stock ticker, Apple is owned by investment funds and insurance companies. The want a return, or at least some stockholder value, not the huge losses Apple was suffering back in the early/mid nineties.
Unlike a salary, which gets paid whether the company does well or not, he gets a bonus. So if the company does not do as well as the directers think it should, or make targets that they agreed on, he gets nothing!
Try that at your job. The kids all get A's on the benchmark exam, or you get nothing ( I don't think it should work that way) or we get no complaints about the burgers today, no bonus!
Obviously he can afford to take the risk, he has something to fall back on.
jefhatfield
Retired
sj is worth 1.7 billion and he does not get a bonus from apple...he does not need it in his thinking
pixar is what makes sj a billionaire
apple is his hobby, but it made him a little over 100 million, which is still a tidy sum
Hey, 3777...I hate to be the bearer of bad news, but your boss just called. They were going to give you a big ol' fat raise on Monday. $2 million a year. But they just heard about your comment about all the people who make more money than they deserve. So they rescinded the offer and decided to give it to someone who really needs it right now...the receptionist.
Way to go.
ya that's what I said, he made another fortune AFTER leaving Apple. It was in response to all those posters who assume he has always been there, for all the 20+ years of Apple history, and has always owned Apple.
He does get a bonus, that is what this whole thread is about.
He does get a bonus, that is what this whole thread is about.
jefhatfield
Retired
wow, the book i just read about apple did not mention anything about that except for the one dollar a year he makes at apple
if he makes that kind of apple bonus, it's certainly a well kept secret in the silicon valley...i work in high tech south of san jose and i know a lot of the people in the mac community and the $1 dollar a year amount is very well known, but in and around infinite loop, nobody has mentioned anything about an APPLE bonus for sj
but he makes oodles in bonuses from pixar and a hefty salary there (pixar makes tons of money)
i emailed the author of the ariticle to see where sj gets his bonuses from
sj owns pixar and it still could be that, but if sj gets a bonus from apple, he still certainly deserves it...he saved apple inc in 1997 with the deal with ms (though the move was not instantly popular at the time 😉
jefhatfield
Retired
i hear you
i am an engineer in the computer field and i often hear my fellow techies (pc side) get steve jobs mixed up with steve wozniak
certain financial magazines, not techie mags, sometimes erroneously credit steve jobs as the one who invented the apple computer
outside of our little mac haven, the facts about apple inc, the superior platform we know and love, and the difference between the two steves...are not general household knowledge
and now there is a "steve" who is the ceo of microsoft
Phil Of Mac
macrumors 68020
Guess what made Steve wealthy enough to buy Pixar? The fortune he made at Apple. Which he deserved.
Once he bought Pixar, what made him as wealthy as he is today? The fortune he made at Pixar, turning it into one of the best computer animation production houses in the industry. Steve is a very skilled businessman, and it's that management and leadership that decides whether or not a company is successful or not. I'm sure we all know some companies who have either died or come close to death despite having the best talent in the world, because they had bad management. Apple was in that boat until Jobs (though arguably, Amelio did bring it closer to profitability).
Without someone like Jobs, the rest of us would be missing out on the technology we enjoy today. He deserves his fortune. Yes, he has more money than you do. He probably has more money than all of us put together. He's a genius. He's an genius who makes decisions no one agrees with until time proves him right (the iMac, ending Mac OS licensing, the deal with Microsoft in 97). The reason he has a lot more money than we do is that he has a lot more talent than we do, and he's willing to use it. And when Steve Jobs uses his talent, we all win. Steve Jobs makes more money, we get cool stuff. The only way Steve's wealth in any way affects my wealth is when I choose to buy a ticket to a Pixar movie or a Macintosh computer. And in those cases, it's a fair trade--my money for Steve's product. (Steve's employees, of course, also get paid--in Apple's case, more than he does--in Pixar's case, I don't know, but I suspect that increasing Pixar's value makes him wealthier than indirectly paying his salary. Again, the employees are making a fair trade--their talented work for their pay.)
I always find it funny when people condemn capitalism, and then get rich. Capitalism provides the opportunity to get rich, and you're not hurting anyone else in the process, because you can only get their money by fair trade and with their consent--which they only give if it's in their best interest! (Obviously, the US does not have a pure capitalist system, which is why I despise such things as corporate welfare and the current tax system). Steve took a risk in the 70's and 80's, and that risk made him wealthy enough to buy Pixar, which was secure enough that he can hold onto his wealth and let it increase, because Pixar's a good investment.
I know I've rambled on awhile, but basically, Steve has more money than me, that doesn't hurt me and it comes as a direct result of things he did that actually help me, and he deserves every cent he has.
Once he bought Pixar, what made him as wealthy as he is today? The fortune he made at Pixar, turning it into one of the best computer animation production houses in the industry. Steve is a very skilled businessman, and it's that management and leadership that decides whether or not a company is successful or not. I'm sure we all know some companies who have either died or come close to death despite having the best talent in the world, because they had bad management. Apple was in that boat until Jobs (though arguably, Amelio did bring it closer to profitability).
Without someone like Jobs, the rest of us would be missing out on the technology we enjoy today. He deserves his fortune. Yes, he has more money than you do. He probably has more money than all of us put together. He's a genius. He's an genius who makes decisions no one agrees with until time proves him right (the iMac, ending Mac OS licensing, the deal with Microsoft in 97). The reason he has a lot more money than we do is that he has a lot more talent than we do, and he's willing to use it. And when Steve Jobs uses his talent, we all win. Steve Jobs makes more money, we get cool stuff. The only way Steve's wealth in any way affects my wealth is when I choose to buy a ticket to a Pixar movie or a Macintosh computer. And in those cases, it's a fair trade--my money for Steve's product. (Steve's employees, of course, also get paid--in Apple's case, more than he does--in Pixar's case, I don't know, but I suspect that increasing Pixar's value makes him wealthier than indirectly paying his salary. Again, the employees are making a fair trade--their talented work for their pay.)
I always find it funny when people condemn capitalism, and then get rich. Capitalism provides the opportunity to get rich, and you're not hurting anyone else in the process, because you can only get their money by fair trade and with their consent--which they only give if it's in their best interest! (Obviously, the US does not have a pure capitalist system, which is why I despise such things as corporate welfare and the current tax system). Steve took a risk in the 70's and 80's, and that risk made him wealthy enough to buy Pixar, which was secure enough that he can hold onto his wealth and let it increase, because Pixar's a good investment.
I know I've rambled on awhile, but basically, Steve has more money than me, that doesn't hurt me and it comes as a direct result of things he did that actually help me, and he deserves every cent he has.
Mr. G4
macrumors 6502
Look at Europe where the average children per family is something like 1.something...they will need to import million of foreign workers to work legally and pay their taxes to pay all those old Europeans that didn't make any children to fill the workforce and pay for their retirement.
Phil Of Mac
macrumors 68020
Totally. If you can afford to raise them, having more kids is great. There's no food shortage, the only reason people starve is that they live under tin-horn dictators who steal the food to feed their armies. In the Western world, bigger families are just fine.