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Originally Posted by Cynthetiq
BoDs approve this type of compensation. SEC approves this kind of compensation packages.
companies like Whole Foods don't like these kinds of packages, and they have internal limits as to how much the CEO can make in comparison to the lowest paid employee. That is their choice to make as a company, just like Apple's choice to make.
Think back to when Jim Scully used to run Apple. He ran it into the ground. He obviously didn't deserve to get compesated anything like this. When he left the stock price was around $15 and dropped to about $13 IIRC. Where is it now that Jobs is there? What has he done for Apple in the past 7 years?
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We'll see if it was worth it or not if Apple maintains. There is big difference between Scully and Jobs.... Apple is was and always will be Jobs' purpose in life. He is Apple and Apple is him.
Again, this wasn't just to attack Steve Jobs...... IT WAS A STATEMENT ABOUT THIS PRACTICE AS A WHOLE.
I capitalize because it seems everyone wants to defend Steve Jobs but.... can you defend this practice as a whole.
And yes the SEC and BoDs and every governing body may accept this practice but it doesn't make it morally, fiscally or long term right and good for society as a whole now does it?
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
Last edited by pan6467; 06-23-2006 at 07:21 AM..
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