| Cult of Mac

Apple shareholders approve 40% pay cut for CEO Tim Cook at annual meeting


Tim Cook in Ukrainian colors during the Peek Performance event
Even Tim Cook agrees Tim Cook was being paid too much.
Screenshot: Apple

Apple CEO Tim Cook will earn considerably less in 2023 than he did in the last two years. The pay cut comes at the recommendation of the company as well as Cook himself. And it was approved Friday at Apple’s annual shareholder’s meeting.

In addition, five proposals made by shareholders for changes at the company were also voted down at the meeting.

Shareholders approve civil rights audit of Apple policies


Shareholders approve civil rights audit of Apple policies
The proposal for the civil rights audit pointed out that Apple’s executive team is mostly white men.
Image: Apple/Cult of Mac

Apple shareholders voted Friday to require an audit looking into whether the company’s policies have a negative impact on the civil rights of its employees and customers.

Apple’s Board of Directors opposed the idea, claiming the company is already committed to respecting civil rights.

Apple ‘rolling the dice’ on its upcoming products


Tim Cook takes home $125 million for Apple’s best year since 2009
Tim Cook said today he’s “never been more optimistic” about the direction Apple is going.
Photo: Jim Merithew/Cult of Mac

Apple CEO Tim Cook is very upbeat about where his company is going. He told investors today that upcoming Apple products will “blow you away.”

Cook also indicated that Apple’s magic pipeline isn’t just brining more of the same. Cupertino is branching out.

Shareholders easily vote down attempt to make Apple more conservative


steve jobs theater
A proposal made to Apple shareholders today in the Steve Jobs Theater would require board members reveal their “ideological perspective.”
Photo: Apple

A handful of Apple shareholders argued today that the company’s board of directors needs more conservative voices.

CEO Tim Cook responded that Apple has policies, not political beliefs. And a vote on the conservative proposal found very little support.

Apple’s 2018 shareholder meeting will take place in Steve Jobs Theater


steve jobs theater
The Steve Jobs Theater in all its glory.
Photo: Apple

Apple’s next Annual Meeting of Shareholders will take place on Tuesday, February 2018 at the Steve Jobs Theater at the Apple Park Campus.

Due to limited seating in the venue, Apple has asked shareholders to register in advance of the meeting should they wish to attend. “We anticipate there may be more shareholders who would like to attend than we have seats to accommodate,” Apple notes.

Apple seeks to silence activist shareholders at its annual general meeting


Apple could be a $2 trillion company by end of 2021
Apple doesn't want to talk sustainability or human rights at its 2018 AGM.
Photo: Ste Smith/Cult of Mac

Apple may be very happy to talk environmental issues and human rights when it suits it to do so — but not at its shareholder meetings.

According to a new report, Apple is “pushing back” on four activist shareholder proposals to discuss these issues at its annual general meeting (AGM) early in 2018. The reason? Because Apple says they relate to “ordinary business” and are already areas that Apple is dealing with. In other words, don’t worry about it!