The year 2019 was not only a disappointment for a company like Apple, it was also difficult for its CEO, Tim Cook, as his annual bonuses were cut after he failed to reach the company's goals in financial terms.
Sales of Apple's main product, the iPhone, have deteriorated during the recent period, and the Apple company has not been able to reach specific sales during 2019, unlike what it did in 2018.
Tim Cook's annual income
Apple CEO Tim Cook in 2018 received an annual salary of $ 3 million and bonuses and compensation of $ 12 million after reaching 200% of the US company's goals and achieving high net sales.
In 2019, Cook received the same salary as last year, which amounted to $ 3 million, and with only 128% of Apple's goals and a decrease in iPhone sales, Tim Cook's bonuses and bonuses were reduced to $ 7.7 million instead of $ 12 million last year.
Also, Tim Cook received in 2019 $ 884.466 in concessions, half of the amount comes to secure and protect the CEO and the other half to provide a private plane at any time for travel purposes, in addition to $ 113.5 million in profits from his stake in the shares of the apple company. Cook owns shares worth $ 400 million. .
A picture of Tim Cook's salary over the past years:
Apple CEO salaries
Part of the bonuses and bonuses of Apple executives, such as Jeff Williams, COO, Luca Maestre, Chief Financial Officer and General Counsel Kate Adams, have been deducted from their bonuses, dropping from $ 4 million last year to $ 2.6 million for the same reason.
Finally, after hearing all those millions, you may feel envy or envy Tim Cook, but what you do not know is that the CEO of Apple, who may have entered the billionaire club, is planning to donate most of his wealth before his death to charities and charities.
One final clarification
The salaries of the leaderships of major companies, whether Apple or others, are made up of several parts ... The basic salary and with it the profits of a "bonus" is mainly focused on the company's sales There are also additional bonuses that are shares in the company, and their value is determined based on the performance of Apple's stock. The company may be making big profits, but the leaderships are mismanaging the PR media, so rumors that are harmful to the future of the company appear and are not well negated. The stock is going down. Here, Apple's "shareholders" decide to cut the leadership bonus. And vice versa, the company may not profit strongly, but the stock is rising, and here the leaderships receive huge sums of money. As a reminder, Tim Cook got in 2012 a “stock” bonus of $ 376 million for the year 2011, but of course it was restricted to get half of it in 2016 and the other half in 2021 “10-year vesting”. Above, we will see that he got another 113 million shares. Bringing the total of what he received this year to 125 million dollars, compared to 136 million last year.
Source:
Walid Reda, searches for news on foreign websites that are biased on Apple, translates them and transmits them to the iPhone Islam website, and records them next to his name (Editor)
Rather, you are a translator and you do not have any topics that would be of use to the technology library.
Of course, this is a piece of news and I translated it, which is why you find that it is in the news section and not an article or an analytical topic ☺
Him to him to him
How can he be patient in his life with this salary ?!
The important thing is not to be afraid, Tim Cook
Apple's crazy people are doing their homework and buying all of your products this year, and by God’s willing you come back you take 12 million to walk around for the next year.
And
I say you and him
Apple in this decade exploded the world of technology and Pchvon
Like what happened in the past decades
And do not forget Tim Cook's words at the beginning of 2019 that there is something very revolutionary coming in the coming years, often 2020-2022, so stay tuned.
Thank you, Zamen Team ..🙂
Big sums of money, and God has divided the livelihoods.
Perhaps Apple should make the right decision and reduce even a small percentage the prices of its products.
But if it continues to rise in prices, then the user will stick to his device as much as possible until it perishes.
Brother Reda, the editor and writer of the article, I am surprised that you did not mention the iPhone XR as the best phone I sold during the past year, and the phone alone reaped more than a quarter of Apple's sales !! The article is unfair and only focused on Tim Cook's salary.
So I hated it
What is known is written Ahu and such as one in iPhone Islam
There is nothing in it other than Bin Sami 🤩
Hello my friend
Indeed, the news was only about Tim Cook's salary and not focused on iPhone sales.
My brother, a lover of Apple, God willing, I will try to write better, so that my articles will be liked by you. Long live iPod 😊
Certainly, he loses because the price is exaggerated, and the way the programs change is the same as anything that changes, and every day an iPhone is updated
XNUMX b ßÊss
Hello, how are you
The reason for the decrease in profits is the price of the iPhone because it is very high compared to other famous phones.
Greetings: Fahad Al-Shammari
Bs 🤦🏻♂️
This deserves the least
They are supposed to deduct it with an increase
Because the level is less than the rest of the competitors, despite our leadership in the past
And I do not expect that we will be less than the rest, except for the reason of the large number of sales and the decrease in doses