Appeal to voting from investors against Apple’s CEO Tim Cook Dinner’s heavy ‘salary’

Proxy Advisory firm ‘Institutional shareholder Services’ (ISS) has requested the investors of Apple Inc. requested voting against Remunation of Chief Executive Officers ‘Tim Cook’ (Tim Cook Dinner). It cited Tim’s Equity Award and Confraction concerns. Apple will hold its annual shareholder meeting in the first week of March. ISS said in a letter on Wednesday that ‘there are many concerns about the design of the equity award given to CEO Cook in FY 2011. The half award is lacking in performance criteria.

According to Reuters, Tim Cook took a salary of $ 3 million (about Rs 20 crore) in 2021. In addition, he was given $ 82.3 million (about 620 crore rupees) at the stock award and $ 12 million (about Rs 90 crore) to achieve Apple’s target. Along with this, money was given in many more items. In total, he earned $ 98.7 million (about 740 crore rupees) in 2021, while he earned $ 14.8 million (about Rs 110 crore) a year ago.

As part of the Long-Term Equity Plan, he received 333,987 restricted stock units in the stock grant since 2011. In the year 2023, he will find more units. ISS has priced Tim Cook’s Equity Award for the year 2021 $ 75 million (about Rs 560 crore). According to a filing, his salary was 1,447 times the company’s average employee. Apple refused to comment in the matter.

Talk about some more troubles of Apple, then in a case in the US, it has been claimed that the model of every Apple Watch made so far has a “unsafe default”. This claim has been specially made with the fact that Apple Watch does not have an internal space to accommodate the flourishing battery. The complaint lodged in a Federal Court in California claims that “there is an unknown and inappropriate dangerous protection threat in Apple Watch.” In the case, every model is named from Apple Watch to Apple Watch Series 6. According to media reports, this proposed class-action case has been filed by four customers of Apple Watch. This complaint also includes a photo of a close slash on the arm of a customer. It is claimed that all this allegedly happened when the user’s series 3 Apple Watch Screen, separated.