[ad_1]
Apple’s investors are being urged to vote against the $ 99 million reward package given to CEO Tim Cook late last year.
A representative investor agency said there were “serious concerns” about the huge reward amount, which was $ 14.8 million higher than a year ago.
Mr. Cook’s net worth is estimated at more than $ 1 billion, and he received the final reward in the form of salary, shares and other expenses.
The agency said in its complaint that “half of the amount of the award does not meet the performance criteria”.
Cook, 61, who has spoken out in defense of issues such as “equality and human rights,” said in 2015 that “before he dies he will forgive all his wealth.”
But according to estimates, Mr. Cook’s salary is on average 1,447 times higher than that of an Apple employee.
The reward package includes $ 630,600 in personal security costs and $ 712,500 for private jet use. The latter were among the main points of complaint.
The company that makes the iPhone, iPad and MacBook became the first to reach $ 3 trillion worth in the stock market last year while currently dropping to $ 2.8tn.
top channel
[ad_2]
Source link
