Apple CEO Tim Cook's compensation dropped 26 percent to slightly under $11.6 million for the 2019 fiscal year
Apple CEO Tim Cook's compensation dropped 26 percent to slightly under $11.6 million for the 2019 fiscal year.
The executive, who has run Apple since his promotion in 2011, had the same base salary, $3 million, as in 2018 but his non-equity incentive pay dropped from $12 million in 2018 when he received 200 percent of his target payout, compared with $7.7 million in 2019 when he and other executives received 128 percent of the target bonus.
"In 2019, Apple’s performance exceeded the target performance goals for both net sales and operating income, resulting in a total payout of 128 percent of the target payout opportunity for each named executive officer," Apple wrote in the filing disclosing executive compensation. The company's stock grew by more than 88 percent in 2019.
Cook also received $884,000 in other compensation for 2019, including $457,000 in security services and $315,000 in the use of a private plane. CFO Luca Maestri, general counsel Kate Adams and COO Jeff Williams all had 2019 pay of around $25.2 million. Angela Ahrendts, who was senior vp retail until April 2019, made a total of $22.3 million due largely to stock awards. Deirdre O'Brien, who in February was promoted to assume Ahrendts' duties as senior vp retail and people, had a total pay of $19.2 million.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tim Cook donated $2 million in Apple shares to an unnamed charityCook has made similarly large donations in the past, in August 2018 he donated almost $5 million to an unnamed charity.
Leer más »
Former HBO CEO responsible for 'Game of Thrones' signs Apple deal - Business InsiderRichard Plepler, who left HBO after it was bought by AT&T, will produce original series, feature films, and documentaries for Apple TV Plus.
Leer más »
12 Pro Techniques Every Serious Home Cook Should KnowWe asked some of our favorite chefs for 12 essential techniques, plus advice on fearlessly frying, flipping, seasoning, and more.
Leer más »
All 30 Dow stocks rising premarket; Apple on track to open at record highThe Dow Jones Industrial Average is set for a unanimously bullish start to the new year and decade, as all 30 of the Dow's components were gaining ground in...
Leer más »
Apple revives relationship with Imagination Technologies, the UK chip designer it ditched in 2017Imagination Technologies announced a new license agreement with Apple that will grant the company access to its intellectual property.
Leer más »