Apple shareholders vote in favor of CEO Cook’s annual compensation

CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino
CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam

March 4, 2022

(Reuters) – Apple Inc shareholders approved Chief Executive Officer Tim Cook’s annual compensation in a virtual meeting on Friday, rejecting some investor concerns over the magnitude of his equity award.

Cook, who took the helm in 2011, last year received a compensation package with a total value of $98.7 million, a sum 1,447 times that of the average employee, thanks to a stock grant as part of a long-term equity plan.

He earned $14.8 million a year earlier.

(Reporting by Nivedita Balu in Bengaluru and Danielle Kaye in New York; Editing by Sriraj Kalluvila)

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