Apple Cuts Down CEO Tim Cook's Pay By 40% | Apple cut CEO's salary!

Publish Date: 15 Jan, 2023 |
 

iPhone maker Apple has made a big cut in the salary of its Chief Executive Officer (CEO). The Bloomberg report said that Apple's CEO Tim Cook himself had requested the company to adjust his pay. After this, his salary has been reduced by more than 40 percent.

Tim Cook's salary after reduction

Tim Cook's salary will be $ 49 million i.e. 4 billion rupees after a big cut in the salary of Apple's CEO. During the year 2022, Cook received an amount of $ 99.4 million. This included $3 million basic salary, $83 million in stock awards and bonuses. Earlier during 2021, Tim Cook was paid a total of $ 9.87 million.

Last year's package of Tim Cook was criticized. Many shareholders had opposed last year's package given to the CEO, but most of the shareholders voted in favor of this package. Let us inform that the value of Tim Cook's equity award last year was $75 million.

 

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