+ Reply
Results 1 to 3 of 3

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Details Emerge from Apple's New Preliminary Proxy Statement

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
...
  1. #1
    MMi Staff Writer Michael Essany's Avatar
    Join Date
    Aug 2009
    Location
    Valparaiso, Indiana
    Posts
    3,685
    Thanks
    17
    Thanked 1,475 Times in 562 Posts

    Default Details Emerge from Apple's New Preliminary Proxy Statement


    On Thursday, MMi's Akshay Masand reported that Apple CEO Tim Cook’s total compensation for 2012 was $4.17 million. The year's pay is down 99% from 2011 because of a lack of stock awards. This revelation was one of many contained in Apple's new preliminary proxy statement, which is beginning to expose a number of interesting tidbits about the Mac maker.

    In October, for example, Apple put forward an across-the-board 2013 base salary increase for executive officers. Their yearly pay was raised from $800,000 to $875,000. The bump-up came as part of Apple's effort to "recognize the additional responsibilities" now incumbent upon Apple's core leaders.

    Apple's "bonus program" for senior executives is also alive and well. Based on the language used to describe the program, the arrangement allows for targeted and maximum bonuses of between 100% and 200% - but whether or not the bonuses are awarded depends on the overall fiscal health, well-being, and performance of the company.

    Contained in the filing was also a date and time confirmation of the 2013 Annual Meeting of Shareholders, which will take place at Apple's 1 Infinite Loop headquarters on February 27, 2013 at 9:00 a.m. PST.

    To review the entire filing on the SEC webpage, click here.

    Source: SEC

  2. #2
    Theme Creator Jahooba's Avatar
    Join Date
    Jun 2009
    Posts
    2,919
    Thanks
    1,425
    Thanked 1,699 Times in 839 Posts

    The really awesome part is that Apple hardly spends money. They save most of it. The company is so rich it can't find things to spend it on. They should use it for fun stuff, like going to the moon.

  3. #3
    My iPhone is a Part of Me hogcia's Avatar
    Join Date
    Jan 2008
    Posts
    701
    Thanks
    50
    Thanked 61 Times in 51 Posts

    The moon lol.

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts