• Tim Cook Retains Top Talent With Over The Top Pay

    by
    Michael Essany
    Published on 2012-10-03 06:01 PM
    8 Comments Comments


    Apple CEO Tim Cook is apparently willing to pay up for top talent.

    Despite record sales and new stock highs recorded on multiple occasions during the past twelve months, Apple has lost no shortage of top talent to other companies - often companies that are in direct competition with Apple in some capacity.

    As a result, Cook wants to do whatever he can to keep his team together, even if it means throwing "ridiculous" sums of cash at them. According to new information gained by and published on Bloomberg this week, Cook recently opened his company's wallet to retain one of Apple's longest and most celebrated executives.

    On June 28, Apple announced the retirement of Senior Vice President Bob Mansfield... Cook approached Mansfield and offered him an exorbitant package of cash and stock worth around $2 million a month to stay on at Apple as an adviser and help manage the hardware engineering team.
    60 days later, Apple took the rare step of "announcing that Mansfield would stay at Apple." Obviously at Apple, money talks... and it stops the walks.

    Source: Bloomberg
    This article was originally published in forum thread: Tim Cook Retains Top Talent With Over The Top Pay started by Michael Essany View original post
    1. Categories:
    2. Apple
    Comments 8 Comments
    1. Awdad724's Avatar
      Awdad724 - 2012-10-03, 06:07 PM
      You get what you want when your wallet is that big, and if I was part of the apple team I wouldn't complain one bit.
    1. Greatbiguns's Avatar
      Greatbiguns - 2012-10-03, 06:15 PM
      Cash and Stock incentives worth "$2-million a month"!
      Sign Me Up!!
    1. AUZambo's Avatar
      AUZambo - 2012-10-03, 06:18 PM
      Looks like Chris Farley & Peter Griffin had a love child.
    1. hogcia's Avatar
      hogcia - 2012-10-03, 06:38 PM
      Dayumm!
    1. mallenass's Avatar
      mallenass - 2012-10-03, 11:42 PM
      Quote Originally Posted by AUZambo View Post
      Looks like Chris Farley & Peter Griffin had a love child.
      THIS comment ^

      LMFAO.
    1. mmaboi21's Avatar
      mmaboi21 - 2012-10-04, 01:51 AM
      Guys a genious
    1. Bigmaxx2000's Avatar
      Bigmaxx2000 - 2012-10-04, 04:36 AM
      Quote Originally Posted by AUZambo View Post
      Looks like Chris Farley & Peter Griffin had a love child.
      Rofllll
    1. bigboyz's Avatar
      bigboyz - 2012-10-04, 02:35 PM
      ..^^Good one but that is Shrek and Fiona's love child and he is PAAAAAAAIIIIIIID! Can i borrow $5?? hahaha! 2 million a month? Wow..he must be a valuable asset to be forkin over that kind of cash..good for him. Maybe he'll buy a $17 million dollar mansion like his boy :]

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