[ad_1]
Apple (AAPL) Tuesday announced the prices and features of TV +, the new Netflix (NFLX) competitor. It will cost you $ 4.99 a month, which is $ 2 less than Disney (DIS) Disney + streaming product coming soon. Both TV + and Disney + will broadcast TV shows and original films to subscribers.
It is common for executives to withdraw from the board when the companies they work for are rivals with the companies they lead. And with the regulatory control of Silicon Valley warming in general, it seems like the time has come for both parties to separate. Apple's board of directors had previously been watched by the Federal Trade Commission for its links with its competitors. Eric Schmidt, the former Google CEO, left Apple's board of directors in 2009 after Google's Android became a viable competitor for Apple's iPhone and that the agency raises questions about this relationship.
In Apple's previous regulatory reports on Iger, the company had stated that Apple had entered into "non-arm's length commercial agreements" with Disney, including content licensing agreements. But Apple said it did not believe that Mr. Iger had a "direct or indirect material interest" in these negotiations.
Iger had been on Apple's board of directors since November 2011, a month after the death of former CEO Steve Jobs.
At Apple, Iger chaired the corporate governance committee and served on the compensation committee. He is one of the highest paid CEOs in the world: his total compensation at Disney was $ 65.6 million last year. Iger has long been criticized for his high salary, most notably by Disney's heiress, Abigail Disney, who has spoken bluntly about Iger's pay.
Iger received a salary of $ 125,000 and a $ 250,000 stock to serve on Apple's board of directors. At the end of last year, Iger owned $ 11 million of Apple 's stock.
[ad_2]
Source link