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Being a tax ninja pays off at Apple. Its chief financial officer, Peter Oppenheimer, who has helped the company sidestep billions of dollars in taxes, was the highest paid chief financial officer of 2012, according to data compiled by Bloomberg News.
Mr. Oppenheimer was awarded a $68.6 million package, much higher than the $4.17 million that went to Tim Cook, Apple’s chief executive, says Bloomberg. Oracle’s financial chief, Safra Catz, was the second highest paid with $51.7 million; Google’s Patrick Pichette was third with $38.7 million.
Of course, all corporations do their best to minimize taxes. Apple’s Mr. Oppenheimer has done an exceptional job managing the company’s cash, finding legal ways to side step billions of dollars in taxes, allocating about 70 percent of its profits overseas, where tax rates are often much lower.
Last month, Apple’s Mr. Oppenheimer raised a bond deal of $17 billion to fund a $100 billion payout to shareholders. By borrowing money, or issuing debt, Apple avoided $9.2 billion in United States taxes.
This article has been revised to reflect the following correction:
Correction: October 31, 2012
An earlier version of this article misstated the name of the organization whose Risks Forum newsgroup is edited by Peter G. Neumann. It is the Association for Computing Machinery, not the Association of Computing Machinery.
When Lil Wayne spoke his mind about Peter Rosenberg‘s beef with Nicki Minaj, Peter just fought back.
Peter even explained how the “F” in “Weezy F. Baby” doesn’t stand for feminist. In a recent interview Lil Wayne explained that he pulled Nicki Minaj out last minute was because people need to respect women.
Peter Rosenberg, Hot 97's DJ, insulted Minaj by stating that her hit single “Starship” as “bullshit,” quickly Wayne takes action and removes Minaj from Summer Jam and didn’t perform.
Peter spoke about Lil Wayne’s comments on the radio by stating, “Lil Wayne thinks that I don’t show respect for women. Wayne is right about something—Women are mothers, are sisters, are daughters. But I have a question. Is me giving my opinion that one song is wack, is that showing a lack of respect for women?”
To make it more clear to Wayne and to express how Peter felt he played Lil Wayne’s single “6 Foot, 7 Foot” and stated on the track where Wayne says “hoes gon’ be hoes.” He even questioned Nicki by playing her single “Stupid Hoe” and said “You want respect for women yet you can’t sing a good song.”
Peter Rosenberg even suggested that Young Money should come and speak to him in person rather than hiding behind reporters. “Instead of talking to everyone else about Hot 97, how about…Young Money just come on down and come see us and talk to us? Oh, that’s because then they’d have to hear the truth. And they can’t handle the truth.”
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