Apple posted its proxy filing on the 2023 Annual Meeting of Shareholders and the 113-page report reveals that CEO Tim Cook is getting a salary reduction in 2023. It amounts to $35 million - the top executive will earn $49 million, down from $84 million last year. His base salary of $3 million and the annual cash incentive of $6 million remain unchanged, with the big difference coming from an adjustment of his equity award value. The other four senior executive officers at Cupertino did not receive a slash in their salary or incentives. Tim Cook at the launch of iPhone 14 series. Image...
Source: https://www.gsmarena.com/tim_cook_takes_a_pay_cut_of_35_million_for_2023-news-57183.php
