English|Apple CEO Tim Cook Faces Backlash for His US$99 Million Pay Package English

文章图片

【English|Apple CEO Tim Cook Faces Backlash for His US$99 Million Pay Package】BEIJING, February 17 (TMTPOST) — Institutional Shareholder Services (ISS) has called for Apple’s shareholders to vote against the US$99 million pay package plan for the company’s CEO Tim Cook.
ISS is the biggest shareholder proxy advisory firm in the United States.
The advisory firm said in a letter to shareholders that there are significant concerns over the design and magnitude of the pay package and that half of the award lacks performance criteria.
ISS also pointed out that Cook’s pay was 1,446 times higher than the average salary for Apple’s employees.
Cook’s pay package included US$630,600 for personal security and US$712,500 for personal use of a private jet. According to ISS, the cost of such perks greatly exceeded comparable companies last year.
Last year, Cook received a US$3 million salary, US$12 million bonus and US$82 million worth of shares.
British financial media Financial Times reported that Apple’s total shareholder return rate has exceeded over 1000% under the leadership of Cook. Apple’s share rose by nearly 30% in the past 12 months. Apple’s valuation hit US$1 trillion in 2018, becoming the first tech company to achieve such valuation. In 2020, Apple’s market valuation reached US$2 trillion.
Apple will hold its annual meeting for shareholders in the first week of March. It is worth noting that shareholder votes are only advisory as Apple’s board has the final say in the pack packages. This means that Apple‘s board could choose to ignore the opposition. However, Apple has stated that it will consider the feedback from shareholders and shareholder votes when deciding on pay packages. At last year's meeting, 95% of shareholder votes supported Apple's executive compensation package.
ISS’s opposition to Apple’s pay package plans can date back to seven years ago. In 2011, ISS urged Apple to disclose replacement candidates of the company’s CEO Steve Jobs, who was having health issues at that time. ISS also questioned Jobs’ position on the Disney board.

English|Apple CEO Tim Cook Faces Backlash for His US$99 Million Pay Package

推荐阅读

街头俏妞郁金香

edius怎么调整画面 edius调整画面布局的操作方法

苹果必备软件排行榜，Iphone有什么好软件推荐下

王思聪能找到真爱吗？

美的空调咸安销售点,对比下不就知道了

早安暖心的话语一句早上好暖心的话

骨囊肿手术住院要多久骨囊肿能治好吗

钉钉已注册怎么激活

甜到炸的土味情话史上最撩人的土味情话大全

对象池Pools优化

《猫眼三姐妹》海俊夫早已发现猫眼就是小瞳,只是不愿承认而已吗？

海尔吸顶空调制热显示待机是什么原因,基本上用这几种方法

冬瓜汁可以用来当做减肥吗？

2020河南省本科二批补录时间 2023河南本科二批补录时间

钉钉崩了的解决方法

欠信用卡的钱怎么还不会被起诉？

如何轻松去油渍怎样轻松去油渍

荣耀战力什么时候结算

宇宙护卫队彩虹简笔画宇宙护卫队彩虹简笔画画法

先分析后实验报告,elisa实验报告结果分析