Tim Cook's Salary in 2022 was $125 Million; Lower than in 2022
Apple CEO Tim Cook took dwelling house $125 million as his pay package in 2019, slightly lower (nearly 8 per cent) than $136 one thousand thousand which he received in total compensation in 2018.
According to an SEC filing, Cook received $3 one thousand thousand as base of operations salary in 2019 just his bonus slid to $seven.67 million from $12 one thousand thousand, reports Seeking Alpha.
"Cook'southward total pay brutal last year every bit the company failed to peak its financial targets by as much equally in 2018, but Cook still amassed $125 1000000 in total compensation," the study said on Friday.
Apple tree'due south board ready less ambitious goals for 2019, lowering its sales target by 3 per cent from 2018 to $256.6 meg and its turn a profit target past 15 per cent (YoY) to $60.1 billion.
Cook, 59, earned nearly $11.56 million in non-equity compensation for 2019 — a 26 per cent pass up compared to 2018 when he earned nearly $15.7 million.
"In 2019, Apple's functioning exceeded the target performance goals for both net sales and operating income, resulting in a total payout of 128 per cent of the target payout opportunity for each named executive officeholder," Apple said in the SEC filing.
Apple shares hit $300 for the first time in late December and closed at $297.43 on Friday.
Apple tree shares striking a new all-time high of $300 on Thursday, marking significant growth over the grade of the last yr.
In early January 2019, Apple shares were at $144.
Apple tree stock has surged attributable to reports of improve than expected iPhone 11 and xi Pro sales and reports of stronger AirPods Pro sales.
The visitor'due south stock rose by near xc per cent terminal yr.
Source: https://beebom.com/tim-cooks-salary-in-2019-was-125-million-lower-than-in-2018/
Posted by: alvaradoatimenswo.blogspot.com
0 Response to "Tim Cook's Salary in 2022 was $125 Million; Lower than in 2022"
Post a Comment