Amelio is a tfd (total fucking disgrace).
Gil gets a year to turn things around, fair enough. He immediately lays off (sorry, rightsizes) thousands of people, but that's fair too as the company is in deep shit.
This is where we get into a bunch of tfd's. Gil's bonus formula is based on Q4 only so what happens? AAPL takes a one time inventory adjustment in, you guessed it, Q4 and shows a pathetic little profit, but it's enough to get this asshole his big fat bonuses. Q1 comes along and guess what? Huge losses again, to the surprise of many. THE GUY COOKED THE BOOKS AND GETS AWAY WITH IT.
Next up, meeting with shareholders. Says the company must all pull together, we're a family, yada yada yada. So he announces more layoffs. Says no more bonuses for execs until things get better (another inventory adjustment?).
In summary, AAPL going tits up, thousands of families in ruins, cooked books and huge paychecks for execs.
WELCOME TO THE (NEW) AMERICAN DREAM
If I worked for AAPL, you couldn't get me outta there fast enough.
If I was an AAPL shareholder, I'd sell my shares faster that Amelio rips off the company (that's fast!).
And yes, I just finished reading Michael Moore's book Downsize This.
Sorry if I pissed anyone off with my language and attitude, but Gil Amelio (and other suits like him) really piss me off!
Just my view from The Great White North.
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