• Apple CEO Tim Cook Voluntarily Cuts His 2023 Salary By 40% to $49 Million

    20 days ago - By Observer

    Apple CEO Tim Cook, one of the highest paid chief executives in the world, agreed to take a 40 percent pay cut in 2023 after hearing shareholder feedback, according to the Apple's annual proxy statement filed with the Securities and Exchange Commission Jan. 12.
    At Apple's annual advisory meeting in 2022, only 64 percent of “Say on Pay” votes cast were in favor of retaining Cook's pay package, compared with 95 percent in 2021. “Say on Pay” is a corporate governance rule that gives shareholders the right to vote on the compensation plans of their companies' highest-earning...
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