"Apple Aggressively Recruiting Ex-Google Maps Staff..."
^These are contradictory statements
"Apple Aggressively Recruiting Ex-Google Maps Staff..."
^These are contradictory statements
(I'm a Google engineer who works on maps/local, but this is purely my own personal speculation based on the article.)
Bonus value based on the case of a few years ago, run of the mill employees getting $500k and up signing bonuses, plus generous options, to leave Google for pre-IPO Facebook. That's run of the mill guys, not guys with the specific talent you need working for the ONLY company that has completely solved the problem. For that person you need more, not less. Salary is based on current salaries for this level of extremely specialized expertise.
There are fewer than 10 people worldwide Apple can hire with the skills they need to organize this right. All the guys they acquired from three poorly known companies that were unable to solve these problems well enough to compete with Google are irrelevant since by definition those guys don't have the skills needed. It's not a buyer's market in any way shape or form.
That's an interesting number. I'm why you chose "10" instead of 5, 20, 50, 100 or 1000? There are a lot of smart people out there, who can get things done.
If there were truly only a 100 people world wide that could turn the mapping ship around, then they are worth considerably more than $300K/Year and a "$1mm bonus'. If there were only "10" people in the world who could pull this off, they could command pretty much any compensation they wished - and it would be in the hundreds of millions based on what I've read about the budget for large scale mapping systems ($8B at Nokia)
I'm guessing, that properly incented, there are a couple thousand people that Apple could reach out to who could, in short notice (2-3 years) lead Apple maps to the same quality that Google Maps is today. And such a position would command a salary around $300-$400K/year, with around a $10mm (all in) bonus for successful delivery on that time line. (Presuming that leading such an organization requires skills, experience, and knowledge so rare that there are only 2,000 people on the planet that can do it in 3 years)
The real question is whether Apple really want to invest in maps. Via Philip Elmer Dewit:
""Not doing its own Maps would be a far bigger mistake," says Asymco's Horace Dediu, who addressed the issue at length in last week's Critical Path podcast. "The mistake was not getting involved in maps sooner, which was on Jobs' watch. Nokia saw the writing on the wall five years ago and burned $8 billion to get in front of the problem. The pain Apple feels now is deferred from when they decided to hand over that franchise to Google at the beginning of iPhone.""
Does Apple really want to invest $8 Billion into Maps? Is there really $8 Billion worth of value there?
Put that another away - This person responsible for driving a Multi-Billion dollar project will be only making 3x the lowest paid software engineer at Apple, and they will likely have 500x the responsibilities.
It sounds like you assume:
1) working at apple sucks because they never innovate
2) apple stock never goes up
You might want to check both of those assumptions.
That figure came from what the poster believes to be a more reasonable offer.