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+--- Thread: It's disgraceful what they pay their people! How can you live on this? (/showthread.php?tid=130170)
Re: It's disgraceful what they pay their people! How can you live on this? - Grace62 - 01-10-2012
Article Accelerator wrote:
[quote=Grace62]
I'm a lot more interested in how Apple treats its lowest paid employees. Including the people making iPods in China.
Quite well, apparently. How else would Foxconn be able to attract hundreds of thousands of workers? What else would explain why Foxconn workers have a significantly lower incidence of suicide than their fellow citizens?
Source? I'm not doubting you - but I'm genuinely interested in this. I'd like to read more about that. Because Foxconn hasn't gotten good press in the US.
http://www.wired.com/epicenter/2011/05/foxconn-no-suicide-pledge/
Re: It's disgraceful what they pay their people! How can you live on this? - Rick-o - 01-10-2012
DeusxMac nailed it. (tu)
With behavior like what he described, is it any wonder that Joe Lunchbox and Sally Housecoat are up in arms? :mad2:
Re: It's disgraceful what they pay their people! How can you live on this? - AllGold - 01-10-2012
$900K salary and bonus isn't much for a CEO. The stock is potentially a buttload of money but not now and not for several years.
Re: It's disgraceful what they pay their people! How can you live on this? - lazydays - 01-10-2012
I am in the camp that says no one man is worth that kind of money.
Re: It's disgraceful what they pay their people! How can you live on this? - J_W - 01-10-2012
It is not whether "one man is worth that kind of money". It is what a man's worth to that entity and its shareholders.
In this case, Mr. Cook will receive 1M AAPL shares out of a total of 929 M shares. That is, every Apple shareholder will cover Mr. Cook's compensation by giving him ~$0.23 out of each share of AAPL in Q3 2016, and another $0.23/share in Q3 2021 (if the price is at $420/share). As a shareholder myself, I think it is a pretty reasonable investment to give Mr. Cook a try.
On the other hand, consider the size and power Apple's competitors have (and the ridiculous amount of cash these companies agreed to pay to get rid of some clowns dressed like a CEO), the amount for Mr. Cook is not really out of the line (in this industry).
How much Tim Cook is worth to Apple and its shareholders is totally up to Apple's board, as well as the compensation structure to the rest of Apple employees (and subcontractors' workers) is totally up to Apple's management. Companies are often very creative to structure the total benefit terms to achieve its business goals. The goal here is to keep all recruiters off Mr. Cook so he can focus on his job, IMO.
The bottom line is, every company needs to make sure they can retain all talents/workforce they need to stay afloat in the industry. As long as a company is honest and productive, none of that is anyone's business but the company's shareholders.
Re: It's disgraceful what they pay their people! How can you live on this? - lazydays - 01-10-2012
I've read way too much Dilbert (and worked in a dilbert office) to go for that.
Re: It's disgraceful what they pay their people! How can you live on this? - Article Accelerator - 01-11-2012
Grace62 wrote:
[quote=Article Accelerator]
[quote=Grace62]
I'm a lot more interested in how Apple treats its lowest paid employees. Including the people making iPods in China.
Quite well, apparently. How else would Foxconn be able to attract hundreds of thousands of workers? What else would explain why Foxconn workers have a significantly lower incidence of suicide than their fellow citizens?
Source? I'm not doubting you - but I'm genuinely interested in this. I'd like to read more about that. Because Foxconn hasn't gotten good press in the US.
http://www.wired.com/epicenter/2011/05/foxconn-no-suicide-pledge/
No problem--follow the links:
http://forums.macresource.com/read.php?1,1242774,1242887#msg-1242887
Re: It's disgraceful what they pay their people! How can you live on this? - Grace62 - 01-11-2012
Article Accelerator wrote:
No problem--follow the links:
http://forums.macresource.com/read.php?1,1242774,1242887#msg-1242887
That just says they are trying to improve conditions after the international embarrassment and pressure from their foreign customers, it doesn't say the conditions were not abhorrent, in fact it's an acknowledgement that they were/are.
Re: It's disgraceful what they pay their people! How can you live on this? - Article Accelerator - 01-11-2012
Sorry, I'm losing you there, Grace62: I thought you asked for supporting citations regarding my assertion that Foxconn workers have a significantly lower incidence of suicide than their fellow citizens. I gave them to you.
Why the diversion?
Re: It's disgraceful what they pay their people! How can you live on this? - Grace62 - 01-11-2012
Article Accelerator wrote:
Sorry, I'm losing you there, Grace62: I thought you asked for supporting citations regarding my assertion that Foxconn workers have a significantly lower incidence of suicide than their fellow citizens. I gave them to you.
Why the diversion?
I'm not too impressed by those citations. The numbers used in each piece are all over the map. It's also absurd to expect suicide rates across cultures as different as China and the US to be comparable.
Is suicide really the issue?
I think the point here, as acknowledged in what I've read and in the links that you provided, is that worker conditions at Foxconn are deplorable. We don't need for people to kill themselves in order to see that.
So your original claim that Foxconn employees are treated "quite well" doesn't match up to any info that I'm seeing.