Results 1 to 2 of 2

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Apple's Peter Oppenheimer Is The World's Top Paid CFO

  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,847
    Thanks
    17
    Thanked 1,481 Times in 567 Posts

    Default Apple's Peter Oppenheimer Is The World's Top Paid CFO


    Another Apple executive is making headlines in the business world today in response to his exorbitant compensation package.

    Number crunchers and data collectors at Bloomberg figured out that Apple CFO Peter Oppenheimer is now the highest paid chief financial officer in the world.

    Last year, Apple's finance boss was compensated to the tune of $69 million. Apple's stellar financial performance enabled to company to reward Oppenheimer handsomely for his part in the efforts.

    Only $4.17 million was awarded to Apple Chief Executive Officer Tim Cook in 2012.

    According to David Larcker, a professor of accounting at the Stanford Graduate School of Business in Stanford, California, CFOs play a critical role in large companies like Apple, Google, Microsoft and elsewhere.

    “They’re a key part of the organization and they’re paid accordingly,” Larcker tells Bloomberg. “It would be very surprising if their performance evaluation wasn’t heavily weighted to minimizing corporate taxes. That’s their job.”

    Source: Bloomberg

  2. #2
    Another hallmark of company stagnation: excessive CEO pay.
    And no bother replying with that sad 'everyone does it' refrain. You can build a nice big web of how the F500 CEOs are all connected through the BoDs and how they all approve each others pay plans. Massive circlej3rk.

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •