New York (CNN Business)Apple is the most valuable company on the planet. And as a reward for the iPhone maker’s success, CEO Tim Cook stands to receive nearly $100 million in compensation for 2021.
But one influential shareholder rights group has some issues with Cook getting that big of a payday.
Institutional Shareholder Services (ISS) said in a report Wednesday that “there are significant concerns regarding the design and magnitude” of the amount of stock Cook is being awarded.
As a result, ISS is recommending that investors vote against a proposal to ratify Cook’s compensation at Apple’s March 4 shareholder meeting.
www.cnn.com/2022/02/17/investing/apple-tim-cook-compensation/index.html
Views: