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Apple could cut, or raise, executive bonuses by 10% based on their performance on environmental and social issues in 2021
Apple could cut, or raise, executive bonuses by 10% based on their performance on environmental and social issues in 2021
Grace DeanJan 6, 2021, 16:47 IST
Apple s CEO Tim CookKarl Mondon/Digital First Media/The Mercury News via Getty Images
Apple will adjust 2021 exec bonuses by up to 10% either way based on their performance against social and environmental values, it announced Tuesday.
The environmental, social, and governance modifier will vary bonuses based on the company s six core values: accessibility, education,
environment, inclusion and diversity, privacy and security, and supplier responsibility, it said.
Karl Mondon/Digital First Media/The Mercury News via Getty Images
Apple will adjust 2021 exec bonuses by up to 10% either way based on their performance against social and environmental values, it announced Tuesday.
The environmental, social, and governance modifier will vary bonuses based on the company s six core values: accessibility, education, environment, inclusion and diversity, privacy and security, and supplier responsibility, it said.
Apple did not say exactly how it would measure performance against these values.
Apple also disclosed that its top five executives earned a combined $120 million last year, and CEO Tim Cook s pay package rose 28% from 2019.
Apple will partly decide 2021 bonuses for executives based on their performance against social and environmental standards, it said Tuesday.