Apple CEO Tim Cook

Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on ...

In midday trading, Apple shares edged down to $133. Apple said last year it sought feedback from shareholders about compensation and it received “overwhelming support for Mr. There were also abstentions and broker non-votes.

Apple CEO Tim Cook will receive a 40% cut to his target compensation in 2023 following the company's latest shareholder vote.

The change in Cook’s compensation package will apply solely to his stock awards, which in recent years have made up more than half of his total pay as Apple’s stock price and market cap have surged. The significantly closer vote came amid pressure by Apple’s institutional shareholders and compensation committee to revise Cook’s compensation. Cook’s actual compensation for the year will likely be higher as his total compensation for 2022 was $99 million, nearly 18% higher than his target of $84 million. Apple shares are relatively unchanged in Friday trading. Cook’s target compensation for 2023, as set by shareholders, will total $49 million. - The decision to reduce Cook’s came in response to pressure by institutional shareholders, after just 64% of shareholders approved of Cook’s 2022 compensation package.

Apple is targeting a more than 40 percent cut to Tim Cook's pay package in 2023, it said, at the request of the chief executive following shareholder ...

Cook to adjust his compensation in light of the feedback received.” Analysts have downgraded revenue forecasts for the December quarter—Apple’s most lucrative period—with the consensus now anticipating revenues will not match the $124 billion earned a year earlier. Its shares have fallen more than 20 percent in the past 12 months. In recent years Cook’s net worth has ballooned to $1.7 billion, according to Forbes, thanks to his largely stock-based compensation as Apple shares had soared. Cook as the primary reason for their voting decision.” Cook’s base salary was unchanged at $3 million, as well as a bonus of up to $6 million.

Apple posted its proxy filing on the 2023 Annual Meeting of Shareholders and the 113-page report reveals that CEO Tim Cook is getting a salary reduction in ...

The other four senior executive officers at Cupertino did not receive a slash in their salary or incentives.Tim Cook at the launch of iPhone 14 series. Apple posted its proxy filing on the 2023 Annual Meeting of Shareholders and the 113-page report reveals that CEO Tim Cook is getting a salary reduction in 2023. His base salary of $3 million and the annual cash incentive of $6 million remain unchanged, with the big difference coming from an adjustment of his equity award value.

Apple CEO Tim Cook will take a more than 40 per cent pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly ...

Personal finance contributor Christopher Liew shares some practical tips to help you and your family prepare. Canadian investors who made it through a tumultuous 2022 face further uncertainty in the year ahead amid increased recession risk. CTVNews.ca looks at some of the skills that will be most in-demand in 2023. In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply. In midday trading, Apple shares edged down to US$133. [Your financial action plan for 2023 amid a potential recession](https://www.ctvnews.ca/business/your-financial-action-plan-for-2023-amid-a-potential-recession-1.6202189) Cook's exceptional leadership and the unprecedented value he has delivered for shareholders....Those shareholders we spoke with that did not support our 2022 Say on Pay proposal consistently cited the size and structure of the 2021 and 2022 equity awards granted to Mr. [How to help your money grow in 2023 against a backdrop of economic uncertainty](https://www.ctvnews.ca/business/how-to-help-your-money-grow-in-2023-against-a-backdrop-of-economic-uncertainty-1.6215601) [MORE Business News](https://www.ctvnews.ca/business) Real estate broker shares some tips](https://www.ctvnews.ca/business/thinking-of-buying-or-selling-a-home-in-2023-real-estate-broker-shares-some-tips-1.6217044) These skills will be in high demand in 2023, experts say](https://www.ctvnews.ca/business/looking-for-a-job-or-career-change-these-skills-will-be-in-high-demand-in-2023-experts-say-1.6220659) There were also abstentions and broker non-votes.

Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation.

Cook’s exceptional leadership and the unprecedented value he has delivered for shareholders....Those shareholders we spoke with that did not support our 2022 Say on Pay proposal consistently cited the size and structure of the 2021 and 2022 equity awards granted to Mr. In midday trading, Apple shares edged down to $133. Apple said last year it sought feedback from shareholders about compensation and it received “overwhelming support for Mr.

Apple CEO Tim Cook's compensation totaled $99.4 million last year, but following shareholder feedback, the company will reduce it in 2023. Read more, here.

"The compensation committee balanced shareholder feedback, Apple's exceptional performance, and a recommendation from Mr. Are You Asking It Already? [Tim Cook Has Hinted at Apple's Metaverse Plans and Said It's Investing in the Potential It Sees There](https://www.google.com/url?client=internal-element-cse&cx=017434570840715504003:nmmcvx4rara&q=https://www.entrepreneur.com/business-news/tim-cook-has-hinted-at-apples-metaverse-plans-and-said/415708&sa=U&ved=2ahUKEwidy-ug6MT8AhU-EVkFHbukCHAQFnoECAcQAg&usg=AOvVaw3gHoeAZvkXrh6WmhqIql_1) [10 Quotes from Tim Cook on Inspiration, Intuition and Everything in Between](https://www.google.com/url?client=internal-element-cse&cx=017434570840715504003:nmmcvx4rara&q=https://www.entrepreneur.com/slideshow/305313&sa=U&ved=2ahUKEwis9cqJ6MT8AhXcFFkFHT83DXkQFnoECAQQAg&usg=AOvVaw0SNZRx2C40wQTp0hDaYaAA) [rocky state of tech](https://www.entrepreneur.com/business-news/meta-and-apple-have-fallen-off-this-list-of-best-places-to/442823) and Apple's own [plunging shares](https://www.entrepreneur.com/en-in/news-and-trends/apple-shares-hit-lowest-since-june-2021/441917), the tech giant is reducing Cook's target pay package to $49 million — 40% lower than it was in 2022, per the outlet. [billionaire](https://www.entrepreneur.com/business-news/apple-ceo-tim-cook-hits-billionaire-status/354580) has agreed to a pay cut this year following shareholder feedback, [CNN Business](https://www.cnn.com/2023/01/13/tech/tim-cook-apple-pay-cut) reported.

Apple CEO Tim Cook recommended the company cut his pay this year after shareholders rebelled.

“The compensation committee balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr. Supply chain bottlenecks and fears that a global economic slowdown would crimp demand also dragged down its stock. But shareholders voted against Cook’s pay package after Apple’s stock fell nearly 27% last year. Cook’s outstanding leadership.” 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. [Tim Cook](https://edition.cnn.com/2021/08/24/tech/tim-cook-apple-ceo-ten-years/index.html) recommended the company cut his pay this year after shareholders rebelled.