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Good morning. The new year means a new finance chief for Apple Inc. Kevan Parekh transitioned from VP of financial planning and analysis into the role of SVP and CFO on Jan. 1. The tech giant ...
Trump also spoke of rising optimism in the economy, small business confidence at a 39-year-high and the stock market. Since his win, the S&P 500 has advanced nearly 4%, the Dow Jones Industrial 3% ...
CFO Luca Maestri is also set to transition to lead Apple's corporate services teams on Jan. 1. The moves follow a similar trend in 2022 and 2023, during which the company lost several executives ...
Since becoming CEO, Cook has also replaced Jobs's micromanagement with a more liberal style and implemented a collaborative culture at Apple. [5]: 314 [6] Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion. [7]
Upon being appointed CFO, he was issued 6,337 restricted stock units (currently worth approximately $4 million). Maestri's official salary is $1 million but he is eligible for Apple's performance-based cash bonus program which increases his salary. In 2014, he took in a salary of $14 million and in 2015, he took in a salary of $25.3 million. [10]
Investor relations (IR) is a "strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation."
But in 2022 the highest CFO-CEO pay ratios I found was at Gen Digital. The pay of CFO Natalie Derse was $12.1 million, which was about 89% of CEO Vincent Pilette’s pay of $13.5 million.
Anderson was the CFO of Automatic Data Processing.. Anderson was executive vice president and Chief Financial Officer of Apple Inc. from March 1996 to June 2004. [1] He took over the duties of CEO after the ouster of CEO Gil Amelio and before the appointment of Steve Jobs as interim CEO. [2]