Tim Cook to take 40 percent Apple pay cut in 2023 ...Middle East

The Hill - Technology
Tim Cook to take 40 percent Apple pay cut in 2023
source : The Hill ( Middle East ) () 105
Apple CEO Tim Cook plans to take a 40 percent pay cut in 2023 compared to his total compensation from last year.  The company said in a filing with the Securities and Exchange Commission (SEC) on Thursday that Cook’s total target compensation for this year will be $49 million, down from the $84 million total target compensation he had in 2022.  Cook’s total compensation for 2023 is based on a $3 million base salary, a $6 million cash incentive and $40 million in equity awards, the filing states.  Apple’s compensation committee makes decisions about compensation before the start of each fiscal year and sought to balance feedback from shareholders, the company’s “exceptional” perfo

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