Posted in: Tattle, Technology

Apple chief Tim Cook faces shareholder revolt over $99m pay package

Shareholders urged to vote against deal for Cook, 61, whose pay last year was 1,447 times that of the average Apple employee

A powerful investors’ advisory group has called for shareholders to vote against the $99m (£73m) pay package awarded to Apple boss Tim Cook last year.

In a letter to shareholders, the advisory firm Institutional Shareholder Services (ISS) wrote there were “significant concerns regarding the design and magnitude of the equity award” made to Cook in 2021, adding that half of the award “lacks performance criteria”.

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