Apple plans to change its management bonus system. As can be seen from an official document published last week on the US stock exchange NASDAQ (Proxy Statement), a so-called “modifier” is to be introduced from this year, which will reduce the Group’s voluntary additional payments 10 Percent can increase or decrease. This is made dependent on “ecological, social and goals of corporate management”, it says in the paper.

Apple’s six corporate values The factors are therefore tied to the so-called Apple values ​​(“Apple Values”) and other “central community initiatives”. The six Apple values ​​are accessibility, education, the environment, inclusion and diversity, privacy and security as well as ensuring a responsible supply chain.

Apple initially provided information on how the bonuses will be calculated exactly in the future Not. This is to be decided by the Compensation Committee, part of the Board of Directors. The company wants to motivate its management team to achieve “exceptionally high standards of value-oriented management” – in addition to the usual financial goals such as sales growth, profit and strengthening the market value. The maximum amount that Apple pays in bonuses will not be changed.

What Tim Cook and his managers earn CEO Tim Cook’s pay for the year 2017 was also mentioned in the proxy statement. He received 14 $ 7 million, up from 28 percent and over 250 times more than Apple’s median salary. The base salary was 3 million, or or or any other or more, any or all of his / her travel or security expenses may or may not be worth 7 million. For reasons of personal protection, Cook is only allowed to fly privately, as Apple had decided in 2017.

Total got the five main Apple managers together 120 million dollars for the year 2020, an increase of 12 percent compared to the previous year. These sums do not mention the share awards, which again significantly increase the revenue of the management team. Cook officially became a billionaire for the first time that year. (bsc)