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10/05/2021

WHO’S GETTING WHAT? Apple Inc, The Restaurant Group, Signa Prime

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Apple Inc

Apple boss Tim Cook could receive one million extra shares in the business by 2025 if the tech titan continues to perform strongly. His second stock grant, mirroring the one he received on taking over from Apple co-founder Steve Jobs in 2011. The award is worth between $76m and $114m depending on Apple’s share price performance, says The Daily Telegraph. Cook’s pay last year came to $125m, including stock options.

The Restaurant Group

The Restaurant Group, which owns casual-dining chains Frankie & Benny’s and Wagamama,
proposes hand chief executive Andy Hornby up to £787,500 in shares on top of his £630,000 base salary this year, says The Mail on Sunday. In 2021, he could get a cash bonus of up to £945,000 and up to £630,000 in shares, taking his potential pay to £2.2m. The firm has made 4,500 employees redundant during the pandemic and closed 250 of its 650 outlets.

Signa Prime

Austrian property billionaire René Benko is set for a big payout after his & luxury retail company Signa Prime Selection doubled its net income by writing up the value of its assets says, Bloomberg. Signa Prime, which owns sites in Berlin and Vienna, will pay €201m in dividends, up from €98.6m last year. Benko owns 54% of the firm, which is a critical cog in his complex web of property, retail and media holdings. Other European retail property groups, such as Unibail Rodamco Westfield, plan to scrap dividends and sell assets due to the pandemic.

Nice work if you can get it!

The government’s response to Covid-19 has become a fee-earning bonanza for some of the world’s largest professional services firms, says Rob Davies in The Guardian. Management consultants are being paid tens of millions of pounds to assist with everything from the much-criticised NHS test-and-trace programme to buying supplies.

Deloitte has received multiple contracts, including £6.7m to buy equipment for intensive care units, a £3m deal to provide the Cabinet Office with “general management consultancy services” related to the pandemic £2.2m for buying personal protective equipment. PricewaterhouseCoopers has been paid £3m by the Cabinet Office for financial analysis, £2.5m by the Treasury for consultancy and research, and £1.4m by the Department for Digital, Culture, Media and Sport to help run a £200m emergency fund for charities.

Source: moneyweek.com

Kris Paterson is a writer for www.whatjobs.com the global job search engine

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