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Apple's New Corporate Controller Luca Maestri Receives Stock Rights Worth $15 Million

luca_maestriFormer Xerox CFO Luca Maestri officially joined Apple as Corporate Controller in late February and a filing with the U.S. Securities and Exchange Commission published earlier today reveals that he received 38,091 restricted stock units (RSUs) in March of this year.

As with most RSUs handed out by Apple, these carry staggered vesting dates with 1/8 of the total number of units converting to actual shares every six months over a four year period.

Apple's restricted stock grants are often issued as incentives to stay with the company because the shares vest over time and require employees to remain employed through each vesting date.

At Apple's current stock price, Maestri's RSUs are worth approximately $15 million, but that total will shift depending on the stock price at the time that the shares vest.

In his role as Corporate Controller, Maestri works directly under Apple senior vice president and Chief Financial Officer Peter Oppenheimer. Before serving as CFO at Xerox, Maestri formerly worked at Nokia Siemens Networks and GM.

Top Rated Comments

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20 months ago

Hooray. Another fat cat gets stock worth $15 MILLION for sitting on his lazy arse while 90% of everyone else in the country makes $7 an hour working theirs off. That is a newsworthy RUMOR? :rolleyes:


Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.
Rating: 23 Votes
20 months ago
Hooray. Another fat cat gets stock worth $15 MILLION for sitting on his lazy arse while 90% of everyone else in the country makes $7 an hour working theirs off. That is a newsworthy RUMOR? :rolleyes:
Rating: 21 Votes
20 months ago

Hooray. Another fat cat gets stock worth $15 MILLION for sitting on his lazy arse while 90% of everyone else in the country makes $7 an hour working theirs off. That is a newsworthy RUMOR? :rolleyes:


Cry me a river. :rolleyes:
Rating: 10 Votes
20 months ago

Cry me a river. :rolleyes:


No.
Rating: 9 Votes
20 months ago
He doesn't look like a weasel at all...

Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.


You are either too naive, or expect others to be naive. Plenty of people put in "hard work and study", the royal road to such echelons though is via arse kissing, back stabbing and ruthlessness.
Rating: 9 Votes
20 months ago

Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.


Salaries and stock options aren't given as some sort of gold star for prior efforts; they are given as an advance on future contributions to the company.

At least in theory. In practice, it's a elite boy's club of rich people giving other rich people money for not working any harder, and often less hard, than employees lower on the totem pole.
Rating: 7 Votes
20 months ago
15M to hide all that money from the US gov't. seems pretty low rent to me.
Rating: 6 Votes
20 months ago

LOL! Immediately imply the person who's pointing out the disparity of wealth in this country is "lazy."

That's like when someone says Nicki Minaj's music is no good, a fan of hers will scream about how jealous the other person is of her "success" or the typical, "you're just a hater!"

In all seriousness though, what exactly is this guy doing that's so valuable that he's just been handed five times more money than many people will make over the course of their entire lives?



As George Carlin says (http://www.youtube.com/watch?v=i5dBZDSSky0) its a big boys club and you ain't in it!!!
Rating: 6 Votes
20 months ago

Cry me a river. :rolleyes:


Nice attitude. I bet you're a gem of a guy to hang out with.
Rating: 6 Votes
20 months ago

Do you have any idea how much time and hard work as well as study it takes to get to this point in a career like his? Sorry if you were too LAZY to apply yourself when it counted, but this is money he's earned, and calling him "another fat cat" is just an easy way for people to make excuses for their own lack of initiative.


You don't have a clue about me so do us a favor and stop before you look even more ignorant. I do NOT make minimum wage. Not even CLOSE. I make a good living in engineering. I have two degrees in it and do other creative work on the side (music production as a hobby) so laziness is not a factor. However, unlike some people in this world, I do not condemn hard working people just because they weren't lucky enough to land the right butt kissing job and sorry, but these top executives are out of this world OVER PAID. And frankly, I don't give a blank what you think about it.

I've seen CEOs run a company INTO THE GROUND and still get paid MILLIONS for it in their severance package. And it is that rewarding GARBAGE with tons of money. And let's not forget all those "too big to fail" banks that drove the ENTIRE WORLD ECONOMY into the ground. They still got paid; they got bailed out and now they're more powerful than ever for SCREWING EVERYONE. So get off your high rich horse already. There is no amount of work in this world that is worth $15 MILLION a year in sheer terms of labor (intellectual or otherwise), let alone what some of these people make. You can justify it all day long with company profits, etc., but that just tells me the rest of the employees of the company are probably underpaid and overworked like most in this world. The fact that there are other people that could replace some of those workers is neither here nor there. There are other CEOs out there as well and plenty of up and coming people that could replace most of management. They'll never get the chance. Many companies like Apple pay next to nothing for manufacturing labor by building overseas in god forsaken Communist countries where the people don't even get a chance for an education, regardless of their potential so spare me the "they earned their money" routine. You don't know WTF you're talking about. But keeping talking out your back side anyway. You seem to be good at it.

i'm sure if you asked apple why he's worth 15M, they could tell you. and they would also tell you why the min wage people aren't worth 15M over 4 years.


And I'm sure it has to do with their own greed (including the stock holders, many of whom are also the same type). That doesn't make them good people and it doesn't mean they aren't replaceable. Most people in the top 1% are there because they either got a major break from someone else (right place, right time) or they were born into rich circumstances that gave them the right connections, etc. to start (i.e. there's a reason there have been a father/son combo in the White House and it's not because they're "smart" or "deserve" it). Read about or watch a show on the history of people like Carnegie or Rockefeller. They got where they did by destroying people's lives to feed their own egos. And they got their start because they were lucky enough to have someone else that high up give them a chance. Rockefeller's own oil company start-up was failing big time until Vanderbilt gave him a break. He never would have gotten anywhere in life without that break. So this idea that some people are simply geniuses and everyone else is a moron and deserves to make nothing is nothing but a pile of bullcrap.

There are plenty of intelligent people out there that will never enter the top 1% stratosphere simply due to not being in the right place at the right time. Others wouldn't even want to be there if it was offered since that kind of money and power corrupts big time. There's a reason most religions preach against the ills of money and lust. It destroys your soul's spiritual progress and frankly, that's what you take with you when you die, not money. Unless they are atheists and are right, I wish them good luck explaining all the lives they crushed to get where they got.

I understand my opinion will never be popular with most people, even most poor people because most people wish they could be that rich and/or powerful and if they were, they'd do whatever it took to stay there too. Very few people in this world are the slightest bit enlightened or wise and reading a few responses to my two line opinion demonstrates it over and over.
Rating: 5 Votes

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