And as a reward for the iPhone maker’s success, CEO Tim Cook stands to receive nearly $100 million in compensation for 2021. Institutional Shareholder Services (ISS) said in a report Wednesday that “there are significant concerns regarding the design and magnitude” of the amount of stock Cook is being awarded. As a result, ISS is recommending that investors vote against a proposal to ratify Cook’s compensation at Apple’s March 4 shareholder meeting. The total package works out to $98.7 million, up from $14.8 million in 2020. “Given that CEO Cook will be eligible for retirement treatment after one year from the grant date, the retentive value of the award is limited,” ISS said.

Source: CNN February 18, 2022 06:50 UTC