Apple Boss Salary Cut 40%, So Idr 742 Billion a Year

[monjorul6]

Apple CEO Tim Cook's salary cut by 40%. This decision followed a say-on-pay vote by shareholders and was of Cook's own free will. This means that Cook will receive around US$ 49 million or the equivalent of Rp. 742 billion (exchange rate of Rp. 15,150) in 2023. Reporting from CNBC , Friday , the company also reduced the amount of compensation Cook will receive if he retires before 2026. Allocations for executive compensation have been under scrutiny from company shareholders lately. The Institutional Shareholder Service recommended that Apple shareholders vote against the Cook pay plan at last year's annual meeting. Apple's Compensation Committee said the move to cut Cook's salary was in response to last year's say-on-pay vote, in which 64% of shareholders approved Cook's compensation, down from 95% in the 2020 fiscal year. Even so, they still praised Tim Cook 's performance.

They also consider this step a long-term strategy of the CEO of Apple. Also read: Bye-bye WFH, Disney Boss Asks Employees to Work in the Office Again! Most of Cook's salary is paid in units of restricted stock or stock-based compensation. On the other hand, the number of Apple shares Cook owns depends on Apple's performance versus the S&P 500. Apple stock is moving well enough that Cook usually gives the maximum amount. In 2022 yesterday special data Cook raised just under US$83 million in shares, US$12 million in incentives, and US$3 million in salary. Not only that, he also benefits from a pension plan, security, private air travel and vacation cash worth more than US $ 46 thousand. Meanwhile, the company reports, since Cook took over as CEO in 2011, Apple stock has returned 1,212% versus 290% for the S&P 500. In addition to reducing the total target, Cook's 75% vested stake will be tied to Apple's stock performance in 2023, not 50%. Apple announced a stock grant for Tim Cook for September 2020 through.



Cook received the grant on the first day of Apple's 2021 fiscal year, which begins in late September. When approved, Cook will receive 1 million shares worth about $114 million at the time, if Apple achieves all of its targets. Finally! GoTo shares are back above Cepek Achmad Dwi Afriyadi - Friday, 13 Jan 2023 10:44 WIB Photo: Doc. GoTo Jakarta -The shares of PT GoTo Gojek Tokopedia Tbk ( GOTO ) finally rose and broke the Rp. 100 per share mark. Previously, the shares of this technology company had fallen below the Rp. 100 level for a long time. Quoting RTI data, Friday (13/1/2023), GoTo shares were at the level of IDR 102 per share at 10.14 WIB. The shares rose by Rp 5 or as much as 5.15%. This morning, GoTo shares opened at a level of IDR 97 or the same compared to the previous close. Having weakened, GoTo shares then continued to strengthen. Also read: The biggest and most exciting IPO series in 2022 So far, GoTo shares have moved between the levels of Rp. 94 to Rp. 104 per share. The total volume transacted was 2.81 billion shares with a transaction value of IDR 282.94 billion. The transaction frequency was recorded at 15,944 times. Then, GoTo's market capitalization was recorded at IDR 120.81 trillion.