By George Avalos | [email protected] | Bay Area News Group PUBLISHED: January 8, 2019 at 2:19 pm | UPDATED: January 8, 2019 at 2:37 pm CUPERTINO — Some top bosses at Apple landed pay raises during in 2018, including the company’s chief executive officer, according to a new regulatory filing on Tuesday. Tim Cook, the chief executive officer, was awarded $15.7 million in total direct compensation in the company’s 2018 fiscal year, up 22.3 percent from the $12.8 million Cook received in 2017, a proxy statement with the Securities and Exchange Commission showed. Chief Financial Officer Luca Maestri was awarded $26.5 million in total direct pay in fiscal 2018, which was 9.8 percent higher than the $24.1 million he received the year before. Angela Ahrendts, Apple’s senior vice president retail, was awarded $26.5 million, up 9.6 percent from the year before. Over the 12 months that ended in September, Apple earned $59.53 billion on revenue of $265.59 … [Read more...] about Apple executives, including CEO Tim Cook, get pay raises: new filing
Tim cook
5 Reasons You Wouldn’t Want to Be in Tim Cook’s Shoes Right Now
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | 5 Reasons You Wouldn’t Want to Be in Tim Cook’s Shoes Right Now Supported by Apple’s chief executive has enjoyed enormous success over his seven years running the company, but he’s likely to face tougher times ahead. ByJack Nicas Jan. 4, 2019 Do not pity Timothy D. Cook. He has made hundreds of millions of dollars as Apple’s chief executive. He is regarded as one of business’s best bosses, and runs a company with a beloved brand and $130 billion in cash. Even so, he is hitting what could be the toughest time of his tenure in Apple’s corner office, and his legacy as heir to Steve Jobs will be on the line. Here are five reasons: 1. His bet on China may be backfiring. The signature innovation of Apple’s late co-founder, Mr. Jobs, was the iPhone. Mr. … [Read more...] about 5 Reasons You Wouldn’t Want to Be in Tim Cook’s Shoes Right Now
In defence of Tim Cook: Many of the issues Apple faces are beyond his control
Robin Pagnamenta Follow 3 January 2019 • 12:44pm In 2009, when Steve Jobs was in the advanced stages of his battle with cancer, Tim Cook offered to donate him a portion of his liver because both men shared a rare blood type. Although Jobs turned down the offer, it was a symbol of the remarkably close relationship between the two men at the helm of Apple, a company which Cook had joined 11 years earlier. “I'll never let you do that,” Jobs allegedly said at the time. Two years later, when Cook was appointed to lead Apple a few weeks before his predecessors’ death, there were inevitable questions over his suitability for the job. Certainly they were big shoes to fill. Could Mr Cook, a vastly different character from Steve Jobs - less abrasive... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per … [Read more...] about In defence of Tim Cook: Many of the issues Apple faces are beyond his control
Apple’s shock profit warning chills Wall Street as Tim Cook blames China’s economic slowdown
Apple has sent a chill through Wall Street and the tech industry by cutting its sales forecasts for the first time since 2002, blaming a sharper than expected economic slowdown in China. Shares in the tech giant fell by 8pc after it revealed that iPhone sales were well below expectations in the final months of 2018. The unscheduled update was a rarity for the company and sent shares in other major tech companies including Amazon and Microsoft falling. The update threatens to spark a wider market drop among tech shares on Thursday. The Invesco QQQ Trust, which tracks the tech-heavy Nasdaq index, fell by 2pc in late trading. It also apparently roiled the currency markets. Japan’s yen rose as much as 3.7 percent to 104.87 in early Asian trading on Thursday, the highest level since March 26. The Australian dollar, often seen as a proxy for China and emerging-markets, plunged as much as 3.5 percent to 0.6741, lowest since March 2009. USD/JPY flash crash … [Read more...] about Apple’s shock profit warning chills Wall Street as Tim Cook blames China’s economic slowdown
Apple cuts outlook, CEO Tim Cook blames China and iPhone sales
By Thomas Barrabi Published January 02, 2019 Technology FOXBusiness Facebook Twitter Comments Print Apple shares tumbled in after-hours trading Wednesday, after posting modest gains to begin 2019, after the iPhone maker warned that quarterly revenue for the crucial holiday sales season would be lower than it originally anticipated. Ticker Security Last Change %Chg AAPL APPLE INC. 157.92 +0.18 +0.11% Continue Reading Below The Dow member will likely infect the broader market in Thursday trading. CEO Tim Cook delivered the bad news to investors in a letter saying the company now expects first-quarter revenue of approximately $84 billion, down from previous guidance of between $89 billion and $93 billion. Cook attributed the downtick to various factors, but said “economic deceleration” in emerging markets, especially China, was largely to blame. “Lower than anticipated iPhone revenue, primarily in Greater China, … [Read more...] about Apple cuts outlook, CEO Tim Cook blames China and iPhone sales