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Apple CEO Tim Cook's Pay Rises 18%
Posted
January 19, 2025
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January 19, 2025
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0:27Now PlayingApple Inc. disclosed a 18% pay increase for Chief Executive Officer Tim Cook ahead of its annual meeting next month, while also saying it opposed a shareholder measure calling for an end to the company’s diversity program. #apple #ceo #worldnews
Cook’s compensation grew to $74.6 million in 2024, compared with $63.2 million the prior year, Apple said in its annual proxy filing on Friday. In addition to executive compensation, investors will vote on four outside proposal at the meeting on Feb. 25. The company opposed all of them.
The measure about Apple’s diversity, equity and inclusion, or DEI, efforts urged the company to consider abolishing the program because it may discriminate against employees and draw lawsuits. The company said the proposal was an inappropriate attempt to restrict Apple’s business operations and that it already assesses legal and regulatory risks.
Cook’s pay was made up of a $3 million base salary, $58.1 million in stock awards, and roughly $13.5 million in additional compensation. The raise mostly comes from an increase in stock award value.
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