Makes 25 minutosEjecutivos of Apple gained less in 2016, its CEO more – Economíahoy.mx

Bloomberg – 13:14 – 6/01/2017

• Cook received shares valued at more than 350 mdd

The chief executives of Apple Inc. saw reduced his compensation last year while the head of the company, Tim Cook, saw his salary higher from its record jackpot of 2011.

The five main lieutenants Cook pocketed around 22.8 billion each by 2016, according to a proxy statement filed Friday. The packages of remuneration included 2.8 million in salary and bonuses in cash, and 20 million in prize money in shares.

The compensation spread of 8.75 mdd who received Cook, comprised a salary of 3 million and a cash bonus of 5.37 billion, not including 1.26 billion in shares that he received as a grand prize after becoming head of Apple. These were worth about 136 billion when acquired, in what was the biggest distribution that Cook received in a single year. The value of the shares is not included in the table of offsets of the proxy statement because it includes the new awards.

The profit means a great leap in respect of 2015, when the CEO received 10 million in salary and bonus and 64.2 billion in shares purchased. The bulk of the actions for fiscal year 2016 was not tied to the performance and, therefore, not at risk of forfeiture even when Apple reported its first decline in annual sales since 2001. The recent versions of the iPhone, the maximum revenue generator for Apple, not pushed automatic updates as they did with previous models.

Some chinese competitors are making cheaper devices to the time that the developed countries are reaching saturation point.

The board granted Cook 1 million restricted shares to be granted two increments in a decade when he took the reins of the company from Cupertino, California, in 2011. Two years later, the compensation committee tied a third of the stock at the relative performance of the shares of the company compared to the S&P 500 at the request of the own Cook and determined that the shares were payable on an annual basis. In 2014, the company determined a stock split of 7 for 1.

Cook received all of the 280,000 shares tied to the performance booked for 2016 because of the performance of shares of Apple over the three years up to August 24 was in the upper third of the companies in the index. Cook also received 980,000 shares conditional on remaining in the position. Adding pay earlier, Cook received shares valued at over 350 billion since he was appointed to the position of CEO.

Cook also is on track to get about half of the actions tied to the relative performance of the shares and with the payment date in August 2017 and 2018 on the basis of the returns of the shareholders in three years, according to data compiled by Bloomberg. The performance shares in calendar year 2016 of the manufacturer of iPhone including dividends was more than 12%, exceeding almost half of the companies in the S&P 500. The rest is allocated within the four and a half years have been granted.

do Not spread the compensation of the director of Apple design, Jony Ive, who for some it is the employee more important to the company. Ive designed some of the most emblematic products of Apple like the iMac, the iPod and the iPhone.

The Apple representatives did not respond immediately to a call and an e-mail sent outside of working hours.

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