Apple Employee Salaries: Who doesn’t want to make a lot of money? Who doesn’t want to receive top notch compensation for the work they put in? Apple Inc. (NASDAQ:AAPL) is one of the most valuable companies in the world. For this reason, it can afford to offer high salaries to key employees and other personnel.
In a recent Bloomberg article, this detail is discussed in greater depth. In fact, you may be surprised to learn just how much some people involved with Apple Inc. (NASDAQ:AAPL) are actually earning.
Here is a brief excerpt that is sure to knock your socks off:
“Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. (AAPL) senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.”
Imagine that. Four of the five highest paid employees at Standard & Poor’s 500 companies are not working for their respective company as CEO. Instead, these people are working for Apple in some other capacity.
This is not to say that you have to be a CEO in order to earn a big paycheck. That being said, many people expect those in the CEO position to earn more than others.
Citing fiscal 2012 compensation figures for top earners filed with the U.S. Securities and Exchange Commission, Bloomberg named the four executives as “Bob Mansfield, Bruce Sewell, Jeffrey Williams and Peter Oppenheimer.”
It is important to note that this is not the first time Apple Inc. (NASDAQ:AAPL) had paid its top employees big money. The Bloomberg piece adds that “last year was the second in a row that payouts at Cupertino, California-based Apple ranked among the most generous.”
Obviously, Apple is happy with what these employees bring to the table. They also feel that it should keep these people around to ensure that the company is moving in the right direction.
Greg Sterling, an analyst at San Francisco-based Opus Research, added the following:
“It’s a retention strategy to keep the key executives who were present in the Steve Jobs era. They want to be sure the actual talents that they bring to the company are retained, and also from a perception standpoint to retain confidence in the leadership.”
Do you agree that Apple Inc. (NASDAQ:AAPL) is paying high salaries as a means of keeping these employees happy? Share your opinion in the comment section below.
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DISCLOSURE: I have no positions in any stock mentioned.
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