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Apple’s investors are being urged to vote against the $ 99 million reward package given to CEO Tim Cook late last year.<\/p>\n<\/div>\n
A representative investor agency said there were “serious concerns” about the huge reward amount, which was $ 14.8 million higher than a year ago.<\/p>\n
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.<\/p>\n
The agency said in its complaint that “half of the amount of the award does not meet the performance criteria”.<\/p>\n
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.”<\/p>\n
But according to estimates, Mr. Cook’s salary is on average 1,447 times higher than that of an Apple employee.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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