Vote of the Week: Apple

Vote of the Week: AppleZoom inDownload PDF

In our “Vote of the Week,” we discuss Apple, which received a 61% favorable vote after receiving votes above 80% in both 2012 and 2011. The decrease in the Say on Pay vote may be attributable to criticisms from proxy advisors on large, non-performance based biennial grants to all NEOs (excluding the CEO), coupled with lack of stock holding requirements and low levels of stock ownership across the NEO team. Shareholders may have also been influenced by a 31% drop in TSR since the end of fiscal-year 2012.