Tim Cook

Apple boss Tim Cook faces backlash to £73m pay package

Institutional Shareholder Services (ISS) said it has "significant concerns" over the size of the award, up from $14.8m the year before.

Mr Cook, whose net worth is reportedly more than £1bn, received the pay in shares, salary, and for other costs.

The BBC has contacted Apple for comment.

In a letter to shareholders, the ISS said there are "significant concerns" over the "design and magnitude" of the package. "Half of the award lacks performance criteria," ISS said.

Apple: Fake news is killing minds

In an impassioned plea, Cook, boss of the world's largest company, says that the epidemic of false reports "is a big problem in a lot of the world" and necessitates a crackdown by the authorities and technology firms.

He calls for a campaign similar to those that changed attitudes on the environment to educate the public on the threat posed by fabricated online stories. Made-up news reports trying to promote a particular agenda gained huge traction on social media in the US during the election.

Apple share price down 3% on Monday


After the email was sent, Apple share price regained ground by 2%.

Some analysts believe Apple’s stock is falling because it places inordinate faith in its smartphone the iPhone at a time when smartphone sales globally are beginning to peak.