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Apple Defeats Lawsuit Claiming It Overpaid Tim Cook and Other Execs
Apple will not have to face an investor lawsuit accusing it of overpaying CEO Tim Cook and other top executives by tens of millions of dollars, after...
Apple will not have to face an investor lawsuit accusing it of overpaying CEO Tim Cook and other top executives by tens of millions of dollars, after a federal judge on Wednesday dismissed the case (via Reuters). The alleged error was attributed by the pension fund's lawyers to the committee's improper calculation of the restricted stock unit's "fair values" at the time of the grants, and said it misled shareholders who would be casting advisory votes on executive compensation, known as "say-on-pay." Apple Vision Pro launched in the U.S. on Friday, and there are already several YouTube videos that demonstrate using the headset for remote work, gaming, in-flight entertainment, watching sports, and more.
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