Apple Announced 500 New Jobs In Ireland

Apple is to hire 500 people in Ireland.

The U.S. consumer electronics giant will increase the headcount at its European headquarters in the southern city of Cork over the next 18 months from 2,800 at present, a spokesman for the company said.

He said the jobs would "support our growing business across Europe," but he did not say what kind of jobs would be created. The Cork operation provides distribution, supply chain management and back office functions.

Bailed out by the EU/IMF in late 2010 and midway through a punishing eight-year austerity drive, Ireland has an unemployment rate of 14.3 percent, its highest since 1993 and more than three times the level of 2007.

While workers are still being laid off as consumer spending continues to shrink, Dublin has succeeded in attracting Google and Facebook thanks to its low corporate tax rates and educated, English-speaking workforce within the eurozone.

Generics drug maker Mylan on Wednesday announced it would hire 500 people in Ireland.

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google Ex-CEO'S Salary Rises from $1 Min To $1.25 Min

Schmidt's total compensation last year swelled to $101 million thanks to a previously announced equity award granted when he ended a 10-year stint in the top job at Google, according to a filing with the U.S. Securities and Exchange Commission on Friday.

Schmidt ranked as the most highly compensated Google executive in 2011 by a longshot, earning more than four times the compensation of Google's next highest-paid executive.

Google co-founder Larry Page, who took the CEO reins from Schmidt, and co-founder Sergey Brin each received a $1 base salary in 2011, the same salary they have received every year since 2004. Including holiday bonuses, the two co-founders each received a total compensation of $1,786 in 2011.As part of Schmidt's move to his new executive chairman role last year, Google said that it was giving him a $100 million equity award comprised of stock and stock options. The fair equity value of the award was actually $93.8 million at the time it was awarded, according to the proxy statement.

The award vests over a four year period, but Google reported the award in the year in which it was granted.His compensation includes the base salary, a bonus and other benefits.Schmidt helped transform Google into the world's largest search engine, generating roughly $38 billion in revenue last year.

Google's Chief Business Officer Nikesh Arora was the second highest-paid executive at Google in 2011, with a total compensation of $23.2 million, up from $22.6 million the year before.

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