Apple’s executive compensation was under scrutiny again yesterday after it emerged that John Browett, head of its retail operations, received a share award worth more than $55m when he was appointed last month.
Only last week Tim Cook, Apple’s chief executive, was named among the highest-paid executives in corporate America. On Friday, a regulatory filing revealed that Mr Cook will waive up to $75m of dividends, payable on his withheld stock over the next nine years, as long as he stays at the company.
Apple poached Mr Browett in January from Dixons, the UK electronics retailer, after Ron Johnson, his predecessor at the iPhone maker, became chief executive at JC Penney, the department store chain.
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