Your Custom Text Here
Apple CEO Tim Cook has agreed to cut his pay this year after shareholders rebelled.
The world’s largest tech company said it would reduce Cook’s target pay package to $49 million, 40% lower than his target pay for 2022 and about half Cook’s $99.4 million total compensation that he was granted last year.
The vast majority of Cook’s 2022 compensation — about 75% — was tied up in company shares, with half of that dependent on share price performance. READ MORE
Apple Chief Executive Tim Cook's pay package for the fiscal year 2023 is expected to be smaller than last year.
Don't worry about Cook, though it may be 40% lower, but the target is still $49 million.
According to regulatory filings, his compensation will depend more on how well the iPhone maker's shares perform relative to market peers. READ MORE
Largely motivated by employee wages that have stagnated in the face of growing inflation and seeing workers at companies like Starbucks successfully unionize, retail workers are hoping to push the world’s most valuable company to improve worker conditions and pay levels. Apple currently has over 500 retail locations worldwide and over 270 in the United States. READ MORE