Why Did Apple CEO Tim Cook Take A Large Pay Cut?

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Tim Cook, Apple CEO,
has taken a pay cut of
$35 million due to global
economic challenges.

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Cook's pay will drop from $84
million in 2022 to $49 million in
2023, at his own recommendation.

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The pay change is entirely
from an adjustment in his
equity value.

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Cook's base salary of $3
million and his annual cash
incentive of $6 million will
remain the same.

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Apple's board adjusted
Cook's compensation based
on feedback, performance
and his recommendation.

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Cook's total compensation
in 2022 was $99.4 million
according to the SEC filing.

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Apple's market cap has dropped $1
trillion from its peak a year ago due
to production challenges in China.

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Apple's manufacturing in
China has been impacted
by a fresh wave of Covid
infections.

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Apple's market cap has
dropped, but other tech
companies have seen
bigger percentage declines.

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Why Did Apple CEO Tim Cook Take A Large Pay Cut?

Tim Cook, Apple CEO,
has taken a pay cut of
$35 million due to global
economic challenges.

Cook's pay will drop from $84
million in 2022 to $49 million in
2023, at his own recommendation.

The pay change is entirely
from an adjustment in his
equity value.

Cook's base salary of $3
million and his annual cash
incentive of $6 million will
remain the same.

Apple's board adjusted
Cook's compensation based
on feedback, performance
and his recommendation.

Cook's total compensation
in 2022 was $99.4 million
according to the SEC filing.

+
+
+

+ + +

Apple's market cap has dropped $1
trillion from its peak a year ago due
to production challenges in China.

Apple's manufacturing in
China has been impacted
by a fresh wave of Covid
infections.

Apple's market cap has
dropped, but other tech
companies have seen
bigger percentage declines.

Liked What You Saw?
View More

More

Why Did Apple CEO Tim Cook Take A Large Pay Cut?

Tim Cook, Apple CEO,has taken a pay cut of$35 million due to globaleconomic challenges.

Cook's pay will drop from $84million in 2022 to $49 million in2023, at his own recommendation.

The pay change is entirelyfrom an adjustment in hisequity value.

Cook's base salary of $3million and his annual cashincentive of $6 million willremain the same.

Apple's board adjustedCook's compensation basedon feedback, performanceand his recommendation.

Cook's total compensationin 2022 was $99.4 millionaccording to the SEC filing.

+ + +

+ + +

Apple's market cap has dropped $1trillion from its peak a year ago dueto production challenges in China.

Apple's manufacturing inChina has been impactedby a fresh wave of Covidinfections.

Apple's market cap hasdropped, but other techcompanies have seenbigger percentage declines.

Liked What You Saw?View More

More

Tim Cook, Apple CEO,
has taken a pay cut of
$35 million due to global
economic challenges.

Cook's pay will drop from $84
million in 2022 to $49 million in
2023, at his own recommendation.

The pay change is entirely
from an adjustment in his
equity value.

Cook's base salary of $3
million and his annual cash
incentive of $6 million will
remain the same.

Apple's board adjusted
Cook's compensation based
on feedback, performance
and his recommendation.

Cook's total compensation
in 2022 was $99.4 million
according to the SEC filing.

+
+
+

Apple's market cap has dropped $1
trillion from its peak a year ago due
to production challenges in China.

Apple's manufacturing in
China has been impacted
by a fresh wave of Covid
infections.

Apple's market cap has
dropped, but other tech
companies have seen
bigger percentage declines.

Liked What You Saw?
View More