Apple CEO’s income plummets

Apple CEO’s income plummets

Apple CEO Tim Cook’s income fell sharply in 2023, he earned $63.2 million

Apple CEO Tim Cook’s income fell sharply: in 2023, he earned $63.2 million (about 5.5 billion rubles) compared to $99.4 million (about 8.7 billion rubles) in 2022. This is stated in the company’s official report.

The source notes that Cook’s total earnings include $3 million (about 264.3 million rubles) in base salary, $47 million (about 4.1 billion rubles) in shares, $10.7 million (about 943 million rubles) ) in the form of bonuses based on performance and 2.5 million dollars (about 220 million rubles) in the form of other compensation.

In addition, Cook is known to own a total of more than three million Apple shares, as well as one million RSU shares that have not yet been vested.

The report notes that in 2023, Apple’s board of directors, shareholders and Cook himself decided to reduce the remuneration of the head of the company. It was planned that he would receive 49 million dollars (about 4.3 billion rubles), but in the end this amount was increased due to the successful work of the company.

Cook previously said that he was thinking about his resignation. He noted that the next head of the IT giant should be a person who is well acquainted with its specifics.

Source: Lenta

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