--- title: "Apple shareholders urged to not vote in favor of CEO Tim Cook's swelling Bonus" description: "Apple shareholders are urging the investors to vote against the CEO Tim Cook's Swelling Bonus and the reason for not voting in favor is the equity hol" author: "Sanjay Goenka" published: 2022-02-17 canonical: https://www.mindstick.com/news/1420/apple-shareholders-urged-to-not-vote-in-favor-of-ceo-tim-cook-s-swelling-bonus category: "apple" tags: ["apple", "technology", "internet", "technology news"] reading_time: 3 minutes --- # Apple shareholders urged to not vote in favor of CEO Tim Cook's swelling Bonus > Apple shareholders urged to vote against the CEO Tim Cook’s swelling bonus. The data reveals the total income of Tim Cook in 2021 was $98.7 million (740 crores) when compared with $14.8 million (110 crores) in 2020. CEO Tim Cook has **received a salary of $3 million (INR 20 crore) in 2021.** #### ![Apple shareholders urged to not vote in favor of CEO Tim Cook](https://www.mindstick.com/usernews/641521/1c849650-d35e-4570-b707-a0f458a6e634/images/d0301dde-e0d4-4cf4-a96e-ca9e5233f629.jpeg)\ #### Highlighted Points - CEO Tim Cook has received a total stock unit of 333,987 last year. - The authority ISS has calculated the awarded amount of Tim Cook is $75 million (560 crores). - Cook has taken about $ 3 million (20 crores) rupees in salary. **Read More: [Does Ukraine Cyberattack involve Russia as an attacker?](https://www.mindstick.com/news/1415/does-ukraine-cyberattack-involve-russia-as-an-attacker)**\ The advisory firm **Institutional [Shareholder](https://www.mindstick.com/news/1547/blackberry-trying-to-settle-shareholder-lawsuit-over-blackberry-10-to-avoid-trial) Services (ISS)** urged the Inc investors to not vote in favor of Chief [Executive Officer](https://answers.mindstick.com/qa/38479/name-the-media-professional-who-has-been-appointed-by-the-board-of-control-for-cricket-in-india-bcci-as-its-first-chief-executive-officer) Tim Cook’s remuneration, citing concerns about the magnitude and structure of his equity award. The [news](https://www.mindstick.com/developersection/news) has been released that Apple will **hold its first shareholder meeting in the first week of March.** ISS said on Wednesday in a letter “There are significant [concerns regarding](https://answers.mindstick.com/qa/101595/what-are-the-main-concerns-regarding-climate-change-in-the-usa) the design and magnitude of the equity award made to CEO Cook in FY 21…Half of the award lacks performance criteria,” the authority told on Wednesday in a letter. The Authority has also revealed some of the data of Tim Cook’s Equity as he took home $3 million (roughly 20 crores) as a salary, received 83.2 million (INR 620 crore) in the stock award, $12 million (INR 90 crore) for hitting’s Apple target, he also received $1.4 million (INR 10 crore) for [air travel](https://answers.mindstick.com/qa/46919/i-m-not-a-frequent-flier-what-do-i-need-to-know-about-air-travel), and he also bagged 401 (K) plan, [insurance premiums](https://answers.mindstick.com/qa/107292/how-does-my-health-affect-life-insurance-premiums), and others. In terms of the total award, **he received in 2021 is $98.7 million (roughly 740 crores)** compared to **$14.8 million (roughly 110 crores) in the previous year in 2020.** He has already received the equity as **333,987 restricted stock units** in 2011 when the first stock grant [happened as](https://answers.mindstick.com/qa/42771/what-happened-as-agriculture-became-entrenched-in-the-south) part of a long-term equity plan. His account will be eligible to get more units in 2023. #### ![Apple shareholders urged to not vote in favor of CEO Tim Cook](https://www.mindstick.com/usernews/641521/1c849650-d35e-4570-b707-a0f458a6e634/images/1119a9f5-e761-4b61-9ac5-72f1f3e0b866.jpeg)\ #### ISS state “Half of the $75 million (INR 560 crore) award is purely time-based and the award would continue to vest in full in the event of his [retirement](https://www.mindstick.com/articles/12260/why-it-is-essential-to-be-proactive-about-your-retirement-financial-planning),” the authority said. The giant company Apple has denied mentioned any comment regarding the news and referred to the company’s proxy filing detailing Cook’s performance-based compensation. **Read More: [Disney Will Oversee Metaverse Strategy, Appoints Executive](https://www.mindstick.com/news/1414/disney-will-oversee-metaverse-strategy-appoints-executive)** --- Original Source: https://www.mindstick.com/news/1420/apple-shareholders-urged-to-not-vote-in-favor-of-ceo-tim-cook-s-swelling-bonus Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.