Apple CEO Tim Cook was paid nearly £100m for running the company last year, despite shareholders being urged to vote against the company's pay plan.
Shareholders from advisory firm ISS urged investors in tech giant Apple to vote against the company's pay plan at the annual meeting on 4 March, says Bloomberg.
CEO Tim Cook was paid $99m for last year, made up of $82m in stock awards, a $12m cash bonus, $3m in salary and other compensation. Half of the stock award is time- based as opposed to being tied to performance objectives. It is the first new share-related scheme Cook has received since getting $750m awarded on taking over from Steve Jobs in 2011.
Jane Fraser, chief executive officer of Wall Street bank Citigroup, was paid $22.5m for her first year in the job, says The WalI Street journal.
Her pay packet for 2021 consisted of $14.8m in performance based restricted stock, a $6.4m cash bonus, and $1.3m in salary.Michael Corbat, her predecessor at Citi, had been paid $19m for 2020, following a $400m fine imposed on the bank for failing to improve risk- management systems.
