The final figure may vary, however, since last year a total of 99.4 million was pocketed, of which 83 million corresponded only to the package of shares, a figure that was above the target amount set at 75 million, indicates the document.
These changes were imposed by the company’s compensation committee with the go-ahead from Cook after shareholders raised concerns about the size of their compensation by giving lower approval (64%) than the previous year (95%) to what the dome wins.
In this sense, Apple indicated that “after the advisory vote ‘SayonPay’ of 2022, the subsequent commitments of the shareholders and the discussions with Cook himself, the Compensation Committee approved a compensation for 2023 that they believe responds to the comments of the shareholders while continuing to align pay with performance and shareholder interests, as well as recognizing Cook’s outstanding leadership.”
The rest of the high-ranking executives of Apple will not have to face any changeswhich means that they will not have a reduction in their salary or the variable incentive of shares in 2023.
The salaries of senior executives have experienced significant growth in recent years, and basically these types of cuts are still adjustments that attempt to “reduce” inequalities between top managers and lower-ranking employees.
Source: Ambito
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