Apple CEO Tim Cook is taking a big pay cut this year, the company said today
Tim Cook is seen in Phoenix, Arizona, on Dec. 6, 2022. Photo: Caitlin O'Hara/Bloomberg via Getty ImagesCook's total compensation target for 2023 will be $49 million, which is 40% lower than last year, the company said in anThe company's board committee on executive compensation "balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. Cook to adjust his compensation in light of the feedback received," the report states.
The changes “are responsive to shareholder feedback, while continuing both to align pay with performance and to recognize Mr. Cook’s outstanding leadership,” per the filing.
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