Time to tie executive salaries to stock performance, right?
According to a newly-posted shareholder document, Apple now requires executive officers to own three times their annual salary. The CEO is still required to hold ten times his own annual salary in stock, as well.
This current move, as reported by the Wall Street Journal, comes a month after Apple’s board actually opposed a similar measure proposed by a shareholder.
This week at Apple, two important executives just got picked off the tree, and on our newest CultCast, we’ll tell you what the departure of long time exec Scott Forstall and the just-hired John Browett means for iOS, OS X, Apple Stores, and all the great Apple products you adore. Plus, Jony Ive’s about to get even more design control over all the Macs you love to own, but the question is, is that a good thing?
Then, get out your lightsabers and prepare the X-Wings, we’re diving deep into the Disney acquisition of LucasFilm and what that means for everyone’s favorite space movies.
If this doesn’t end in another Spaceballs movie, we’re gonna be upset.
Subscribe to The CultCast now on iTunes, or easily stream new and previous episodes via Apple’s free Podcasts App. And please note, if episode 40 isn’t yet showing up for you, subscribing will fix that problem right quick.
While Apple has been actively seeking to improve the working conditions for employees at the Chinese factories manufacturing its products, a former executive for the Cupertino company believes it could do more. The trouble is, Apple’s infamous secrecy is getting in the way.
“We’re trying really hard to make things better,” said one former Apple executive. “But most people would still be really disturbed if they saw where their iPhone comes from.”