Home Apple Apple: Tim Cook could receive nearly $50 million in rewards if the...

Apple: Tim Cook could receive nearly $50 million in rewards if the company meets all financial goals

0

According to Bloomberg, Apple’s CEO could be rewarded with nearly $50 million (currently about 348 million RMB) if the company achieves all the financial goals set for the fiscal year, according to a new decision reached a recent shareholders meeting.

The $50 million reward includes a basic salary of $3 million (currently about 20.91 million RMB), a cash award of $6 million (currently about 41.82 million RMB) and a salary worth about 40 million RMB. million (currently about 279 million RMB) in stock awards. Cook gets $99 million in 2022, though his pay in 2023 will be $49 million, a 40% drop. His salary will be closely tied to the overall performance of the company.

Bloomberg reported that shareholders have approved a new proposal that would allow an annual vote to determine executive pay. Including Apple’s chief operating officer Jeff Williams (Jeff Williams), general counsel Katherine Adams (Katherine Adams), retail chief Deirdre O’Brien (Deirdre O’Brien), services chief Eddie Apple executives, including Eddy Cue, software chief Craig Federighi, and CFO Luca Maestri, will make an average of $2,700 in 2023. million US dollars (currently about 188 million RMB).

Exit mobile version