Apple has slashed CEO Tim Cook’s pay by 40 percent following a recent shareholder vote. ( Poor baby)
Apple has slashed CEO Tim Cook’s pay by 40 percent following a recent shareholder vote questioning his massive compensation package. Cook’s pay will be more closely tied to Apple’s stock performance, which was weak in 2022.
CNBC reports that according to a filing with the SEC, Apple CEO Tim Cook will receive a significant pay cut in 2023. According to the filing, Cook will receive $49 million in total compensation, which is $34 million less than the previous year.Read more at CNBC here.
Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan
Steve Jobs was paid $1.00 --- but Apple covered all his expenses.
The Bobs must've asked him "So what do you say you actually....do....here?"
It's so secret, I don't even know.
Actually, there's a potential for a huge payout here because so much of his salary is going to be tied to Apple stock, which is at historic lows.