4 ms·
That's surprisingly reasonable. The rule of thumb I've heard is only half of employee expenses is salary, so that gives you an average "effective" salary of $90
by TTPrograms 12y ago
That's surprisingly reasonable. The rule of thumb I've heard is only half of employee expenses is salary, so that gives you an average "effective" salary of $90,000 for Apple employees.
- amatix 12y agoThe $184K is net profit, so each employee's salary is already counted. Another way of thinking about it: every Apple employee can get a $180K salary increase and they'd still make money.
- hollerith 12y agoA salary increase of $180K quarterly (== $720K annually)!
- sillysaurus3 12y agoWow... Is that correct?
- gilgoomesh 12y agoThe numbers are correct. A better interpretation would be: if the employees owned the company, they'd (effectively) get that much more per year. Instead, shareholders own the company so that money is (effectively) given in equity to the shareholders each year.
- jsprogrammer 12y agoApple shareholders are an enormous cost-center. Perhaps the largest.
- uknj 12y agoWhy are shareholders considered a cost? Apple does not have to pay out dividends.
- jsprogrammer 12y agoAnd yet, it does. I wonder why? At the least, the shareholders hold the cash hostage. They are among the first to be paid out in event of a liquidation. Perhaps a better question is, how are shareholders not a cost?
- kgwgk 12y agoShareholders are the last to be paid in the event of a liquidation (equity is by definition assets minus liabilities) and dividends are not a cost (unlike interest payments).
- jsprogrammer 12y agoThey are far ahead of the employees though. Employees have no claims on assets (except for unpaid, contractual provisions such as earned wages) in event of a liquidation. Dividends are a cost to the organization. They are resources that will never be recovered. However, from the point of view of the shareholder it is personal income. If dividends are not a cost to the organization, what are they?
- kgwgk 12y agoShareholders are not "far ahead" of employees, because there is no one behind shareholders. Employees get what they are owed before shareholders see a cent. Why should they get more than that? Maybe you think customers should get a piece of the pie, too? Or competitors? Dividends are the distribution of a part of the profit (or maybe retained earnings, if the current earnings are not enough) to shareholders. Profit is what is left from revenue after costs. Unless you want to redefine the basic accounting terms, dividends cannot be a cost.
- modeless 12y agoThis is by far their biggest quarter though. If you add all four quarters, you get $440k annually. It's still insane.
- jsprogrammer 12y agoYeah, I think this is really showing how much Apple the organization is extracting from the individual Apple employees.
- icebraining 12y agoWould gas travel faster if it didn't have to drag the car along?
- jsprogrammer 12y agoUndoubtedly[1]. [1] http://www.space.com/21983-black-hole-rips-and-whips-galactic-gas-cloud-video.html http://www.space.com/21983-black-hole-rips-and-whips-galacti...
- icebraining 12y agoNot sure if replacing the car with a black hole is beneficial to the gas - or in this case, the workers - though.
- jsprogrammer 12y agoGas probably doesn't give a shit, used to be mixed with a bunch of stuff in the earth before someone distilled it out and it eventually ended up in a tank, ready to be exploded. Was just an example of a positive "yes" answer to your question.
- jpttsn 12y agoBut what about the customers? If a customer buys a $1k laptop and gets $2k out of value from it, the customers are effectively exploiting the workers more than Apple the organization could ever dream of. Where would you draw the line?
- jsprogrammer 12y agoWhat does it mean to get $2k out of value from a laptop? I'm sure Apple could devise a licensing scheme to get a kickback on whatever you collect.
- crgt 12y ago"$184 000 per employee in Q4" I think you took quarterly numbers and conflated them with annual numbers. Unless a 90k effective quarterly salary seems reasonable?