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Fiat Chrysler board meets in light of CEO's surgery

Fiat Chrysler board meets in light of CEO's surgery

World
The boards of Fiat Chrysler, Ferrari and CNH Industrial were called to urgent meetings Saturday in Italy in light of executive Sergio Marchionne's recent surgery and prolonged convalescence. The La Stampa daily, the hometown newspaper of Fiat's headquarters city, Turin, where the boards were summoned to separate meetings, said the huddles were called to discuss who would succeed Marchionne. The 66-year-old Italian-Canadian holds multiple leadership roles in the companies, notably as CEO of FCA — Fiat Chrysler Automobiles. Statements from the boards were expected later Saturday. Marchionne had shoulder surgery three weeks ago in Switzerland, the Corriere della Sera newspaper reported. News reports have indicated his convalescence was taking longer than expected. The CEO of Fiat sinc...
Apple CEO's earnings climb 74% to $102m

Apple CEO's earnings climb 74% to $102m

Business
Apple's chief executive Tim Cook took home $ 102m (£76m) last year, largely thanks to bonuses tied to the company's stock price.Mr Cook became Apple's chief executive after Steve Jobs resigned in 2011 and shares in the company have more than tripled under his watch.The company currently has a market capitalisation of over $ 875bn (£650bn) making it the most valuable publicly owned company in the world.In a proxy statement filed with the US Securities and Exchange Commission, Apple said Mr Cook earned just over $ 3m (£2.2m) in salary, plus $ 9.3m (£6.9m) in bonuses.:: Apple shares peaked as iPhone X goes on sale in UKImage:The iPhone X drove Apple shares to a new peakHe was also awarded stock worth $ 89m (£66m), up 74% from last year for a total of roughly $ 102m (£75m) for his work in 2017...