Apple CEO Tim Cook sells 196,410 share of Apple stock.
A federal judge has dismissed a lawsuit accusing Apple of overpaying CEO Tim Cook and other top executives by tens of millions of dollars by miscalculating the value of performance-based stock awards, reports Reuters.
The lawsuit claimed Apple miscalculated the value of performance-based stock awards to Cook and other senior execs. However, U.S. District Judge Jennifer Rochon in Manhattan said Apple described its pay methods in detailed compensation tables in its 2023 proxy statement, “precisely” as securities laws and U.S. Securities and Exchange Commission rules require.
Rochon also found no proof that Apple’s board of directors acted improperly in awarding pay, and said the plaintiff, a pension fund affiliated with the International Brotherhood of Teamsters, didn’t give the board enough time to consider its objections before suing.
Owlchemy Labs CEO Andrew Riche tells GamesIndustry.biz that Apple’s Vision Pro is the “biggest step…
KUXIU has debuted the KUXIU X33 Pro MAX IPad Magnetic Charging Stand for a variety…
Apple continues to look into ways to make the Vision Pro more comfortable for long…
Apple wants to make it easier to control multiple smart home devices with an iPhone.…
Apple’s iPhone shipments in Thailand were up 30% year-over-year (YoY) in quarter one (Q1)of 2024,…
In an era marked by increasing digital interconnectivity, the security of personal devices has become…