https://www.afp.com/en/news/15/ceo-tim-cook-sees-pay-ebb-along-apple-performance-doc-1nf6zl2
CEO Tim Cook sees pay ebb along with Apple performance
AFP/File / Josh Edelson Tim Cook speaks during a product launch at Apple's headquarters in Cupertino, California in September 2019
Apple chief Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year, according to documents filed Friday.
Cook, who took home $15.7 million in 2018, is paid a base salary of $3 million, in addition to a bonus and various compensations.
His 2019 incentive bonus, which is tied to Apple's performance, tallied about $7.7 million, and was calculated based on the fact that Apple exceeded its sales target by only 28 percent.
That compared with $12 million in 2018, based on the company exceeding its sales target by 100 percent, the filing with the Securities and Exchange Commission said.
Cook's 2019 pay was also reported to include another $885,000 worth of benefits, most of which were for security and use of a private jet.
"For security and efficiency reasons, the board requires Mr. Cook to use private aircraft for all business and personal travel," the filing said.
Apart from his salary, Cook also saw more than $113 million worth of Apple shares become vested as part of his long-term compensation as head of the firm, according to the filing.
As iPhone sales have weakened, Apple has been shifting to earnings from digital content and services sold to the legions of fans of its devices.
Apple reported net sales of $260.2 billion and operating income of $63.9 billion for 2019, it said in the filing.
http://www.sohu.com/a/364650394_120176761?spm=smpc.home.it-news11.1.1578122490161qrziPuk
原创 业绩不达标？库克去年年薪下降不少：整个苹果高管薪酬都在降
2020-01-04 09:30
随着网络科技的发达，智能手机贯穿着社会上的每一个地方，尤其是对人们生活上的影响也是非常之大。曾几何时，苹果手机已经不再是市场上的佼佼者，因为其他智能手机的品牌，如华为、三星、Vivo等等一些国产品牌开始崛起。
而苹果的iPhone销量下滑已经是一个公开的秘密了，在今年一季度的时候，苹果不得不使用四连降的方式，以降价来稳定iPhone的销量，但是尽管如此iPhone的销量下滑，也仅仅有所好转。
由此一来市场上的竞争就会越来越激烈，虽然苹果一直以低销量争得绝大部分的市场份额，但是近年来，苹果的销量开始逐渐下滑，今年618狂欢节中Iphone XR价格甚至降到了历史最低。
苹果一直依赖着手机这个产品来获得利润，相比去年到今年，苹果的销量也在不停的下滑，比2018年下跌了近20%，简单来说就是赚少了两千多亿美金。
在已经过去的2019年，对于苹果来说，并不是很容易，iPhone销量下滑，给库克的管理团队带来了极大的压力。据外媒报道，苹果高管在2019年总薪酬均同比下降，其中库克去年的总薪酬达1160万美元（约合人民币超8000万元），2018年为1570万美元。
苹果首席财务官Luca Maestri 2019年全年总薪酬达2520万美元，2018年为2650万美元；首席运营官Jeff Williams 2019年总薪酬达2520万美元，2018年为2650万美元。
此外，在2019年，苹果首席执行官库克的年度薪酬与公司薪酬中值员工比率为201:1。对于苹果这些高管来说，工资可能只是收入的一部分，如果完成了业绩指标后，他们所能得到的将是公司的股票，以目前苹果股价来看，每股超300美元的股价表现，相当不错了。返回搜狐，查看更多
https://www.crn.com/news/applicatio...-s-total-pay-declined-to-11-6-million-in-2019
Apple CEO Tim Cook’s Total Pay Declined To $11.6 Million In 2019
Cook’s salary was still 201 times more than the median pay of Apple employees.
By David Harris January 03, 2020, 05:49 PM EST
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Apple CEO Tim Cook reported $11.6 million in total compensation in 2019 -- 26 percent lower than the prior year -- as company stock has soared, according to the firm’s annual proxy statement released on Friday.
That amount included $3 million in salary as well as $7.7 million in non-equity incentive plan compensation and $884,466 in other compensation that included $457,083 in security expenses (Apple’s board requires that Cook use private aircraft for all business and personal travel).
In 2018, Cook reported $15.7 million in total compensation, which included $12 million in non-equity incentive plan compensation.
Cook’s salary was 201 times as much as the median salary of its employees, which equated to $57,596, according to the filing.
Cook certainly wasn’t the highest-paid Apple executive in 2019, according to the proxy. Apple General Counsel Kate Adams reported total compensation of $25.231 million in 2019, which included $21 million in stock awards, according to the filing.
Cook, 59, has been Apple’s CEO since August 2011 and joined Apple in 1998 as senior vice president, worldwide operations.
In October, Cook touted the improving fortunes of the iPhone. The debut of new iPhone models in September—especially the iPhone 11, which comes with a lower price than its predecessor model—helped to spur better-than-expected results in iPhone revenue during Apple's fourth quarter. The iPhone business generated revenue of $33.36 billion during Apple's fiscal fourth quarter of 2019, ended Sept. 28, the company disclosed at the time.
The Cupertino, Calif.-based tech giant has a good run as of late. Apple’s stock hit an all-time record of $300.35 on Thursday before declining less than 1 percent on Friday as the market as a whole sank. The company, which has a $1.3 trillion market cap, reported revenue of $260.2 billion and operating income of $63.9 billion last year.
https://www.cnbc.com/2020/01/03/apple-ceo-tim-cook-2019-compensation-dropped-from-2018.html
Apple CEO Tim Cook’s total pay dropped last year, but he still took home over $125 million
Published Fri, Jan 3 20207:24 PM ESTUpdated Fri, Jan 3 20207:43 PM EST
Kif Leswing@kifleswing
Key Points
Tim Cook, chief executive officer of Apple Inc., center, speaks while U.S. President Donald Trump, right, listen during an American Workforce Policy Advisory board meeting in the State Dining Room of the White House in Washington, D.C.
Al Drago | Bloomberg | Getty Images
Apple CEO Tim Cook’s total pay decreased last year as the company failed to exceed its financial targets by as much as it did in 2018. But he still pulled in over $125 million in total compensation.
According to an SEC filing on Friday, Cook received $3 million in salary for 2019, the same as a year earlier, while his bonus decreased to $7.67 million from $12 million.
The majority of Cook’s pay came from the vesting of $113.5 million worth of Apple shares. All in, Cook’s salary, bonus and vesting compensation for the year declined by 8% from $136 million in 2018. Since 2011, the year Cook became CEO, his compensation has totaled $963.5 million, according to Equilar.
Apple exceeded its targets of $256.6 billion in net sales and $60.1 billion in operating income for fiscal 2019, but the company didn’t beat the numbers by enough for top executives to maximize their bonuses.
“Annual cash incentives paid out at 128% of target for 2019, down from the maximum 200% of target paid for 2018,” the filing said. In 2017, Apple executives received 155% of their target bonus.
In addition to Cook, Apple Chief Financial Officer Luca Maestri, general counsel Kate Adams, and Chief Operating Officer Jeff Williams all received smaller non-equity bonuses last year, down to $2.6 million from $4 million, according to the filing.
Apple sets its goals annually based on a variety of factors, including the macroeconomic environment, trade conditions and foreign exchange headwinds.
Apple declined to comment beyond the proxy.
Cook also received over $800,000 in other compensation, including a $16,800 contribution to his 401(k) plan and security expenses of $457,082. Apple’s board of directors also requires Cook to fly private, which cost the company $315,311 in 2019.
Apple’s median employee made $57,596, up from $55,426 a year earlier. Not including his 2011 stock grant, which accounts for the majority of Cook’s pay, the CEO’s compensation of $11.6 million last year was 201 times the amount earned by the median Apple employee.
Apple’s stock surged 89% in 2019, its best performance since 2009 and the biggest gainer in the Dow Jones Industrial Average for the year.
Apple shareholders will vote on executive compensation at the company’s annual shareholder meeting on Feb. 26.
CNBC’s Josh Lipton contributed to this report.
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CEO Tim Cook sees pay ebb along with Apple performance
Apple chief Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year, according to documents filed Friday.
Cook, who took home $15.7 million in 2018, is paid a base salary of $3 million, in addition to a bonus and various compensations.
His 2019 incentive bonus, which is tied to Apple's performance, tallied about $7.7 million, and was calculated based on the fact that Apple exceeded its sales target by only 28 percent.
That compared with $12 million in 2018, based on the company exceeding its sales target by 100 percent, the filing with the Securities and Exchange Commission said.
Cook's 2019 pay was also reported to include another $885,000 worth of benefits, most of which were for security and use of a private jet.
"For security and efficiency reasons, the board requires Mr. Cook to use private aircraft for all business and personal travel," the filing said.
Apart from his salary, Cook also saw more than $113 million worth of Apple shares become vested as part of his long-term compensation as head of the firm, according to the filing.
As iPhone sales have weakened, Apple has been shifting to earnings from digital content and services sold to the legions of fans of its devices.
Apple reported net sales of $260.2 billion and operating income of $63.9 billion for 2019, it said in the filing.
http://www.sohu.com/a/364650394_120176761?spm=smpc.home.it-news11.1.1578122490161qrziPuk
原创 业绩不达标？库克去年年薪下降不少：整个苹果高管薪酬都在降
2020-01-04 09:30
随着网络科技的发达，智能手机贯穿着社会上的每一个地方，尤其是对人们生活上的影响也是非常之大。曾几何时，苹果手机已经不再是市场上的佼佼者，因为其他智能手机的品牌，如华为、三星、Vivo等等一些国产品牌开始崛起。
而苹果的iPhone销量下滑已经是一个公开的秘密了，在今年一季度的时候，苹果不得不使用四连降的方式，以降价来稳定iPhone的销量，但是尽管如此iPhone的销量下滑，也仅仅有所好转。
由此一来市场上的竞争就会越来越激烈，虽然苹果一直以低销量争得绝大部分的市场份额，但是近年来，苹果的销量开始逐渐下滑，今年618狂欢节中Iphone XR价格甚至降到了历史最低。
苹果一直依赖着手机这个产品来获得利润，相比去年到今年，苹果的销量也在不停的下滑，比2018年下跌了近20%，简单来说就是赚少了两千多亿美金。
在已经过去的2019年，对于苹果来说，并不是很容易，iPhone销量下滑，给库克的管理团队带来了极大的压力。据外媒报道，苹果高管在2019年总薪酬均同比下降，其中库克去年的总薪酬达1160万美元（约合人民币超8000万元），2018年为1570万美元。
苹果首席财务官Luca Maestri 2019年全年总薪酬达2520万美元，2018年为2650万美元；首席运营官Jeff Williams 2019年总薪酬达2520万美元，2018年为2650万美元。
此外，在2019年，苹果首席执行官库克的年度薪酬与公司薪酬中值员工比率为201:1。对于苹果这些高管来说，工资可能只是收入的一部分，如果完成了业绩指标后，他们所能得到的将是公司的股票，以目前苹果股价来看，每股超300美元的股价表现，相当不错了。返回搜狐，查看更多
https://www.crn.com/news/applicatio...-s-total-pay-declined-to-11-6-million-in-2019
Apple CEO Tim Cook’s Total Pay Declined To $11.6 Million In 2019
Cook’s salary was still 201 times more than the median pay of Apple employees.
By David Harris January 03, 2020, 05:49 PM EST
AddThis Sharing Buttons
Share to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreMore
Apple CEO Tim Cook reported $11.6 million in total compensation in 2019 -- 26 percent lower than the prior year -- as company stock has soared, according to the firm’s annual proxy statement released on Friday.
That amount included $3 million in salary as well as $7.7 million in non-equity incentive plan compensation and $884,466 in other compensation that included $457,083 in security expenses (Apple’s board requires that Cook use private aircraft for all business and personal travel).
In 2018, Cook reported $15.7 million in total compensation, which included $12 million in non-equity incentive plan compensation.
Cook’s salary was 201 times as much as the median salary of its employees, which equated to $57,596, according to the filing.
Cook certainly wasn’t the highest-paid Apple executive in 2019, according to the proxy. Apple General Counsel Kate Adams reported total compensation of $25.231 million in 2019, which included $21 million in stock awards, according to the filing.
Cook, 59, has been Apple’s CEO since August 2011 and joined Apple in 1998 as senior vice president, worldwide operations.
In October, Cook touted the improving fortunes of the iPhone. The debut of new iPhone models in September—especially the iPhone 11, which comes with a lower price than its predecessor model—helped to spur better-than-expected results in iPhone revenue during Apple's fourth quarter. The iPhone business generated revenue of $33.36 billion during Apple's fiscal fourth quarter of 2019, ended Sept. 28, the company disclosed at the time.
The Cupertino, Calif.-based tech giant has a good run as of late. Apple’s stock hit an all-time record of $300.35 on Thursday before declining less than 1 percent on Friday as the market as a whole sank. The company, which has a $1.3 trillion market cap, reported revenue of $260.2 billion and operating income of $63.9 billion last year.
https://www.cnbc.com/2020/01/03/apple-ceo-tim-cook-2019-compensation-dropped-from-2018.html
Apple CEO Tim Cook’s total pay dropped last year, but he still took home over $125 million
Published Fri, Jan 3 20207:24 PM ESTUpdated Fri, Jan 3 20207:43 PM EST
Kif Leswing@kifleswing
- Tim Cook received $3 million in salary in 2019, the same as a year earlier, and a $7.67 million bonus, which was down from $12 million.
- His total compensation dropped from $136 million in 2018 to $125 million last year.
Tim Cook, chief executive officer of Apple Inc., center, speaks while U.S. President Donald Trump, right, listen during an American Workforce Policy Advisory board meeting in the State Dining Room of the White House in Washington, D.C.
Al Drago | Bloomberg | Getty Images
Apple CEO Tim Cook’s total pay decreased last year as the company failed to exceed its financial targets by as much as it did in 2018. But he still pulled in over $125 million in total compensation.
According to an SEC filing on Friday, Cook received $3 million in salary for 2019, the same as a year earlier, while his bonus decreased to $7.67 million from $12 million.
The majority of Cook’s pay came from the vesting of $113.5 million worth of Apple shares. All in, Cook’s salary, bonus and vesting compensation for the year declined by 8% from $136 million in 2018. Since 2011, the year Cook became CEO, his compensation has totaled $963.5 million, according to Equilar.
Apple exceeded its targets of $256.6 billion in net sales and $60.1 billion in operating income for fiscal 2019, but the company didn’t beat the numbers by enough for top executives to maximize their bonuses.
“Annual cash incentives paid out at 128% of target for 2019, down from the maximum 200% of target paid for 2018,” the filing said. In 2017, Apple executives received 155% of their target bonus.
In addition to Cook, Apple Chief Financial Officer Luca Maestri, general counsel Kate Adams, and Chief Operating Officer Jeff Williams all received smaller non-equity bonuses last year, down to $2.6 million from $4 million, according to the filing.
Apple sets its goals annually based on a variety of factors, including the macroeconomic environment, trade conditions and foreign exchange headwinds.
Apple declined to comment beyond the proxy.
Cook also received over $800,000 in other compensation, including a $16,800 contribution to his 401(k) plan and security expenses of $457,082. Apple’s board of directors also requires Cook to fly private, which cost the company $315,311 in 2019.
Apple’s median employee made $57,596, up from $55,426 a year earlier. Not including his 2011 stock grant, which accounts for the majority of Cook’s pay, the CEO’s compensation of $11.6 million last year was 201 times the amount earned by the median Apple employee.
Apple’s stock surged 89% in 2019, its best performance since 2009 and the biggest gainer in the Dow Jones Industrial Average for the year.
Apple shareholders will vote on executive compensation at the company’s annual shareholder meeting on Feb. 26.
CNBC’s Josh Lipton contributed to this report.
WATCH: Look at pullbacks in Apple shares as buying opportunities
watch now
VIDEO02:45
Look at pullbacks in Apple shares as buying opportunites: Market expert
Follow @CNBCtech on Twitter for the latest tech industry news.
