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Title: Environmental goals will now determine bonuses for Apple executives Post by: HCK on January 06, 2021, 04:05:17 pm Environmental goals will now determine bonuses for Apple executives
Executives will have to help Apple meet its environmental and social goals in order to get a bonus. What you need to know Apple is changing how its executives get their cash bonuses. The company is incorporating environmental and social goals into its bonus structure. As reported by Reuters, Apple has said in an annual proxy filing that it will be making some changes to the cash bonuses for its executives. According to the filing, bonuses will begin to be earned if progress is made towards the company's social and environmental goals. The filing says that the changes will go into effect this year. "Beginning in 2021, an environmental, social, and governance modifier based on Apple Values and other key community initiatives will be incorporated into our annual cash incentive program." The company's bonus structure used to be based mostly on financial results, so this is another strong indicator that Apple is taking its commitment to the environment and social initiatives s... Source: Environmental goals will now determine bonuses for Apple executives (http://feedproxy.google.com/~r/TheIphoneBlog/~3/qmYfWUXOeao/environmental-goals-will-now-determine-bonuses-apple-executives) |