According to Apple’s annual proxy statement (PDF), Tim Cook’s pay is around 40% lower than the previous year – and the CEO himself endorsed it. Apparently, at the internet giant’s annual shareholder advisory meeting in 2022, just 64% of the “Say on Pay” votes made on CEO compensation proposals were in support of keeping their 2021 pay packages. While it is still a majority of votes, it reflects a dramatic drop in approval year over year. According to 9to5Mac, 94.9 per cent of shareholders who voted the previous year approved of the CEO remuneration recommendations.
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