While competition is fierce for fab workers worldwide, Silicon Valley is as cutthroat as ever. To keep peeps from jumping ship, Apple’s said to be handing out stock. A piece last week from MacRumors had the Cupertino-company giving some engineers as much as $180,000 in restricted stock, provided they stick around. Citing a Bloomberg report, the piece says:
…select engineers in silicon design, hardware, software, and operations were informed that they would be receiving a $50,000 to $180,000 stock bonus, which Bloomberg says is "unusual and significant.”
Quoting Bloomberg:
The payouts aren't part of normal Apple compensation packages, which include a base salary, stock units and a cash bonus. Apple sometimes awards additional cash bonuses to employees, but the size of the latest stock grants were atypical and surprisingly timed, the people said. They were given to about 10% to 20% of engineers in applicable divisions.
Which you know has to really please the 80% to 90% who got to read about it in Bloomberg. The awards are “set to vest over the course of four years,” according to the report, “provided the employees stay with Apple and do not take jobs at other companies.”
