<story><title>Norway&apos;s sovereign wealth fund to vote against Apple management&apos;s pay plan</title><url>https://www.reuters.com/technology/norways-sovereign-wealth-fund-vote-against-apple-managements-pay-plan-2022-02-27/</url></story><parent_chain><item><author>seaman1921</author><text>yeah, he probably has enough to just quit regardless of the vesting plan. just sounds like the wealth fund trying to gain some pr.</text></item><item><author>jedberg</author><text>It sounds like their biggest complaint is that the compensation vests too quickly, which means Tim Cook doesn&amp;#x27;t have an incentive to set Apple up for long term success.  They want the vesting to be longer to incentivize him.&lt;p&gt;But given that his net worth is already $2B, most of which is Apple stock, it seems like he&amp;#x27;s already incentivized to set Apple up for long term success, one because he has so much stock, and two because he&amp;#x27;s clearly not working for the comp, but for the love of the game.</text></item></parent_chain><comment><author>zeruch</author><text>The wealth fund doesn&amp;#x27;t need &amp;quot;PR&amp;quot;, as it&amp;#x27;s one of the world largest already (actually the largest, even surpassing Chinas and both of Singapores combined wealth funds) &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.swfinstitute.org&amp;#x2F;fund-rankings&amp;#x2F;sovereign-wealth-fund&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.swfinstitute.org&amp;#x2F;fund-rankings&amp;#x2F;sovereign-wealth-...&lt;/a&gt;&lt;p&gt;Its making a point about a position it&amp;#x27;s held for a while; that it closely scrutinizes all its investments, a habit it&amp;#x27;s had for a while, and one it attributes to it&amp;#x27;s success relative to the nations small size.</text></comment>
<story><title>Norway&apos;s sovereign wealth fund to vote against Apple management&apos;s pay plan</title><url>https://www.reuters.com/technology/norways-sovereign-wealth-fund-vote-against-apple-managements-pay-plan-2022-02-27/</url></story><parent_chain><item><author>seaman1921</author><text>yeah, he probably has enough to just quit regardless of the vesting plan. just sounds like the wealth fund trying to gain some pr.</text></item><item><author>jedberg</author><text>It sounds like their biggest complaint is that the compensation vests too quickly, which means Tim Cook doesn&amp;#x27;t have an incentive to set Apple up for long term success.  They want the vesting to be longer to incentivize him.&lt;p&gt;But given that his net worth is already $2B, most of which is Apple stock, it seems like he&amp;#x27;s already incentivized to set Apple up for long term success, one because he has so much stock, and two because he&amp;#x27;s clearly not working for the comp, but for the love of the game.</text></item></parent_chain><comment><author>matsemann</author><text>Why would the wealth fund need PR..?</text></comment>