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Apple CEO Tim Cook’s Pay Rises 18%; Company Says It Opposes Shareholder Proposal To End DEI Policy
Apple CEO Tim Cook collected a total compensation package of $74.6 million in 2024, up from $63.2 million in 2023 but well below his 2022 haul.
The proxy also signaled the February 25 date of the company’s annual shareholder meeting, which is when a set of proposals are put to a vote. Apple had a solid 2024 but experienced some headwinds due to the high level of expectations it set with iPhone sales, which account for half of the tech giant’s total revenue. Despite some friction in its hardware business, Apple shares still rose by more than 30% in 2024, giving the company a market valuation of $3.6 billion.
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