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Category: Apple

December 3rd, 2008

Nobody works for a dollar

Posted by Deb Perelman @ 1:56 pm

Categories: Apple, Economy, Leadership, Salaries

Tags: Stock, Jet, Salary, CEO, Benefits, Stock Options, Investment, Payroll Solutions, Financial Accounting, Human Resources

Executive salaries, plus or minus a few jets.

Blasting across the television screen and into my living room last night was a headline that never fails to drive me batty: Execs Say They’ll Accept $1 Salary.

In this case, the self-sacrificing, willing paupers were the CEOs of the three biggest auto-makers on the occasion of their $34 billion bailouts, vowing to sweeten the deal for taxpayers by sacrificing their yearly millions.

Except, none of these boldface names actually work for a dollar. Not former Yahoo CEO Jerry Yang, not Google founders Larry Page and Sergey Brin, nor its CEO, Eric Schmidt. Apple CEO and co-founder Steve Jobs doesn’t work for 100 pennies a year either, and neither do the execs of Capital One or Pixar, all who have been the cause for previous “Works for Pennies!” headlines.

One dollar salaries are a PR move: a message to shareholders, employees and taxpayers that the bosses care, and are doing everything in their power to get the company out of the mess they’ve overseen, even sacrificing their own bottom line to save the company. They’re symbolic gestures, kind of like arriving for their meeting on Capitol Hill in hybrid cars after being chastised for arriving at the previous meeting in private jets. They’re no more retiring their private jets than they will be opening cans of soup for dinner should the bailout meet approval.

Read the rest of this entry »

August 7th, 2008

The shine is off another apple

Posted by Deb Perelman @ 2:14 pm

Categories: Apple, Lawsuits, Work-Life Balance

Tags: job, overtime, apple inc., recruitment & selection, human resources, workforce management, deb perelman

Techies to Apple: You treat us like indentured servants.

In a lawsuit filed Monday that the plaintiff hopes to turn into class-action that could include all staff at retail stores, an Apple employee alleges that the company denied technical staffers overtime pay and other compensations required by state law. The network engineer employed by Apple from 1995 until 2007, David Walsh, says that he spent innumerable evenings and entire weekend on call without any overtime pay, fielding tech support calls that came after 11 p.m.

Furthermore, Walsh says that Apple “intentionally and deliberately created numerous job levels and a multitude of job titles to create the superficial appearance of hundreds of unique jobs, when in fact, these jobs are substantially similar and can be easily grouped together for the purpose of determining whether they are exempt from overtime wages,” reads the complaint.

Now raise your hand if you’ve ever worked in a tech support job that stiffed you on overtime or had you on call at absurd hours. Oh wait, all of you have? Then this means that it probably doesn’t surprise you that techies at Sun Microsystems, Electronic Arts, IBM and Dell have pursued similar suits with varying degrees of success.

But what stands out here–to this writer at least–is Apple’s name on it. No, this isn’t being in the RDF that precludes one from seeing or hearing any evil about shiny Mac products, but about the fact that Apple is such a coveted place to work, it is described in different accounts as “cool,” “a dream job,” “the holy grail of aesthetic accolade” as well as “a great way to meet chicks.” (And these were just the top of search results.)

It sounds instead like another case of employment realities at Workplace Wonderlands–it seems the cooler a workplace is perceived to be, the less hard it has to fight to fill openings, and fewer it has to bait them with–even the legal guarantees of overtime pay and the promise of a few hours off each week.

Deb Perelman is a journalist in New York City with a focus on tech and the daily grind. See her full profile and disclosure of her industry affiliations.

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