Number one in Cupertino for over ten years now,Tim Cook is a go-to guy for investors looking for details on the health of his company. But among the questions from shareholders there is also that of executive remuneration, which amounts to$98.7 millionfor Steve Jobs' protégé in 2021.
This sum is equivalent to more than 88 million euros. It consists of bothtitres AAPLunlocked after a certain amount of time with the company and rewards for hitting certain profit targets.With $123.9 billion in revenue in the fourth quarter, the score is also on the rise.
A question of timing?
For Norway's sovereign wealth fund, however, this is apparently not enough. The entity manages a portfolio holding1,03% d’Apple, making it its eighth largest investor,far behind Berkshire Hathaway (Warren Buffet). A position of choice still allowing it to oppose with a certain echo the most strategic decisions of the iPhone manufacturer.
Among them, that of Tim Cook's salary, here criticized for its amount considered too high. According to Norges Bank Investment Management, in charge of the file,the CEO would indeed be leaving, which seems to be confirmed by certain rumors for several months. Thanking him in this way while he is about to collect incredible end-of-contract compensation would then be exaggerated.
See you in three days
This is the4 marsthat Apple shareholders will meet to close the subject. An annual meeting where Tim Cook will also be present, and where other concerns could be raised such as those concerning working conditions at Foxconn in Asia.
Do you think the principal's salary is reasonable? Response Friday.
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By : Keleops AG
