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

Published 05/03/2022, 04:34 am
Updated 05/03/2022, 04:45 am
© Reuters. CEO Tim Cook speaks at an Apple event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam

(Reuters) - Apple Inc (NASDAQ:AAPL) 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.

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

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.

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