. 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. But shareholders voted against Cook’s pay package after Apple’s stock fell nearly 27% last year. The vote is nonbinding, but the board’s compensation committee said Cook requested the reduction. “The compensation committee balanced shareholder feedback, Apple’s exceptional performance, and a recommendation from Mr.
Cook’s base salary of $3 million will stay the same, the company said, as well as a $6 million bonus. The board said it believes Cook’s new pay package is “responsive to shareholder feedback, while continuing both to align pay with performance and to recognize Mr. Cook’s outstanding leadership.” The tech boss, who has headed up Apple since 2011, is estimated to have a personal wealth of $1.7 billion, according to Forbes.
How is Tim expected to feed himself and pay rent on only $49 Million?
Even Tim Apple isn't exempt from the Biden Economy.
I don’t feel as though Tim will be upset by this.
$49 mil is better than nothing 🤑🤑🤑🤑
Рецесія.Світовий економічний крізіс.
My heart bleeds.
How is anybody worth this much money?
Tim C̶o̶o̶k̶ Apple agrees to a massive pay cut.
Good. All Apple products are now 1/2 price!
Oh no! Tim's gonna have to start couponing!
So, a pay cut from an insane amount of money to .... an insane amount of money then. He won't even notice.