The change in Cooku2019s compensation package will apply solely to his stock awards, which in recent years have made up more than half of his total pay as Appleu2019s stock price and market cap have surged. In the 2023 fiscal year, Cook will earn $40 million in equity awards, down from $75 million in 2022.
Image source- statista The decision was made after last yearu2019s shareholder vote, in which just 64% of Apple shareholders voted to approve Cooku2019s compensation package, significantly less than the 95% who approved it in fiscal year 2020.What do you think about this step of international tech giant? Do you think this step would in practical grounds be valid enough?
