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AAPL Apple Inc

183.78
10.75 (6.21%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Apple Inc NASDAQ:AAPL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.75 6.21% 183.78 183.35 184.00 187.00 182.66 186.645 163,224,774 05:00:00

Apple CEO Tim Cook Takes Steep Pay Cut, as Expected

11/01/2024 10:45pm

Dow Jones News


Apple (NASDAQ:AAPL)
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From Nov 2023 to May 2024

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By Will Feuer

Apple Chief Executive was paid about $63.2 million in 2023, a more than 36% drop from 2022, after the company decided to rework its executive-compensation strategy following shareholder feedback and a request from Cook himself.

Apple said early last year that Cook had asked for his target compensation to be reduced to around $49 million.

Cook's base salary of $3 million has remained the same since at least 2021. His stock awards, though, dropped to just under $47 million in 2023, down from about $83 million in 2022 and $82 million in 2021, according to the company's proxy filing, published Thursday.

The company's other top officers, including Chief Financial Officer Luca Maestri and Chief Operating Officer Jeff Williams, saw their total compensation remain largely unchanged over the past three years.

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

January 11, 2024 17:30 ET (22:30 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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