Apple executives' decision to rename Lake Ontario "Lake America" on its Maps app is setting off a firestorm inside the tech giant, with employees furious that leadership caved to President Donald Trump out of fear of his wrath, according to a new report.Employees are furious that the company is roll...
Pretty sure a lot of of these Apple employees own stock in the company. Perhaps they should remember to cast their vote when it comes time for board elections.
I can guarantee they do. They give stock options to every employee after a few years, including retail employees.
Unfortunately, as you can imagine, it is so little stock that it is effectively meaningless as far as having any sway over the direction of the company.
A protest vote is never meaningless. Sure, they probably don’t own enough stock to kick these people out — but that rising number on the vote tally sends an interesting message.
There was a time when smart people at Apple went off to form new ventures and bring talent with them — companies like Nest and General Magic for example. You don’t see much of that anymore. I do wonder if missteps like this will inspire employees to do this sort of thing again.
Yeah, it sends the message “We should give them fewer stocks and options.”
Wouldn’t it be a more interesting message for them to all sell their stock at the same time?
Options, or grants?
Probably grants, and even when exercised they almost certainly don’t come with voting rights.
No, RSUs are just regular stocks once they vest.
I’m willing to bet they aren’t that mad.