Shareholder advisory Institutional Shareholder Services said shareholders should vote against Apple CEO Tim Cook’s $99 million pay package at the company’s annual meeting March 4. ISS said they opposed the 2021 package because half of it wasn’t pegged to company performance, meaning that even if the 61-year-old retired the shares would continue to vest, according to Bloomberg. Cook’s...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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