Apple CEO Tim Cook takes a $35 million pay cut in 2023

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...

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