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