Tim Cook, CEO of technology giant Apple, will see a 1 percent discount this year. 41.6% Total remuneration for his duties as head of the iPhone maker after the executive himself recommended a salary adjustment following criticism from the multinational’s shareholders.
“Compensation Committee balanced shareholder feedback, “Apple’s outstanding performance and advice to adjust Mr Cook’s compensation in light of the feedback received.”
In this way compensation target Cook’s 2023 receivable is set at $49 million (euro 45 million), 41.6% below the target of $84 million (euro 78 million) for fiscal 2022.
Specifically, the Apple CEO will continue to get paid 3 million dollars (2.8 million euros) base salary, He will receive the same jackpot he has received every year since 2016, and the same $6 million (5.5 million euros) bonus as in 2022.
However, the target value of Apple’s CEO compensation set for the company’s stock component has been reduced to: 40 million dollars (37 million euros), compared to $75 million (€69 million) last year.
Likewise, stock weighted the company’s performance to 75%Compared to the 50% set in Cook’s compensation package for 2022.
“Given Apple’s comparative size, scope and performance, Compensation Committee He plans to position Mr. Cook’s compensation target for years to come between 80 percent and 90 percent relative to our main peer group.”
In this sense, Apple “after the consultative vote” “Say It Paid” After 2022 shareholder commitments and discussions with Cook himself, the Compensation Committee approved compensation for 2023 while responding to shareholder feedback, while also commending Cook’s exceptional leadership, which they believe continues to align salary with performance and shareholder interests.”