Investor group calls on shareholders that it is strange that Apple CEO Tim Cook's salary is more than 10 billion yen, which is 1477 times the average employee

Apple CEO Tim Cook received $ 99 million in annual salary in 2021, 1447 times higher than the average employee, and a group of investors told the company's shareholders. It is clear that we are proposing to oppose the payment of salaries. '

Apple chief Tim Cook faces shareholder revolt over $ 99m pay package | Apple | The Guardian
https://www.theguardian.com/technology/2022/feb/17/apple-tim-cook-pay-package-shareholders

ISS urges Apple shareholders to vote against CEO Cook's bonus | Reuters
https://www.reuters.com/technology/apple-shareholder-iss-urges-vote-against-ceo-cooks-bonus-2022-02-16/

Tim Cook's $ 99 million bonus for 2021 at risk over shareholder advisory group concern --9to5Mac
https://9to5mac.com/2022/02/16/tim-cooks-99-million-bonus-for-2021at-risk-over-shareholder-advisory-group-concern/

The Institute Shareholder Services (ISS), an investor advisory group, said that salaries paid to CEO Cook in 2021 'had significant design and scale concerns' and 'lacked performance standards.' , Recommends Apple shareholders to ask Cook to review CEO's salary.

According to Forbes, the economic newspaper, Cook is a millionaire with $ 2.3 billion in personal wealth and has often spoken about social and economic inequality. Cook's salary for 2021 is $ 3 million (about 350 million yen) for basic salary, $ 82.3 million (about 9.5 billion yen) for stock incentives, and $ 12 million (about 1.4 billion yen) for achieving the target. The total amount is $ 98,734,395 (about 11 billion yen) including other payments. That's 1447 times the annual salary of a typical Apple employee.

Apple is one of the companies that has taken advantage of the demand for remote work and online lessons, and on the contrary, has soared the stock price while many technology companies have dropped their stock prices due to the influence of the new coronavirus. In January 2022, it became the first company in history to reach a market capitalization of 3 trillion dollars (about 350 trillion yen).

Apple's market capitalization exceeds about 340 trillion yen, becoming the world's first $ 3 trillion company-GIGAZINE

Shareholders are increasingly dissatisfied with the amount of salary the CEO of a company receives, and in 2021 failed to get more than 50% of shareholder support for paying the CEO among S & P 500 companies. It is reported that the number of companies that did this was the highest ever.

However, the ISS's criticism of Cook's salary is merely a 'recommendation to shareholders,' and the board will not be forced to take any action. In addition, although votes were also held for paying salaries to CEO Cook in 2021, only about 5% of the votes were negative.

In addition, Apple told the Financial Times of the economic newspaper, 'In 2021, we celebrated the 10th anniversary of Tim Cook's leadership as CEO. It is a remarkable 10 years for Apple, and in 2021 Has been awarded the Equity Award for the first time since Cook took office as CEO. '