Apple Inc. miscalculated the values of performance-based stock compensation for CEO Tim Cook and other executive officers, an institutional investor alleges in advance of an upcoming stockholder vote. Instead of awarding $77.5 million for several executives per fiscal year, Apple awarded about $92.7 million in restricted stock units for FY 2021 and about $94 million…
Tag: apple
Apple CEO Tim Cook receives a 40% pay cut after shareholder vote
Apple CEO Tim Cook will receive a pay cut in 2023 to $49 million in total compensation, the company said in a filing with the SEC. Cook requested the change, Apple said in the filing, following a shareholder vote on his pay package. The company also reduced the number of restricted stock units Cook would…
Apple Calls for Mandatory Climate Reporting – ESG Today
Tech giant Apple has come out in support of mandatory climate disclosures for companies, issuing a call on the U.S. Securities and Exchange Commission (SEC) to require consistent, audited emissions reporting. Apple Global Head of Environmental and Energy Policy Arvin Ganesan issued a statement today, highlighting the centrality of transparency by companies in the fights…
Apple investor vote sounds ‘warning’ over China app takedowns
An Apple Inc shareholder proposal critical of the company’s app removals in China received a relatively high level of support at the iPhone maker’s annual meeting on Wednesday, enough to push the company to respond, experts said. The proposal, which called for Apple to report whether it has “publicly committed to respect freedom of expression…
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