Institutional Shareholder Services (ISS) urged Apple Inc
shareholders to vote against Chief Executive Officer Tim Cook's remuneration,
citing concerns about the size and structure of his equity award.
Apple's annual shareholder meeting will take place in the
first week of March.
"There are serious concerns about the design and
magnitude of CEO Cook's equity award in FY21... Half of the awards are devoid
of performance criteria "ISS stated in a letter dated Wednesday.
Cook received a salary of $3 million (roughly Rs. 20 crores)
in 2021. In addition, he received $82.3 million (approximately Rs. 620 crore)
in stock awards, $12 million (approximately Rs. 90 crore) for exceeding Apple's
targets, $1.4 million (approximately Rs. 10 crore) for air travel, 401(k) plan,
insurance premiums, and other benefits.