Apple shareholders in protest vote on pay

At least a third of Apple s shareholders have declined to back the company's executive pay at its annual meeting, after chief executive Tim Cook was given a 51 per cent increase in his basic salary last year and other members of the management team were given big equity awards.

The rise in shareholder dissatisfaction comes as the company tries to deal with a slump in the share price, growing competition to the iPhone and demands for greater payouts from its cash pile ... READ MORE

Released by the Financial Times - 27 February 2013