Tim Cook is getting paid round 40 p.c decrease than final 12 months, in line with the annual proxy assertion (PDF) Apple has launched — and the CEO himself really useful it. Apparently, throughout the tech large's annual advisory assembly for shareholders in 2022, solely 64 p.c of the "Say on Pay" votes solid concerning the compensation proposals for executives was in favor of retaining their 2021 pay packages. While that's nonetheless majority of the votes, it represents a major year-over-year decline in approval. As 9to5Mac notes, 94.9 p.c of the shareholders who voted the earlier 12 months was in favor of the compensation proposals for executives.
To resolve this 12 months's pay packages, Apple's Compensation Committee took into consideration the Say on Pay's voting outcomes and Tim Cook's personal advice "to adjust his compensation in light of feedback received." For 2023, Cook's goal wage is $49 million, down $35 million from his goal wage in 2022. His base pay remains to be $3 million and…
2023-01-13 01:55:14
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