Previously, he worked for General Motors Motor Company, then the famous Nokia-Siemens Corporation, and then at Xerox, then moved to Apple. Although his annual salary is only $ 1 million, he gets bonuses 25 times that number for his efforts and because he efficiently manages Apple's wealth and accounts. It's Luca Maestre, Apple's CFO.

[10] Geniuses who made Apple: Luca Maestre

Luca Maestre, an Italian national, was born in Rome in 1963, studied economics in Italy, then traveled to America and obtained a master's degree in management sciences from Boston University. And began to move between a number of international companies and his start was with General Motors GM, where he worked in the team responsible for establishing the operations and management sector for the company in the Asia-Pacific region, where they were responsible for financial management and linking factories in China and Thailand with the rest of the countries - financially and accounts and not shipping goods -. Then he became the CFO and responsible for all the operations of the auto giant in all 45 European countries in which the company had sectors, meaning he was responsible for $ 40 billion in revenues.

GM

After 20 years working in the auto giant, Luca moved to the famous Nokia-Siemens company in the field of communications and also became the company's chief financial officer in general, then moved to Xerox and held the same position. In 2013, Luca joined Apple to be an assistant to Peter Oppenheimer, the genius who financially led Apple in the renaissance contract (launching the iPod, then the iPhone, iPad, and others). In March 2014, Peter revealed his transfer to become the director of the giant Goldman Sachs Corporation (a bank and financial institution founded in 1869 and managing more than $ 860 billion), and within 6 months the transfer process ended and Oka became Apple's chief financial officer.

Luca Maestri

In his position as CFO, Luca is responsible for:

  1. Apple's taxation and processing its papers. As we know Apple is one of the most tax-deceptive companies in the world, Congress has tried to condemn it for years, to no avail.
  2. Responsible for the negotiations for the financial acquisition of the company - determining the value of the company and not how to benefit from it.
  3. Funds flowing from Apple distributors around the world.
  4. Supplying funds to tens and hundreds of factories that the company deals with.
  5. Manage Apple's assets and determine investments or dividends and dividends.
  6. Managing the financial relationships of Apple investors and providing them with help to continue pumping their money, as happened with Warren Buffett and even Donald Trump, the US presidential candidate, invests in Apple.

Money

A company like Apple achieved $ 233 billion in revenue in 2015, and to imagine the magnitude of this number, it is enough to know that it equals every spending item in the largest Arab country’s budget, Saudi Arabia, for the entire year 2016 and is also equal to twice the expected oil revenues for the Kingdom in about the same year. This delicate position and Luka's management proficiency is reflected in the profits. Despite his basic salary of $ 1 million, he earned $ 14 million in profits in 2014, and the number jumped to $ 25.33 million in 2015, becoming the highest increase among Apple employees and the second highest income after the store manager.

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What have you heard about Luca Maestre? Do you see that he is managing Apple money professionally that makes him second in income?

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