Feb 17, 2022
Apple boss Tim Cook faces investor concern over £73m pay
Investors are being urged to vote against a $99m pay package awarded to Apple boss Tim Cook last year. According to ISS, Mr Cook's pay was 1,447 times more than the wage of an average Apple employee. Last year, a US Securities and Exchange Commission filing showed that Mr Cook donated almost £7.4m worth of Apple shares to charity, without naming the recipient. Shareholder votes are only advisory, while Apple's board decide on pay packages. At last year's meeting, 95% of shareholder votes supported Apple's executive compensation programme.
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