“Our buddies at Morningstar’s Footnoted.com have a hilarious piece about what they’re dubbing the ‘new golden parachute,'” Shira Ovide reports for The Wall Street Journal.
Advertisement: Students, parents and Faculty save up to $200 on a new Mac.
“On multiple occasions Footnoted dug up from employment contracts, public companies have agreed to pay for iPads if their executives leave the company,” Ovide reports. “It’s not entirely clear why high-powered corporate chieftains need to fight to hold onto their tech gear. General Growth CEO Mathrani, for example, is going to make a $1.2 million annual salary, plus a minimum yearly bonus of $1 million in his first two years on the job. Even the top-flight iPad costs just 0.03% of Mathrani’s annual salary and bonus.”
Read more in the full article here.
MacDailyNews Take: At least RIM’s half-CEOs Lazaridis and Balsillie have something to look forward to when amateur hour is over. Skadoosh!
[Thanks to MacDailyNews Reader “JES42” for the heads up.]
“Skadoosh!”
Priceless!
Not the “Wushi” finger!
My work is gonna sport me the 64GB 3G iPad real soon. Totally psyched.
Not being fired though. At least I hope.
“You can take your job and stuff it, but keep your dirty mitts off of my iPad!”
Recycling previously issued iPads isn’t worth it for the companies. Better to give new employees a fresh, out of the box device. Makes everyone feel good for very little money.
Folks —
Notice they are talking about “employment contracts”. So this is at the top executive level, where there all sorts of perks.
If an outgoing C level officer wanted his chair & desk, they’d probably give that to them too. And let them keep their key to the executive restroom.
You don’t have to be a top executive to have an employment contract.
I agree. Even McDonalds employees sign an employment contract.
I wonder if they get to keep the hat 🙂
Free fries for life!!!
Yeah, it’s too bad my former company (name withheld) didn’t do that for me, or let me keep my 3 year old MacBook Pro. It’s not like they don’t manufacture them.