UP

Apple boss faces backlash to £73m pay package

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto
Apple boss faces backlash to £73m pay package

Investors are being urged to vote against a $99m (£73m) pay package awarded to Apple boss Tim Cook last year.

Axar.az informs that Institutional Shareholder Services (ISS) said it has "significant concerns" over the size of the award, up from $14.8m the year before.

Mr Cook, whose net worth is reportedly more than £1bn, received the pay in shares, salary, and for other costs.

The BBC has contacted Apple for comment.

In a letter to shareholders, the ISS said there are "significant concerns" over the "design and magnitude" of the package. "Half of the award lacks performance criteria," ISS said.

Mr Cook, 61, who has often spoken publicly about his concerns over equality and human rights issues, said in 2015 that he would give away his entire fortune before he dies.

Date
2022.02.17 / 21:54
Author
Axar.az
See also

Free ChatGPT to introduce ads

Mass outage hits social network X (Twitter)

China deploys intelligent robot traffic police

WhatsApp to drop support for older phones in 2026

Japan to spend $19B on AI model

YouTube outage hits thousands of users worldwide

Russia may lock YouTube within a year

Trump clears way for Nvidia to sell powerful AI chips to China

Memory crunch to last until 2027 amid AI frenzy

Markov: WhatsApp soon to be blocked in Russia

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla