In response, Cook approached Mansfield and offered him an exorbitant package of cash and stock worth around $2 million a month to stay on at Apple
holy...
holy...
That's true only if you're not an equity stakeholder. I presumed he was one. I could be wrong about that though.
(the eyeroll was for your preachiness - which we could all do without).
Bob doesn't like the direction in which the company is moving. It takes a lot to turn down 2 million per month. The cracks are appearing in the armor.
Actually, I think it's exactly what Steve would have done. Steve spoke a lot about hiring and how keeping the best people working for you is important.
Things with Apple haven't sit right with me lately.
Bob doesn't like the direction in which the company is moving. It takes a lot to turn down 2 million per month. The cracks are appearing in the armor.
That's a Shrek with not 2 million total but 2 million a month.... Every month
http://www.businessweek.com/articles/2012-10-03/mapping-a-path-out-of-steve-jobs-shadow#p3Apple has also deliberated over moving away from Intel chips in the Macintosh, say two people familiar with these discussions. Such a shift would be difficult and isnt imminent, though it would allow Apple to further distinguish its laptops and desktops from competitors that run Intels (INTC) chips and Microsofts Windows software.
Cooks challenges will multiply. Hell have to keep Apple focused as its product lines inexorably expand. Jobs liked to say no to new product initiatives, and its not yet clear whether Cook possesses the same skilled editors pen. Cook will also have to placate employees whove benefited from the stocks helium-boosted price and could feel tempted to leave. Many rank-and-file employees say theyre watching closely to see whether Cook has a more generous approach to compensation than Jobs, who felt the glory of working at Apple should factor into their pay.
Those cracks are also where the toxic comes through.
When I left, I was motivated because my mentor who was with Apple for years spilled his guts and told me all. When he left, 4 others left with him. I stayed on only because I wanted to see it for my self, so since last year, I was investigating the claims and all of them and then some were true.
... 2 million per month is a lot of money to loose, you are right, it takes a lot to turn down that kind of money.
I guess here is where I should stop writing, as much as I wish I could share what I know, the truth is, Apple is a very spiteful company.
In Mansfield's case it was about the money. In the case of the people who worked for him, it was about the conditions. I'm sure they're well paid. I'm sure they can afford pretty much all they want and need. They're not going to get a big enough increase to make it worth a crappy work environment when they could easily go somewhere else. Especially with their creds.
So often with employees it IS about letting them feel they have a voice and empowering them. They want respect and to feel proud. They don't like to feel that someone got a job they didn't deserve. It undermines why they feel they're working so hard.
Mansfield didn't need the money. He didn't need the job. He was probably tired. They had to make him an offer so ridiculous he couldn't refuse.
For Bob, yes, it's about the money. For Apple, it's about the potential loss of talent.
Only if it is the person of interest saying it. Unless you are claiming someone in this thread is Mansfield or Cook.
I don't see how thins points to anything bad for Apple. Someone wanted to retire; his former employees didn't feel the replacement was ready, so they talked to management about it. Management decided to make an offer the retiring person to keep him on board for a while until a transition was worked out. This isn't something that's unique to Apple...though the amount of cash involved likely is.
There's a lot of times in the corporate world where someone decides to leave, is offered a substantial pay increase and decides to stay. I think in this case it was less about keeping Mansfield and more about keeping the people that had been working under him. To keep those employees, they needed to keep Mansfield around for a while. What's the big deal?
I'm actually surprised it was a monetary decision. I figured it was a vacation/retirement/new opportunities one and no amount would sway him.
Exactly my sentiments. Bob rocks and he is being recognized for his critical role to the company.
Steve most definitely would have allowed this.![]()
Those cracks are also where the toxic comes through.
When I left, I was motivated because my mentor who was with Apple for years spilled his guts and told me all. When he left, 4 others left with him. I stayed on only because I wanted to see it for my self, so since last year, I was investigating the claims and all of them and then some were true.
... 2 million per month is a lot of money to loose, you are right, it takes a lot to turn down that kind of money.
I guess here is where I should stop writing, as much as I wish I could share what I know, the truth is, Apple is a very spiteful company.
If they can afford to pay that much money to the head "hardware engineer" I have no qualms returning my piece of hardware as many friggin times as it takes to get one that satisfies me.
I encourage everyone else to do the same.
Not a person on this earth deserves that kind of money no matter their talents when so many others live in absolute poverty.
LOL. He is not the head Hardware Engineer. He is the VP of Hardware Engineering. That's an entirely different level of responsibility. Trust me, I have done both.
I have seen many companies screw up because they take the best Engineer (a brilliant technical guy) and then move him up into the Sr. Management ranks. Half of my career has been spent cleaning up after the messes left in the wake of such guys.
To have real technical chops AND be a good Sr. Manager is a very rare combination. Plus if you manage an Engineering organization, you absolutely MUST have the respect of your Engineering staff.
Once Bob announced his retirement and the Engineering ranks complained, then the real risk is that Apple would have a mass exodus of good talent. It sounds like the Engineering staff have little respect for the guy that was going to be Bob's replacement. So Tim made a really good move here.
The guy who was going to replace Bob now has a real rough time of it and I would be surprised if he stays with the company. Imagine being in his shoes, having the Engineers complain and knowing that Apple paid Bob $2M/mo to come back as a consultant. Even if the plan is for Bob to work with that other guy on a transition, I doubt that guy will be around long. Plus, a longer transition won't change the opinions of the Engineers anyway.
You can't blame Bob. He's already a multimillionaire many times over and has worked his ass off. Why not retire and enjoy life? Sure the big bucks are probably a big part of it, but if Bob is an ethical guy Tim probably appealed to that and did what he could to get him back, at least for a while. After all, Bob has made his (well deserved) fortune by being with Apple.
Bob doesn't get the credit he is due. Everyone glamorize Ive's design staff (which is well deserved) but its the HW Engineering folks that have to take those carved up mockups and create actual working devices out of them.
If any team at Apple is blowing it, it's the SW Engineering and SW QA teams. There a ton of bugs still in Lion, and now many in ML. iPhoto is a buggy joke. iTunes Match is still screwed up. They made a huge blunder with iMovie and FCP X. I still can't get Finder window settings to "stick". etc. etc. etc.
But Apple has some damned solid HW. It's not perfect, but its far better than any other PC maker's out there.
The guy who was going to replace Bob now has a real rough time of it and I would be surprised if he stays with the company.
If any team at Apple is blowing it, it's the SW Engineering and SW QA teams. There a ton of bugs still in Lion, and now many in ML. iPhoto is a buggy joke. iTunes Match is still screwed up. They made a huge blunder with iMovie and FCP X. I still can't get Finder window settings to "stick". etc. etc. etc.
I'm still a bit skeptical he's being paid $2M per month. As you say that's more than most Fortune 500 CEO's get paid.People keep acting like it's no big deal to pay a senior executive $24 million/year. Take a look at what CEO's make. $24 million is a TON of money, even for a CEO. Sure there are a few who blow that number out of the water, but it drops off pretty quickly after the top-paid ones. Don't forget that he's getting stock options ON TOP of that. it's truly and OBSCENE amount of money.
I just checked. $24 Million is more than all but the 48 highest paid CEO's in the World. Remember, this guy is not a CEO, but a senior VP.