12/10/2023 0 Comments Tim cook![]() Investors in the Cupertino, Calif.-based iPhone maker also let it be known that they had a “preference for a higher percentage of Mr. Cook’s total target compensation due to the size of his 20 equity awards,” the SEC filing stated. Last year, 64% of Apple shareholders approved of Cook’s compensation - which was down from the 95% voter approval for fiscal year 2020.Īpple shareholders expressed “concern over the amount of Mr. Apple is targeting a more than 40 per cent cut to Tim Cook’s pay package in 2023, it said, at the request of the chief executive following shareholder criticism. His reduced pay was a reaction to the backlash from Apple shareholders to his previous $98.7 million annual salary, which amounted to more than 1,447 times the median wage of a company employee. Apple Watch faces US import ban after feds rule it violated patentĪpple expected to unveil new Macs at special event dubbed ‘Scary Fast’Īpple CEO Tim Cook tight-lipped following Hamas attacksĪpple CEO Tim Cook rakes in $41M after dumping 511,000 sharesĪpple CEO Tim Cook voluntarily took a 40% pay cut this year in response to shareholder backlash over his 2022 pay, but don’t feel too sorry for him.Ĭook, whose net worth was calculated by Forbes to be around $1.7 billion, will take home $49 million in total compensation in 2023, according to filings submitted to the Securities and Exchange Commission.
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