A near-panic has taken hold among some core conservative activists, who are now scrambling to devise a strategy to deny Mitt Romney the Republican presidential nomination.
Many of these activists see South Carolina’s primary on Jan. 21 as their last best hope of stopping Romney by consolidating in a united front against him. But many acknowledge that they have yet to figure out which of the remaining conservative rivals to rally behind and which should get out.
You’ve probably seen those headlines about Tim Cook making $378 million in Apple stock last year. Those articles are mostly a bit confused. He was awarded restricted stock, to vest over the next 10 years. Apple is just reporting the whole grant to the SEC in the year it was made.
OK, that seems a bit more reasonable than a $378 million payday, right?
Well, let’s do a thought experiment to see how much Cook actually might make with those 900,000 shares he will receive if he doesn’t get fired or leave before then.
I’m sure Apple’s Board would be happy if Cook kept Apple growing as much as it has the last 10 years. That seems like a good benchmark.
From Fall of 2001 to Fall of 2011), Apple stock increased from about $9 to $378, or 42x.
If Cook is successful and the stock tracks along, then in the Fall of 2021 his stock price will be 42 * $378, and Cook was not given options (where you only make money if the stock goes up) but actual stock, so he makes the full value, or 42 * $378 * 900k.
Per year Cook would make 1.4 billion dollars.
(He only has to do roughly 1/4th as well as the past 10 years to make roughly $378 million per year.)
This is why it’s OK to ignore CES. Most of the product announcements (the majority in this case) lead nowhere, and if some product is really important, you’ll hear about it via some other avenue.
Asus Eee Pad Transformer: This tablet came out in the spring of 2011, though production was quite limited. By summer, it was supposedly shipping 400,000 units a month during the summer and has shipped a total of 1.8 million units. It got an upgrade for the holiday season that Engadget crowned the best Android tablet. All in all, this was probably the most important tablet on display at CES 2011 — and, well, it’s no iPad. In 2012, Asus hopes to ship 3 to 6 million tablets total. (That’s about how many iPads Apple sells every month and a half.)
Asus Eee EP121: This is a large 12″ tablet with a pricetag of around $1,000. There’s no telling how many units have been sold since its launch in early 2011, but it’s not nearly as hot an item as the Transformer.
Coby Kyrus: This low-end tablet went on sale in 2011. The company has said nothing about it aside from plugging them as “top-selling.”
Cydle M7 Multipad: Apparently, the Cydle went on sale, and you can buy one from Amazon, but few people appear to have ever seen one outside a CES conference hall.
Dell Streak 7: The 7″ Dell Streak was announced at CES in January 2011. It was discontinued in December 2011 after a rough year of reviews and lackluster sales.
Lenovo Ideapad U1 Hybrid: This gadget first debuted at CES 2010 and then made another appearance at CES 2011. Still can’t buy one.
Lenovo LePad Slate: Though Lenovo has put out a tablet, the LePad Slate never showed up.
MiNew M-Pad: All the coverage of this tablet appeared out of CES 2011. No one’s heard about it since.
Motorola XOOM: The XOOM was one of the big announcements from last year. A real iPad competitor! But then the XOOM failed to sell well, shipping 250,000 units in the first quarter it was available, but selling less. The next quarter saw a price cut and slightly better sales, but it’s no longer considered much competition for Cupertino’s tablet.
Naxa NID-7001: This relatively unknown company showed and launched the Naxa in 2011. It’s a low-end 7″ machine that you can buy online in 4 and 8 GB versions.
Netronics Tablet: A Netronics tablet showed up at CES in 2011, and hasn’t really been seen since.
OpenPeak Tablet 10: This gadget, which was supposed to be the big brother of the OpenPeak Tablet 7,debuted at CES 2011. Nothing appears to have happened with the tablet since.
Panasonic VIERA Tablet: Ah yes, another tablet that appeared to considerable hype at CES 2011 and then disappeared.
RIM Playbook: The Playbook was played up at least year’s CES, too, and it came out of the gates strong, selling 500,000 units in its first three months. Then, sales faltered, and by the end of the year, RIM had taken a $485 million charge on its tablet business and was fireselling its devices.
Samsung TX100: Samsung showed off the TX100 at CES and it appeared ready to launch in May. But then it slipped into the deep tablet abyss, ne’er to be seen again.
Samsung Sliding PC 7: This didn’t exactly come out, but Samsung did come out with a product called the Samsung Series 7 Slate that could be considered a replacement and that some think is a nice device.
Viliv X70: This gadget made an appearance at CES and then … Well, it’s unclear what happened to it after that.
After all, when was the last time the president appeared at a podium at the Environmental Protection Agency to announce a 10-year plan for a “leaner, meaner” approach to the environment, or at the Education Department to outline the next decade of blue-skies thinking (and spending) for giving our children a leg-up in a competitive world? Or how about at a State Department podium to describe future planning for a more peaceable planet more peaceably attained? Unfortunately, you can’t remember such moments and neither can America’s reporters, because they just aren’t part of Washington life. And strangest of all, no one finds this the tiniest bit odd or worth commenting on.
Over the last decade, this country has been so strikingly militarized that no one can imagine 10 years of serious government planning or investment not connected to the military or the national security state. It’s a dangerous world out there — so we’re regularly told by officials who don’t mention that no military is built to handle the scariest things around. War and the sinews of war are now our business and the U.S. military is our go-to outfit of choice for anything from humanitarian action to diplomacy (even though that same military can’t do the one thing it’s theoretically built to do: win a modern war). And if you don’t believe me that the militarization of this country is a process far gone, check out the last pages of Secretary of State Hillary Clinton’s recent piece, “America’s Pacific Century,” in Foreign Policy magazine. Then close your eyes and tell me that it wasn’t written by a secretary of defense, rather than a secretary of state — right down to the details about the “littoral combat ships” we’re planning to deploy to Singapore and the “greater American military presence” in Australia.
The controversial exclusion of women from various settings in Israel because of pressure from ultra-Orthodox Jewish leaders reached a new level this week with a major conference on gynecological advances that is permitting only males to address the audience.
Nobody knows their way around a vagina like an ultra-orthodox jew in the middle east.
Intel Ivy Bridge graphics are still so broken that company executives have to lie about it to the assembled press.