(Reuters) – Apple Inc shareholders approved Chief Executive Officer Tim Cook’s annual compensation in a virtual meeting on Friday, rejecting some investor concerns over the magnitude of his equity award.
Cook, who took the helm in 2011, last year received a compensation package with a total value of $98.7 million, a sum 1,447 times that of the average employee, thanks to a stock grant as part of a long-term equity plan.
He earned $14.8 million a year earlier.
(Reporting by Nivedita Balu in Bengaluru and Danielle Kaye in New York; Editing by Sriraj Kalluvila)
