Apple boss Tim Cook to take more than 40% pay cut
Apple chief executive Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation from Mr Cook himself.
Apple said in a regulatory filing that Mr Cook’s target total compensation is $49m (€45m) for 2023, with a $3m (€2.8m) base salary, and $6m (€5.5m) cash incentive – both unchanged from the previous year – and $40m (€37m) in equity awards.
