Tim Cook salary – pressnews

[ad_1] Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc's investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook. Apple will hold its annual shareholder meeting on March 10. The ISS stance, published in a research note on Friday, comes after the iPhone maker had slashed Cook's 2023 compensation target by more than 40% to $49 million. Cook's salary will also depend more on how well the company's shares perform relative to market peers, according to regulatory filings by the company. "Continued monitoring of the pay program is warranted to ensure that pay magnitude is supported by continued strong performance by the company," ISS said in a note. The proxy advisory firm also recommende...

[ad_1] 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...

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ISS urges Apple shareholders to vote for CEO Tim Cook, other execs’ pay packages

PUSHBACK! Apple Cuts CEO Tim Cook’s Salary By Over 40%