Apple Inc. investors should vote against the $99 million pay package awarded last year to Chief Executive Officer Tim Cook, a shareholder adviser firm recommends.
Apple declared how much its CEO Tim Cook was paid in 2021 in the latest Securities and Exchange Commission (SEC) filing. It should be noted that Cook’s salary per year includes things like security and private flights.
The haul consists of about five million shares worth roughly $750 million, according to calculations by Bloomberg News. Part of the payout is contingent on Apple's stock return over the past three years surpassing at least two-thirds of companies in the S&P 500 - a threshold the iPhone maker cleared by a wide margin.