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Apple CEO Tim Cook declines RSU dividends worth over $75M

post #1 of 64
Thread Starter 
It was learned through Apple's 8-K filing with the SEC on Thursday that CEO Tim Cook specifically declined to be included in a dividend award program being offered to those employees who hold restricted stock units (RSUs).

In the filing, it was reported that Apple's board of directors had decided to give RSU holders the same $2.65 per share quarterly dividends offered to public shareholders, but Cook requested not to take the award that would be worth more than $75 million.

From the 8-K filing:

On May 24, 2012, the Compensation Committee (the "Committee") of the Board of Directors of Apple Inc. (the "Company") approved amendments to each outstanding and unvested restricted stock unit award granted by the Company to its employees (other than Timothy D. Cook, the Company's Chief Executive Officer). The amendments provide that if the Company pays an ordinary cash dividend on its common stock, each award will be credited with an amount equal to the per-share cash dividend paid by the Company, multiplied by the total number of restricted stock units subject to the award that are outstanding immediately prior to the record date for such dividend. The amounts that are credited to each award are referred to as "dividend equivalents." Any dividend equivalents credited to an award will be subject to the same vesting, payment and other terms and conditions as the unvested restricted stock units to which the dividend equivalents relate. Depending on the domicile of the employee, accumulated dividend equivalents will either be paid in cash or used to offset employee taxes due upon vesting of the restricted stock units.

The Committee determined these amendments were appropriate in light of the Company's announcement on March 19, 2012 that it intends to commence paying ordinary cash dividends of $2.65 per share to its shareholders on a quarterly basis sometime during the fourth quarter of its 2012 fiscal year. As restricted stock units are not outstanding shares of common stock and thus would not otherwise be entitled to participate in such dividends, the crediting of dividend equivalents is intended to preserve the equity-based incentives intended by the Company when the awards were granted and to treat the award holders consistently with shareholders.

At Mr. Cook's request, none of his restricted stock units will participate in dividend equivalents. Assuming a quarterly dividend of $2.65 per share over the vesting periods of his 1.125 million outstanding restricted stock units, Mr. Cook will forego approximately $75 million in dividend equivalent value.


Because restricted stocks vest in intervals, an executive or employee is more apt to stay with a company and perform well to ensure the highest payout when the units convert to shares.

Tim Cook


After being named CEO in 2011, Cook received a one million RSU bonus which at the time was worth an estimated $383 million. The chief executive's RSUs are on a five and ten year vesting schedule, meaning that half of his restricted units vest in five years with the remainder to be converted after ten years.

Earlier this month, Cook sold 37,500 RSUs that were awarded to him during his tenure as interim CEO two years ago, netting about $11.1 million in the process.
post #2 of 64

Oh, I don't know... this is all "inside baseball" that will only provoke the iHaters and anarcho-socialists who troll here regularly. It really makes no difference to customers in the slightest.

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GOA

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GOA

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post #3 of 64

</a>

post #4 of 64
Quote:
Originally Posted by SpamSandwich View Post

Oh, I don't know... this is all "inside baseball" that will only provoke the iHaters and anarcho-socialists who troll here regularly. It really makes no difference to customers in the slightest.

These are educated professionals, that expect the American dollar to tank any month or year now. Better to liquidate and invest elsewhere. Tim Cook is going to take good care of Apple, long after it is no longer the same company it is today, and regardless of whatever currency its stock is based in.

 

Just my cynical take on things.

post #5 of 64
Quote:
Originally Posted by asterizk View Post

</a>

 

This.  yeah, I laughed too.

post #6 of 64

This may have a lot to do with being able to remain into a lower capital gains tax bracket. Ask Mittens Romney, he's an expert in scamming the IRS and the American people.

post #7 of 64

Maybe that's why he dines with random groups in the staff cafeteria, "hey buddy can you buy me a coffee, I'm a little short this week, I'll pay you back when I get my 90c salary."

 

...or maybe not.

 

More lily something to do with income tax.

Better than my Bose, better than my Skullcandy's, listening to Mozart through my LeBron James limited edition PowerBeats by Dre is almost as good as my Sennheisers.
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Better than my Bose, better than my Skullcandy's, listening to Mozart through my LeBron James limited edition PowerBeats by Dre is almost as good as my Sennheisers.
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post #8 of 64
Quote:
Originally Posted by LordJohnWhorfin View Post

This may have a lot to do with being able to remain into a lower capital gains tax bracket. Ask Mittens Romney, he's an expert in scamming the IRS and the American people.

 

This coming from a IRS scammer? Do you report all your sales tax that online companies didn't collect from you? Since you decided to make the thread political, I'd rather have the choice between a person who knows business, and is smart enough to protect his own money, than a person who has never run a business for profit, constantly lies to you, and spends everyone's money like it was his own.

post #9 of 64
Quote:
Originally Posted by ljocampo View Post

 

This coming from a IRS scammer? Do you report all your sales tax that online companies didn't collect from you? Since you decided to make the thread political, I'd rather have the choice between a person who knows business, and is smart enough to protect his own money, than a person who has never run a business for profit, constantly lies to you, and spends everyone's money like it was his own.

 

Romney knows business and is smart enough to protect his own money, but suggesting he doesn't constantly lie or won't spend the American people's money just like Barack Obama needs a serious reality check.

 

Romney has lied repeatedly... repeatedly...  repeatedly...


Edited by SpamSandwich - 5/24/12 at 4:57pm

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post #10 of 64
Quote:
Originally Posted by SpamSandwich View Post

 

Romney knows business and is smart enough to protect his own money, but suggesting he doesn't constantly lie or won't spend the American people's money just like Barack Obama needs a serious reality check.

 

Romney has lied repeatedly.

 

Reality check.

 

ALL politicians lie.

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post #11 of 64
Quote:
Originally Posted by hill60 View Post

 

Reality check.

 

ALL politicians lie.

 

Another reality check. All people lie.

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post #12 of 64

When did this become political? Why did this become political?

 

I doubt this has anything to do with fears of an insolvent dollar.


I doubt this has anything to do with the financial management or mismanagement of our incumbent president or his opponent, though I'm certain both are guilty of both.

 

And since no one has posed the 'all things in moderation' option, I'll do so now:

 

Maybe Tim Cook just doesn't want the money because, by no stretch of the imagination, does he need it. Not everyone on the planet is a money-grubber. Not everyone takes absolutely everything they can get when they can get it.

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post #13 of 64
Quote:
Originally Posted by Tallest Skil View Post

When did this become political? Why did this become political?

I doubt this has anything to do with fears of an insolvent dollar.


I doubt this has anything to do with the financial management or mismanagement of our incumbent president or his opponent, though I'm certain both are guilty of both.

And since no one has posed the 'all things in moderation' option, I'll do so now:

Maybe Tim Cook just doesn't want the money because, by no stretch of the imagination, does he need it. Not everyone on the planet is a money-grubber. Not everyone takes absolutely everything they can get when they can get it.

Possibly. Personally I think the devaluation of US currency is worth considering. Political leanings notwithstanding.
post #14 of 64

I like how everyone is rushing to the most cynical possible reasons for this. Everything I've heard, read, and seen from Tim Cook has given me the impression he's extremely humble, grounded, hard-working, sincere, focused, and passionate individual who is laser focused on Apple and not on himself. I can see him refusing this simply because he does not need it, is not ultra-greedy, and has enough perspective to realize he has more money than he knows what to do with and does not need a further dividend, or financial motivation to stay with Apple. This answer is more plausible than all the other ones being thrown out there. Yes, one can be rich, powerful, and have all these qualities- I know this because I personally know people like this, who make me hope that if I was so financially blessed I could remain as grounded and generous as them. Cook got to where he was by pure skill, hard-work, and intelligence- not by gaming the system, pulling strings, or inheriting wealth. 

post #15 of 64
Quote:
Originally Posted by Slang4Art View Post


Possibly. Personally I think the devaluation of US currency is worth considering. Political leanings notwithstanding.

 

This is preposterously wrong.  He's literally giving up 75 million dollars (before taxes).  If the currency is of concern he could use the 75m to buy foreign currency or assets. 


As for the cap gains issue, unless the tax rate on the 75m would be 100% or more (which it would definitely not), he'd still come out economically ahead if he took the money.  He's literally giving up a significant amount of money, no matter what the tax/currency issues. 

post #16 of 64

This must mean that the new iPhone will have a 5-inch screen. 

post #17 of 64
Quote:
Originally Posted by Slurpy View Post

I like how everyone is rushing to the most cynical possible reasons for this. Everything I've heard, read, and seen from Tim Cook has given me the impression he's extremely humble, grounded, hard-working, sincere, focused, and passionate individual who is laser focused on Apple and not on himself. I can see him refusing this simply because he does not need it, is not ultra-greedy, and has enough perspective to realize he has more money than he knows what to do with and does not need a further dividend, or financial motivation to stay with Apple. This answer is more plausible than all the other ones being thrown out there. Yes, one can be rich, powerful, and have all these qualities- I know this because I personally know people like this, who make me hope that if I was so financially blessed I could remain as grounded and generous as them. Cook got to where he was by pure skill, hard-work, and intelligence- not by gaming the system, pulling strings, or inheriting wealth. 

+++++ QFT

One of the best posts I've read in a long while...

Tim Cook is making a statement -- there are things more important than money... It's called leadership, setting an example, dedicating yourself...

It is like Mike Markkula coming out of retirement to give birth to Apple...

Or Steve taking a salary of $0.99 per year after his return to Apple as CEO.


And like Mike and Steve, in the end, Tim, and Apple, will reap the benefits many times over by the example he sets.
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post #18 of 64
This was not just "learned through the 8K filing" today.

On the day the Apple's dividend/buyback policy was announced a couple of months ago, it was expressly made clear that Tim Cook specifically chose to exempt his personal shareholdings and share awards from any dividends whatsoever.

Someof us even commented on the fact that it was an incredibly classy thing to do.
post #19 of 64

yeah obummmer has done a fantastic job as a community organizer........oh wait.................never mind

post #20 of 64
Quote:
Originally Posted by ljocampo View Post

Quote:
Originally Posted by LordJohnWhorfin View Post

This may have a lot to do with being able to remain into a lower capital gains tax bracket. Ask Mittens Romney, he's an expert in scamming the IRS and the American people.

This coming from a IRS scammer? Do you report all your sales tax that online companies didn't collect from you? Since you decided to make the thread political, I'd rather have the choice between a person who knows business, and is smart enough to protect his own money, than a person who has never run a business for profit, constantly lies to you, and spends everyone's money like it was his own.


OMG… Birther Alert !

>: )
Cheers !
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Cheers !
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post #21 of 64
Quote:
Originally Posted by anantksundaram View Post

This was not just "learned through the 8K filing" today.
On the day the Apple's dividend/buyback policy was announced a couple of months ago, it was expressly made clear that Tim Cook specifically chose to exempt his personal shareholdings and share awards from any dividends whatsoever.
Someof us even commented on the fact that it was an incredibly classy thing to do.

Yep, this is old news. Nothing to see here. Move along.
post #22 of 64
Quote:
Originally Posted by SpamSandwich View Post

Oh, I don't know... this is all "inside baseball" that will only provoke the iHaters and anarcho-socialists who troll here regularly. It really makes no difference to customers in the slightest.

It isn't intended to make a difference to the customers. It's a message to the employees and the investors. The message is "I am putting Apple first and I'm being well compensated, so I don't mind passing up some of the extras that are being distributed. It's not all about money".

It's a very solid message and well worth saying. Of course, in the end, if it makes employees work harder or stay with the company longer, he'll recover more than he gave up, anyway.

Quote:
Originally Posted by LordJohnWhorfin View Post

This may have a lot to do with being able to remain into a lower capital gains tax bracket. Ask Mittens Romney, he's an expert in scamming the IRS and the American people.

I love the way people who have no concept of how taxes work are the first to blather about taxes.

It doesn't matter what tax bracket he's in. He would have more take home money if he accepted the dividends than if he gave them up. Tax brackets are incremental - and a higher bracket only applies to the gains above that bracket - not everything below. Furthermore, a dividend is taxed as income, not capital gains.

The only possible scenario where it might make sense is if it kept him out of AMT territory, but I'm sure he's way beyond that point.

There is no tax reason for giving these up. Under any scenario, the taxes would be only a fraction of the total (probably around half with combined state, Federal, and local taxes). So he'd still have an extra $35-40 M in his pocket after taxes if he took the dividends.

Quote:
Originally Posted by Slurpy View Post

I like how everyone is rushing to the most cynical possible reasons for this. Everything I've heard, read, and seen from Tim Cook has given me the impression he's extremely humble, grounded, hard-working, sincere, focused, and passionate individual who is laser focused on Apple and not on himself. I can see him refusing this simply because he does not need it, is not ultra-greedy, and has enough perspective to realize he has more money than he knows what to do with and does not need a further dividend, or financial motivation to stay with Apple. This answer is more plausible than all the other ones being thrown out there. Yes, one can be rich, powerful, and have all these qualities- I know this because I personally know people like this, who make me hope that if I was so financially blessed I could remain as grounded and generous as them. Cook got to where he was by pure skill, hard-work, and intelligence- not by gaming the system, pulling strings, or inheriting wealth. 

Exactly.
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post #23 of 64

Mods, please get rid of the dumb-ass, irrelevant political comments here!?

post #24 of 64
Quote:
Originally Posted by anantksundaram View Post

This was not just "learned through the 8K filing" today.
On the day the Apple's dividend/buyback policy was announced a couple of months ago, it was expressly made clear that Tim Cook specifically chose to exempt his personal shareholdings and share awards from any dividends whatsoever.
Someof us even commented on the fact that it was an incredibly classy thing to do.

Yeah... "classy" covers it!
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
- Michael Lille -
Reply
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
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post #25 of 64
Quote:
Originally Posted by ljocampo View Post

 

This coming from a IRS scammer? Do you report all your sales tax that online companies didn't collect from you? Since you decided to make the thread political, I'd rather have the choice between a person who knows business, and is smart enough to protect his own money, than a person who has never run a business for profit, constantly lies to you, and spends everyone's money like it was his own.

Don't get your Magic Mormon Underwear in a twist. Did you know that the sales tax doesn't go to the IRS, but to state and local government? Do you have any idea about how capital gains tax works? Do you know why most CEOs keep their taxable income down to a ridiculous amount, like Steve Job's $1/year? (hint: it was not out of generosity).

 

Do you know what Romney's plan for education is? Increase the headcount per class and eliminate the changes Obama made to the student loan industry, which only benefit the banks.

 

If you make under $1M/year, voting for Romney is voting against your own interest -- which makes you an idiot. If you make more and vote for Romney, you're just an anti-American selfish prick. Either way, it's not very nice.

post #26 of 64
Quote:
Originally Posted by Dick Applebaum View Post


+++++ QFT
One of the best posts I've read in a long while...
Tim Cook is making a statement -- there are things more important than money... It's called leadership, setting an example, dedicating yourself...
It is like Mike Markkula coming out of retirement to give birth to Apple...
Or Steve taking a salary of $0.99 per year after his return to Apple as CEO.
And like Mike and Steve, in the end, Tim, and Apple, will reap the benefits many times over by the example he sets.

 

Thanks. And good points. 

 

Another thing to note is that under Jobs, investors were demanding dividents for years. Cook accepting the dividend may be spun as taking the first opportunity to give himself a paycheck that the old boss didn't want to give. He is implementing alot of new, beneficial policies for Apple employee, and does not want to appear as benefitting from them himself. It's a smart, as well as classy move to make sure he doesn't compromise broader company goals by giving someone a chance to put him in a negative personal spotlight, however false that spotlight may be. 

post #27 of 64
Quote:
Originally Posted by anantksundaram View Post

Mods, please get rid of the dumb-ass, irrelevant political comments here!?

Just wanted to point out that discussing the motivation behind turning down the cash was not irrelevant. He certainly does not need the extra cash, but I'm sure he could find some use for it. I'm simply speculating that it may not be the selfless act it appears to be. If you make all your money from capital gains, you're taxed at an extremely low rate, but if you have significant income the capital gains rate goes up (to a paltry 15%, but still).

Google it, it will help you figure out why most of us who get up in the morning to go to work pay more than twice as much as people who do nothing (I'm obviously not talking about Tim Cook here)

post #28 of 64

The IRS and tax code is one of the biggest scams there is!  

 

http://freedomtofascism.com  -- this documentary movie will start explaining...

 

http://www.paynoincometax.com/pdf/federal_mafia.pdf -- This book will finish explaining it.  

post #29 of 64
Quote:
Originally Posted by LordJohnWhorfin View Post

Just wanted to point out that discussing the motivation behind turning down the cash was not irrelevant. He certainly does not need the extra cash, but I'm sure he could find some use for it. I'm simply speculating that it may not be the selfless act it appears to be. If you make all your money from capital gains, you're taxed at an extremely low rate, but if you have significant income the capital gains rate goes up (to a paltry 15%, but still).

Google it, it will help you figure out why most of us who get up in the morning to go to work pay more than twice as much as people who do nothing (I'm obviously not talking about Tim Cook here)

 

Are you envious of people on welfare? In that case, why don't you just 'stay home and do nothing', since they obviously have it so good? Do you not think that maybe those people who don't have it as well as you, probably through conditions by not fault of their own, who make extremely little or not enough to fully support themselves, deserve a bit of a break, so just maybe they CAN get themselves in a better position? Are you really enraged that someone who maybe makes 1/10th of your income pays half your taxes? Can you guarantee me that your success is 100% from your merits, and if you were born in some shitty ghetto to broke/abusive parents you'd be in the exact same position you are now, and would have had exactly the same chances in life as you did?  

 

I have friends who didn't work a day in their lives before getting into med school and becoming doctors, because their parents supported them financially 100%. I have others who inhereted their dads companies. These same people spit on others who are in a worse position than themselves, who had no choice but to work multiple minimum-wage simultaneous jobs their entire lives to support themselves and their families,  because they didnt have the same luck in birth and financial luxuries, and thus could not afford to pay for university, etc. These friends then moan that they pay more taxes and these people are getting 'handouts'. I want to tell them the only reason they DID get to where they are in life is because they were lucky enough to have everything fucking handed to them by their parents their entire lives, including not needing to pay for their tuitions, cars, rent, etc as well as getting as much spending money as they desired. They're disconnected and hubristic enough to believe everyone had the same chances they did- and so are you, apparently. 

 

I swear some of you don't seem to have a lick of humanity with your crass comments, nor a shred of perspective. 


Edited by Slurpy - 5/24/12 at 8:20pm
post #30 of 64
Quote:
Originally Posted by libertyforall View Post

The IRS and tax code is one of the biggest scams there is!  

 

http://freedomtofascism.com  -- this documentary movie will start explaining...

 

http://www.paynoincometax.com/pdf/federal_mafia.pdf -- This book will finish explaining it.  

 

Really? From the 30 second documentary trailer, I found out that the US is like Nazi Germany because of ID cards (which apparently happened in 2008), and that the gvt is planning to plant electronic chips into me to track me. 

 

Try to get your knowledge from more intelligent, reasonable, and respectable sources instead of this blatantly sensationalist, false, foaming at the mouth, tin-foil hat drivel. 

post #31 of 64
Quote:
Originally Posted by LordJohnWhorfin View Post

Just wanted to point out that discussing the motivation behind turning down the cash was not irrelevant. He certainly does not need the extra cash, but I'm sure he could find some use for it. I'm simply speculating that it may not be the selfless act it appears to be. If you make all your money from capital gains, you're taxed at an extremely low rate, but if you have significant income the capital gains rate goes up (to a paltry 15%, but still).

Google it, it will help you figure out why most of us who get up in the morning to go to work pay more than twice as much as people who do nothing (I'm obviously not talking about Tim Cook here)

 

 

Why don't you Google the Tax system and ensure you are factual correct before starting this type of discussion. Speculating, yes, you said it, speculating without substance!
post #32 of 64
Quote:
Originally Posted by Dick Applebaum View Post


+++++ QFT
One of the best posts I've read in a long while...
Tim Cook is making a statement -- there are things more important than money... It's called leadership, setting an example, dedicating yourself...
It is like Mike Markkula coming out of retirement to give birth to Apple...
Or Steve taking a salary of $0.99 per year after his return to Apple as CEO.
And like Mike and Steve, in the end, Tim, and Apple, will reap the benefits many times over by the example he sets.

Well you have to understand what motivated Steve. He was not interested in money (he had plenty already). He was devoted 100% to building Apple. It was his creation. His legacy. The fact that Tim Cook turned down this money leads me to believe that maybe he is starting to think the same way.

post #33 of 64
Quote:
Originally Posted by macinthe408 View Post

This must mean that the new iPhone will have a 5-inch screen. 
My sources tell me it is proof Apple is making a tv.

A non tech's thoughts on Apple stuff 

(She's family so I'm a little biased)

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A non tech's thoughts on Apple stuff 

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post #34 of 64
Quote:
Originally Posted by Slurpy View Post

'. I want to tell them the only reason they DID get to where they are in life is because they were lucky enough to have everything fucking handed to them by their parents their entire lives, including not needing to pay for their tuitions, cars, rent, etc as well as getting as much spending money as they desired.

People who spent a good 25 years getting no condition handouts from their parents shouldn't be talking smack about those that are getting Gov't handouts (that often come with limits, job training requirements etc)

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post #35 of 64

This blog has gone to dumps! I took the post as something "positive". Here is a CEO who is passing up on approximately $75M so it can get a better use out of it. This is so unlike some CEO on WallStreet wjho are getting bonuses they don't even deserve. Tim has some "class"

post #36 of 64

Quote:
Originally Posted by LordJohnWhorfin View Post

Just wanted to point out that discussing the motivation behind turning down the cash was not irrelevant. He certainly does not need the extra cash, but I'm sure he could find some use for it. I'm simply speculating that it may not be the selfless act it appears to be. If you make all your money from capital gains, you're taxed at an extremely low rate, but if you have significant income the capital gains rate goes up (to a paltry 15%, but still).

Google it, it will help you figure out why most of us who get up in the morning to go to work pay more than twice as much as people who do nothing (I'm obviously not talking about Tim Cook here)

 

Quote:
Originally Posted by Slurpy View Post

 

Are you envious of people on welfare? In that case, why don't you just 'stay home and do nothing', since they obviously have it so good? Do you not think that maybe those people who don't have it as well as you, probably through conditions by not fault of their own, who make extremely little or not enough to fully support themselves, deserve a bit of a break, so just maybe they CAN get themselves in a better position? Are you really enraged that someone who maybe makes 1/10th of your income pays half your taxes? Can you guarantee me that your success is 100% from your merits, and if you were born in some shitty ghetto to broke/abusive parents you'd be in the exact same position you are now, and would have had exactly the same chances in life as you did?  

 

I have friends who didn't work a day in their lives before getting into med school and becoming doctors, because their parents supported them financially 100%. I have others who inhereted their dads companies. These same people spit on others who are in a worse position than themselves, who had no choice but to work multiple minimum-wage simultaneous jobs their entire lives to support themselves and their families,  because they didnt have the same luck in birth and financial luxuries, and thus could not afford to pay for university, etc. These friends then moan that they pay more taxes and these people are getting 'handouts'. I want to tell them the only reason they DID get to where they are in life is because they were lucky enough to have everything fucking handed to them by their parents their entire lives, including not needing to pay for their tuitions, cars, rent, etc as well as getting as much spending money as they desired. They're disconnected and hubristic enough to believe everyone had the same chances they did- and so are you, apparently. 

 

I swear some of you don't seem to have a lick of humanity with your crass comments, nor a shred of perspective. 

 

I'm pretty sure he was talking about people that make all their money from investments and not those on Welfare, lol.

post #37 of 64
Quote:
Originally Posted by charlituna View Post


People who spent a good 25 years getting no condition handouts from their parents shouldn't be talking smack about those that are getting Gov't handouts (that often come with limits, job training requirements etc)

 

My point precisely. And I find that the biggest critics of 'handouts' lived exactly this kind of life, being born into wealth or at least had substantial financial assistance before attaining financial independance, which makes it all the more despicable and hypocritical. They got more 'handouts' than people getting gvt assistance will ever hope to get. 

 

Whats more despicable is that they try to push this narrative (like the previous poster) that these people that 'do nothing' (ie. unemployed) somehow have it made, are living it up, and are to be envied, content in their situation and just accepting 'handouts;. I know a few unemployed people, and every single one of them is working their asses off trying to find employment. Not only that, but being unemployed causes depression, depletes the self-confidence, and promotes a bunch of other negative psychological issues which is often internal torment and hell. Yet, LordJohn would have you believe these are the people to be envied, as they 'don't have to work'. A sick mentality which shows an utter lack of humanity and disconnection with the real world and the real facts of unemployment and lower income. 

post #38 of 64

Reality check this is appleinsider.com not rommey lies or obama lies or politicians lies...please

 

 

SAMSUNG DOES LIE.....A LOT.

post #39 of 64

$75m is a lot of money even for him. Wot an idiot.

post #40 of 64

Fortune has a really good (and lengthy) article on Tim Cook and the direction he's taking Apple. A nice read and worth the time.

http://tech.fortune.cnn.com/2012/05/24/apple-tim-cook-ceo/

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AppleInsider › Forums › Investors › AAPL Investors › Apple CEO Tim Cook declines RSU dividends worth over $75M