Four other leading companies, Apple, received bonuses of $ 4 million, which increased the total compensation to approximately $ 26.5 million, including wages and a plan of division.
Executive Director of Apple Inc. Tim Cook received the highest annual bonus in the business year 2018, after record earnings and earnings of the iPhone manufacturer and after the company temporarily scratched the market value of Milliard dollars.
Cook received a $ 12 million bonus for the year ending September 29, Cupertino reported on Tuesday in a regulatory report. He also earned a salary of $ 3 million and a $ 121 million share from his 10-year share allocation plan, which increased the total prey to $ 136 million, plus wages of around $ 682,000. The bonus was linked to the objectives of revenues and operating revenues, which increased by 16% compared to the previous year.
It may be difficult to repeat this feat. Last week, Apple revealed lower demand than expected for iPhone iPhones in China and other geographic areas, and for the first time in nearly 20 years reduced its revenue forecast. The announcement set the blow to the value of the company, which has since declined by 12%.
Four other leading companies, Apple, received bonuses of $ 4 million, which increased the total compensation to approximately $ 26.5 million, including wages and a plan of division. Part of the actions is linked to shared performance targets, and the remainder is assigned as long as the person remains in the position.
Most of Cook's compensation comes from a share ownership plan that he received in 2011 when he succeeded Steve Jobs as Executive Director and was paid in annual increments. The amount of shares it receives depends partly on the performance of Apple's shares against other companies in the S & P 500 index. In August, Cook received 560,000 shares, as Apple over three years surpassed more than 66% of the companies.
In the last financial year, Apple's stock generated 49% returns, including reinvesting dividends, almost three times more than S & P.
The director of design Jony Ive, which some consider to be the most important employee of the company, did not disclose any salary information.