![]() ![]() On behalf of the Executive Team, I’d like to thank you for your many contributions to Apple. Along with our many progressive benefit plans, this is another way for us to say thanks. Please check HRWeb for details on this new program.Īt Apple, our most important resource - our soul - is our people. This is an unusual step, and very special - just like our team. This new program extends eligibility to everyone not covered by other RSU programs, effectively making everyone who works at Apple eligible for an RSU grant. It’s designed to reach employees who were not previously eligible, including many in our amazing retail and AppleCare teams. This year, I’m excited to let you know that the Executive Team has created a new program for stock ownership through RSU grants. Each grant is approved by the Board of Directors. Each year, the management team recommends eligible employees - typically from our product areas - to receive RSUs as an incentive to continue their important contributions to Apple. In addition to the ESPP, employees in certain roles have been eligible to receive restricted stock units. Many of you have taken advantage of this program, and I am told we have one of the highest participation rates of any company offering employee stock purchase plans. I’m writing you today to announce a new stock ownership program for employees.įor many years, we have offered people across the company the opportunity to become shareholders in Apple by participating in the Employee Stock Purchase Plan (ESPP), which makes Apple stock available at a discount that’s exclusive to our employees. According to an email from Cook to all employees today, a similar plan, with obviously much smaller amounts of shares, is now starting: For example, Apple CEO Tim Cook was granted 1 million shares in 2011, following the succession of Steve Jobs, that will vest over time through 2021. ![]() The Mac Pro in particular is a sore point, since it's being sold with its original specs and its price hasn't change since it launched three years ago.Apple today announced a significant new initiative internally for employees that “effectively everyone who works for Apple eligible for an RSU grant.” RSU grants, or Restricted Stock Units, have typically been reserved for top Apple management and product engineering roles as a way to retain employee talent for long periods of time. The Mac Mini and Mac Pro, on the other hand, are both using chips that are two or three generations old. The iMac is already using the newest available processors, despite its age. Some of these delayed refreshes can be blamed on Intel, whose CPUs' rate of improvement has slowed significantly in the last three years. If there’s any doubt about that with our teams, let me be very clear: we have great desktops in our roadmap. Some folks in the media have raised the question about whether we’re committed to desktops. The current generation iMac is the best desktop we have ever made, and its beautiful Retina 5K display is the best desktop display in the world. So there are many different reasons why desktops are really important, and in some cases critical, to people. It’s unique compared to the notebook because you can pack a lot more performance in a desktop-the largest screens, the most memory and storage, a greater variety of I/O, and fastest performance. He did so to quell skepticism in the media and possibly among Apple's own staff. In an internal memo obtained by TechCrunch, Apple CEO Tim Cook briefly addressed the importance of Mac desktops in the lineup. The iMac was last refreshed in October 2015, the Mac Mini was last refreshed in October 2013, and the Mac Pro dates back to December 2013. Further Reading Review: Touch Bar MacBook Pros give an expensive glimpse at the Mac’s futureĪlthough Apple released new MacBooks and redesigned MacBook Pros this year, one area of the Mac lineup could still use some attention: the desktop. ![]()
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