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Apple's Proxy Report Highlights Executive Compensation

Apple's annual proxy report outlines CEO Tim Cook's increased 2024 compensation of $74.6 million, driven largely by stock awards. Shareholders are urged to vote against four external proposals at the upcoming meeting, including one opposing Apple's ongoing diversity, equity, and inclusion initiatives, submitted by the National Center for Public Policy Research. Apple argues this proposal is unnecessary and would improperly limit its business operations. The company maintains its commitment to ethical business practices and active management of legal risks. Despite industry shifts, Apple continues to support its DEI programs.

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