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Dodgy rumor has Jonathan Ive pushing to move to the UK

updated 06:30 pm EST, Sun February 27, 2011

Jonathan Ive rumored to cash out in UK move

A rumor [sub. required] on Sunday from the Times of London has purported that Apple lead designer Jonathan Ive was considering a move to the UK that may force him to exit Apple. The well-known product sculptor was said eager to educate his children in his home country and would exercise his stock options to help make the move. Having received stock options in 2008 at about $100 per share, he would convert them to the equivalent of $30 million, the newspaper claimed.

The same 2008 deal is believed to have increasingly been a point of conflict for Ive and Apple. Although common for executive compensation, the share option deal was likened to a form of "golden handcuffs" that kept Ive tied to Apple's US headquarters to get his full benefits. The two parties have been at "loggerheads" trying to negotiate a deal, the rumor sources asserted.

Ive is believed to still be willing to stay with Apple and even to have offered to work remotely, but Apple supposedly considers his local presence important enough that it told him in "no uncertain terms" that he would lose his job if he moved.

Apple dismissed the story as "speculation."

The story has been called into question given Ive's importance to Apple. The designer has been at Apple since 1992 and was virtually hand-picked by CEO Steve Jobs upon his return to Apple to revitalize the company's at the time generic computer hardware. His design for the original iMac is widely credited for saving Apple, and he also helped shape the iPod, iBook, iPad and all Macs since. Losing Ive might force Apple to change its design aesthetic and could affect its clout in computers.



By Electronista Staff
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Comments

  1. Pixelsmack

    Fresh-Faced Recruit

    Joined: Oct 2010

    -9

    To lose Jobs and Ives, disaster for Apple.

    Losing either would hurt, Jobs more so, but BOTH. An end of an era just as it truly began to soar.

    Comment buried. Show
  1. ilovestevejobs

    Fresh-Faced Recruit

    Joined: Feb 2007

    -86

    They're just leaving L, R and C

    Sounds like a death knell for Apple. Ol Stevie Blowjobs probably hooked up to some machine and the lead designer considering a move whether Apple likes it or not.

    Good stuff!!

  1. hulksmash

    Fresh-Faced Recruit

    Joined: Sep 2004

    +10

    Highly doubt...

    that he would have to quit working for the company just because he wants to move back home. They do have internet access in England right? I would think with ichat, email and the upcoming "cloud" services Mr. Ives could work from anywhere he wants.

  1. SierraDragon

    Mac Elite

    Joined: Mar 2004

    +16

    Get over it

    Jobs, Woz, Ives, Cook and others have been important contributors to Apple's success. However no human should be expected to maintain an identical role forever - or even stay with one firm. That is why companies have succession plans and depth of management.

    The world goes on.

  1. MyRightEye

    Fresh-Faced Recruit

    Joined: Apr 2008

    +28

    Why has ilovestevejobs

    still got a working login for MacNN?

    People that speak like that need to banned.

  1. nat

    Junior Member

    Joined: Mar 2002

    +16

    to igiveblowjobs

    seriously? cancer is something to make light of to you? your dislike of a COMPANY goes so far as to make light of cancer patients? hooked up to some machine?

    yours is a sad life. know this. were you standing in front of me, toe to toe, you'd wet yourself before those words ever left your mouth.


  1. chas_m

    Joined:

    +5

    Nah

    First of all, it's a report in the English Press. That alone should be enough to cast doubt.

    Second, nobody who's rich moves TO England! They move AWAY from it.

    Third, people send their kids to boarding school all the time.

    Fourth, and I hate to say this, but England just isn't the England it used to be. Tony Blair broke that country pretty good and Brown did nothing to fix it, and now Cameron is just making things worse.

    Fifth, Ive might leave Apple when Jobs actually dies, but not before. So I don't see him going anywhere for a long while (hopefully).

    Sixth, the Times apparently doesn't know about FaceTime. Or, for that matter, about Bertrand Serlet, who lives in Paris and works mostly remotely. If a technology company like Apple can't cope with telecommuting at least part of the year, who can?

    In short, I call shenanigans.

  1. thinkman

    Fresh-Faced Recruit

    Joined: Jan 2005

    +4

    Ives is crucial

    This is just the sort of (likely) baseless rumor that is eventually picked up by the incredulous "credible" media - and Apple stock takes another nose dive. Always seems to come back when people's head get screwed back on, but these people would rather panic on a rumor than wait for some real information.

  1. facebook_Justin

    Via Facebook

    Joined: Feb 2011

    -6

    comment title

    I hear this man knows how to D-SIGN!

  1. Fast iBook

    Fresh-Faced Recruit

    Joined: Mar 2003

    +2

    BS.

    Wake me if there's a real iceberg.

    - A

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