performance

CEO Tim Cook Sees Pay Ebb Along With Apple Performance

January 4, 2020 3:49 pm

Apple chief Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year, according to documents filed Friday.

Cook, who took home $15.7 million in 2018, is paid a base salary of $3 million, in addition to a bonus and various compensations.

His 2019 incentive bonus, which is tied to Apple’s performance, tallied about $7.7 million, and was calculated based on the fact that Apple exceeded its sales target by only 28 percent.

That compared with $12 million in 2018, based on the company exceeding its …

We Will Not Reach 80% Revenue Performance For 2019 – Ahmed

October 14, 2019 2:45 pm

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 percent revenue performance for 2019.

She said this on Monday in Abuja at the public presentation of the 2020 budget proposals.

Ahmed said that as at half-year, the actual aggregate revenue for 2019 was ₦2.04 trillion, which was 58 percent of the prorate target.

She said of the figure; oil revenue accounted for ₦900 billion, Company Income Tax (CIT) ₦349.11 billion, Value Added Tax (VAT) ₦81.36 billion and Customs Collections ₦184.10 billion.

“As to whether we will reach …

Bad Performance Might Cost Manchester United £400m Deal

October 11, 2019 1:22 pm

It has become desperately pertinent for Manchester United to begin a search for new shirt sponsor as Chevrolet is highly unlikely to renew their deal while the club continues to struggle on the field of play.

The American car manufacturer signed a staggering £410million agreement in 2012, when Sir Alex Ferguson was at the helm and United were consistently challenging for top honors. The seven-year deal came into play in 2014. In the time United have displayed the Chevrolet brand on their shirts, they have failed to win the Premier League title and come nowhere near lifting the Champions League.…

Anambra Eyes 80% Improved Performance In 2019 Budget

October 9, 2019 4:10 am

Anambra State government has said that it is optimistic that its 2019 budget will receive over 80 percent implementation, saying that the state has remained top in budget performance since Governor Willie Obiano took the reins of power in the state.

The state Commissioner for Economic Planning and Budget, Mr. Mark Okoye, said this at a news conference on the 2020 proposed budget presented to the Anambra State House of Assembly two weeks ago.

Okoye said, “The good thing about Anambra is that we present a budget that we can implement 100 percent. There is no use presenting ₦1 trillion …