The CFO of Apple Manages $230 BILLION with 7 People (Luca Maestri) #shorts #apple #motivation
About Luca Maestri
Luca Maestri, Apple's Senior Vice President of Corporate Services, has discussed the company's operational philosophy and values in several public appearances. In a 2017 conversation at the Consulate General of Italy in New York, Maestri described Apple as "the representation of pursuing perfection and excellence in everything that we do," adding that the company is "a hybrid of working for an army because it's truly an incredible execution machine." He stated that Apple makes decisions "that have nothing to do with the financial return," citing investments in renewable energy as an example of doing "what is right and not necessarily what is convenient." Maestri also emphasized the importance of the company's integrated platform of hardware, software, and services, and noted that Apple's investment in Naples aims to create a "vibrant developer community in Italy." In a separate 2017 appearance, Maestri highlighted Apple's lean financial operations, stating that the company runs its finances "with about half the size of some of the companies that I worked for before, which were a tenth the size of Apple." He noted that a team of seven manages $230 billion of cash, and that he tells his finance team not to benchmark others "because you can only get bad ideas." In a 2019 event with the Osservatorio Permanente Giovani-Editori in Italy, Maestri spoke about the importance of young people to Apple, noting that the company's average age is low and that "the vast majority of people are young people between 20 and 30 years old." He encouraged young people to identify their talents and build their passions, stating that "good work is work that is fun and teaches."