Apple has issued unusual and significant stock bonuses, some up to $180,000, to some engineers in an effort to retain talent, looking to stave off defections to tech rivals.
Mark Gurman for Bloomberg News:
Last week, the company informed some engineers in silicon design, hardware, and select software and operations groups of the out-of-cycle bonuses, which are being issued as restricted stock units, according to people with knowledge of the matter. The shares vest over four years, providing an incentive to stay at the iPhone maker.
The bonuses, which came as a surprise to those who received them, have ranged from about $50,000 to as much as $180,000 in some cases. Many of the engineers received amounts of roughly $80,000, $100,000 or $120,000 in shares, said the people, who asked not to be identified because the program isn’t public. The perk was presented by managers as a reward for high performers.
The payouts aren’t part of normal Apple compensation packages, which include a base salary, stock units and a cash bonus. Apple sometimes awards additional cash bonuses to employees, but the size of the latest stock grants were atypical and surprisingly timed, the people said. They were given to about 10% to 20% of engineers in applicable divisions.
The bonus program has irked some engineers who didn’t receive the shares and believe the selection process is arbitrary.
MacDailyNews Take: Reportedly, Apple also paid the guy responsible for Universal Control $200K to go to Microsoft where “he’ll fit right in.”
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Tim Cook is such an inspiring leader, isn’t he?
Hey, Tim, why not make the engineers sit through more hours of your leftist Democrat woke bullshit brainwashing videos?
That’ll make them want to stay, you weak, boring, beancounter.
And the sign said
“Long-haired freaky people
Need not apply”
So I tucked my hair up under my hat
And I went in to ask him why
He said, “You look like a fine upstandin’ young man
I think you’ll do”
So I took off my hat and said, “Imagine that
Huh, me workin’ for you”
Whoa -Five Man Electrical Band
Capitalism holds for workers too, you corporate leftist commie you!
Apple is worth close to $3 Trillion – not bad for a bunch of woke leftist beancounters eh?
What are you worth?
Wrong question. This is the right question:
How much would Apple be worth today if not saddled with a weak, boring, bean-counting CEO for the last decade?
Answer: Much more than $3 billion led by a vibrant leader who’s not criminally beholden to the CCP.
Pity you can’t go back in time and tell Steve Jobs, supreme CEO and visionary leader, that he was going to make the wrong choice…
Yes, you asked the wrong question.
Appointing Cook was Steve Jobs biggest mistake! The only people who don’t know it are sycophant Apple APOLOGISTS like you.
Any CEO handed the golden goose iPhone by Steve in the top 100 companies can ride the money gravy train same as Cook for 10 years. No talent CEO without a creative bone in his body is now bribing employees with obscene slave labor profits, how noble. 🤣
He has no choice, Cook has the record for talented employees hired and leaving Apple shortly because it does not take best & brightest employees long to figure out, they are working in a woke leftist hell hole where everyone regardless of talent and ability beaten down to conform, merit be damned…
Capitalism on full display.
Love it!
Who’s the corporate leftist now? All this winning!
Bribing employees with slave labor profits from Communist countries to make yourself look good is certainly not an admirable form of capitalism.
You just don’t see it…
Supply/Demand applies to labor too.
And the corporate profits remain as you say.
Maybe they’re defecting, because they know there not good enough for Apple. They’ve made changes to the software, so the simplest of things, is now a bunch of extra steps & swipes. They just can’t figure out how else to turn it more like a Windows phone. Actually, maybe some have already moved to MacDailNews, as that’s also a paid typing stuff in.
It’s a great time to be a talented tech employee. Salaries must be climbing dramatically for those chosen few. I’m retired and was never all that talented at tech. I made my financial life comfortable by owning tens of thousands of shares of Apple stock.
Apple, stop being so damn cheap and give your employees free meals.