PUSHBACK! Apple Cuts CEO Tim Cook’s Salary By Over 40%
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Apple Inc. is cutting CEO Tim Cook’s salary by more than 40% to $49 million in 2023.
Apple Inc. is cutting Chief Executive Officer Tim Cook's salary by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. As part of the changes, the percentage of stock units awarded to Cook and tied to Apple's performance will increase to 75% in 2023 from 50%, as well as in future years, the company said in a regulatory filing Thursday. For 2022, Cook received compensation of $99.4 million, including $3 million in base salary, about $83 million in stock awards and a bonus. That was up slightly from 2021, when his total pay package was $98.7 million. Cook's latest pay was based on “balanced shareholder feedback, Apple's exceptiona...