What's Hot

    Father’s Day – Stepping into father’s shoes

    June 18, 2022

    4 Expert-Backed Strategies for Managing Anxiety

    April 15, 2022

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    United Business OutlookUnited Business Outlook
    NOMINATE FOR AWARDS
    • Home
    • Top Global News
    • INFO-TECH
      1. Social Media
      2. How-To
      3. Computer & Laptops
      4. Mobile & Tablets
      5. Gadgets
      6. View All

      5 Best Video Editing Apps For Social Media

      March 30, 2022

      Social Media Strategies To Follow

      March 15, 2022

      WeChat: What You Need To Know

      March 7, 2022

      Social Media Content You Need to Create.

      February 5, 2022

      Things to know before starting a business with friends

      March 25, 2022

      How to get a job in the finance industry

      March 2, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Legal requirements to start a business

      February 28, 2022

      Cloud computing basics

      March 9, 2022

      OnePlus 10 Pro- The launch we are waiting for!

      March 29, 2022

      The most valuable brands in 2022

      March 14, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Huawei launches Smart Glasses with Detachable Front Frame along with MateBook X Pro.

      December 25, 2021

      Father’s Day – Stepping into father’s shoes

      June 18, 2022

      4 Expert-Backed Strategies for Managing Anxiety

      April 15, 2022

      Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

      April 4, 2022

      UK could open seven new nuclear power stations to reduce Russian oil dependence

      April 4, 2022
    • Markets
    • Crypto
    • Funding
    • More
      • Retail
      • Entrepreneurs
      • Automotive
      • Healthcare
      • Industries
      • Technology
      • Companies
        • Apple
        • SamSung
      • Fintech
      • Marketing
      • Real Estate
      • Sales
    United Business OutlookUnited Business Outlook
    Home»Top Global News»Tim Cook faces fire over his £73 million compensation package

    Tim Cook faces fire over his £73 million compensation package

    Anjali SinghBy Anjali Singh3 Mins Read Top Global News February 19, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    tim
    NEW YORK, NY - OCTOBER 30: Tim Cook, CEO of Apple speaks while unveiling new products during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Apple debuted a new MacBook Air, Mac Mini and iPad Pro. (Photo by Stephanie Keith/Getty Images)
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Investors are being pushed to vote against Apple CEO Tim Cook’s $99 million (£73 million) pay package from last year.

    Institutional Shareholder Services (ISS) expressed “serious concerns” about the award’s amount, which has increased from $14.8 million the previous year.

    Mr. Cook, whose net wealth is over £1 billion, received his payment in shares, salary, and other expenses.

    Mr. Tim, 61, has frequently expressed his concerns about issues of equality and human rights. And stated in 2015 that he would give away his entire fortune before he dies.

    Apple CEO, Tim Cook received pay of 1,447 times more than the average Apple employee, according to ISS.

    Personal security costs of $630,600 and personal usage of a private jet of $712,500 were included in his deal. Last year, the cost of such benefits “far exceeded” that of comparable organizations, according to ISS.

    Mr. Cook contributed over £7.4 million worth of Apple shares to charity last year, according to a US Securities and Exchange Commission (SEC) filing.

    In January, the corporation behind the iPhone, iPad, and MacBook became the first to reach a stock market valuation of $3 trillion (£2.2 trillion), before dropping to its current value of $2.8 trillion (£2.1 trillion).

    Since Mr. Cook took control in 2011, shareholder returns have increased by more than 1,000 percent.

    In the first week of March, Apple will conduct its annual shareholder meeting. Shareholder votes, on the other hand, are purely advisory, with Apple’s board of directors deciding on pay packages.

    Apple’s executive compensation package got the support of 95 percent of shareholders at last year’s meeting.

    Increasing dissent

    Companies in the United States and the United Kingdom are encountering more shareholder pressure on salary and compensation.

    In early 2021, asset management Blackrock, Exxon’s second-largest shareholder, more than doubled its votes against executive pay proposals in the Americas, compared to early 2020.

    In the United Kingdom, more than twice as many FTSE 100 businesses faced shareholder revolts in 2018 than in 2020, denouncing executive pay packages at a time when many employees were facing additional financial challenges as a result of the pandemic.

    To help pay for a huge social spending program, President Joe Biden and legislative Democrats have called for greater taxes on billionaires and big enterprises. By limiting executive salary deductions, the measure would raise nearly $16 billion.

    The idea would raise taxes to pay for federally sponsored paid family leave, increase education budgets, and climate change issues.

    In 2021, GE, IBM, and Starbucks all failed to gain a majority of shareholder support for executive pay. Last year, climate activists led shareholder revolts at ExxonMobil and Chevron, two major US oil companies.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleUK inflation rise to 30 year old high
    Next Article Wordle: New York Times changes upset fans
    Anjali Singh
    • Tumblr

    I'm Anjali Singh. Writing is what I do. I look out for opportunities where I can learn and grow. I'm a creative and witty person. I'm quite artistic & I admire the art of different forms.

    Related Posts

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    advertisement@unitedbusinessoutlook.com

    United Business Outlook Is An Online Magazine Providing Comprehensive Coverage And Analysis Of International Businesses From All Industries.

    We're social. Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn
    Top Global News

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2023 United Business Outlook | A Venture by Famezop Media.
    • Home
    • Get In Touch
    • Our Authors
    • Privacy & Policy

    Type above and press Enter to search. Press Esc to cancel.