Former Vice President Al Gore will be departing from Apple’s board of directors after a 21-year run due to the company’s mandatory retirement age, the tech company said today.
James Bell, who joined the board in 2015, will also be leaving the board, with aerospace executive Wanda Austin in line to become a director.
Board elections are set for February 28 at the company’s annual shareholder meeting.
In a proxy statement filed with the SEC, Apple disclosed the shareholder meeting date and also detailed the compensation packages of top executives. CEO Tim Cook made $63.2 million in 2023, down 36% from $99.4 million in 2022.
Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023, while Retail SVP Deirdre O’Brien was a shade behind them at $26.9 million.
In the cases of Gore and Bell, Apple noted that it has “a longstanding...
James Bell, who joined the board in 2015, will also be leaving the board, with aerospace executive Wanda Austin in line to become a director.
Board elections are set for February 28 at the company’s annual shareholder meeting.
In a proxy statement filed with the SEC, Apple disclosed the shareholder meeting date and also detailed the compensation packages of top executives. CEO Tim Cook made $63.2 million in 2023, down 36% from $99.4 million in 2022.
Three other members of the top exec team – CFO Luca Maestri, General Counsel Kate Adams and COO Jeff Williams – took home $27 million in 2023, while Retail SVP Deirdre O’Brien was a shade behind them at $26.9 million.
In the cases of Gore and Bell, Apple noted that it has “a longstanding...
- 1/11/2024
- by Dade Hayes and Jill Goldsmith
- Deadline Film + TV
Apple CEO Tim Cook came close to 100 million in total compensation for the second straight year, taking home 99.4 million in fiscal 2022, according to a proxy statement filed with the SEC.
The filing notes that Apple’s compensation committee plans to slash the top exec’s pay by more than 40 compared with the target amount for last year in the wake of “feedback” from displeased investors. His target amount for fiscal 2023 is 49 million.
“Taking into consideration Apple’s comparative size, scope, and performance, the Compensation Committee also intends to position Mr. Cook’s annual target compensation between the 80th and 90th percentiles relative to our primary peer group for future years,” the filing notes. The sizable cut in pay was determined after the committee “balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. Cook to adjust his compensation in light of the feedback received.”
Similar to 2021, when Cook made 98.7 million,...
The filing notes that Apple’s compensation committee plans to slash the top exec’s pay by more than 40 compared with the target amount for last year in the wake of “feedback” from displeased investors. His target amount for fiscal 2023 is 49 million.
“Taking into consideration Apple’s comparative size, scope, and performance, the Compensation Committee also intends to position Mr. Cook’s annual target compensation between the 80th and 90th percentiles relative to our primary peer group for future years,” the filing notes. The sizable cut in pay was determined after the committee “balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. Cook to adjust his compensation in light of the feedback received.”
Similar to 2021, when Cook made 98.7 million,...
- 1/12/2023
- by Dade Hayes
- Deadline Film + TV
Tim Cook, who has steered Apple through the challenges of Covid to a $3 trillion market value, took home $98.7 million in total compensation in 2021.
The figure, a more than six-fold increase from Cook’s 2020 pay of $14.8 million, was disclosed in an SEC filing Thursday afternoon.
Of last year’s total, $82.3 million of the CEO’s compensation came in the form of a stock award. His base salary was $3 million and he got another $12 million via a non-equity bonus.
Apple reached the $3 trillion market value threshold a few days ago, but a dip in its stock price in the opening week of 2022 has seen its value fall to about $2.8 trillion. Its shares closed today at $172, down almost 2%.
Compared with the media business, a near-$100 million annual payday for an executive in the technology sector is relatively unusual. In the upper echelon of tech, significant wealth has been accumulated by figures like Elon Musk,...
The figure, a more than six-fold increase from Cook’s 2020 pay of $14.8 million, was disclosed in an SEC filing Thursday afternoon.
Of last year’s total, $82.3 million of the CEO’s compensation came in the form of a stock award. His base salary was $3 million and he got another $12 million via a non-equity bonus.
Apple reached the $3 trillion market value threshold a few days ago, but a dip in its stock price in the opening week of 2022 has seen its value fall to about $2.8 trillion. Its shares closed today at $172, down almost 2%.
Compared with the media business, a near-$100 million annual payday for an executive in the technology sector is relatively unusual. In the upper echelon of tech, significant wealth has been accumulated by figures like Elon Musk,...
- 1/6/2022
- by Dade Hayes
- Deadline Film + TV
No Man of God Review — No Man of God (2021) Film Review, a movie directed by Amber Sealey and starring Elijah Wood, Luke Kirby, Robert Patrick, Aleksa Palladino, Christian Clemenson, Mac Brandt, Hugo Armstrong, Emily Berry, Will Harris, Gilbert Owuor, Jessica Lynn Skinner, Nican Robinson, Allison Baver, John Wilcox, Kate Adams, Richard Blackmon, [...]
Continue reading: Film Review: No Man Of God (2021): Elijah Wood is Dynamite as FBI Agent in Dramatic Film About Ted Bundy...
Continue reading: Film Review: No Man Of God (2021): Elijah Wood is Dynamite as FBI Agent in Dramatic Film About Ted Bundy...
- 9/6/2021
- by Thomas Duffy
- Film-Book
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