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Apple shareholders approve executive pay packages

MacDailyNews

Feb 25

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Apple shareholders approved the company’s latest executive compensation packages, based on preliminary vote tallies.The results were announced Tuesday during Apple’s virtual annual shareholder meeting. Outgoing General Counsel Kate Adams delivered the opening remarks, while CEO Tim Cook provided an overview of the company’s operations and fielded investor questions.

Mark Gurman and Samantha Kelly for Bloomberg News:
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Ahead of the meeting, Apple asked shareholders to approve proposals related to the pay packages and the board, and ratify Ernst & Young LLP as its independent auditing firm.
In early January, Apple announced that its pay package for Cook last year came in at roughly $74 million. That was in line with the year prior. One interesting wrinkle to this year’s proceedings is that Arthur Levinson, the company’s nonexecutive chairman, is staying put despite crossing Apple’s usually required retirement age of 75.

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