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Apple CEO Tim Cook's 2023 compensation reduced by 40% to $49 million

By Davit Kirakosyan Apple's (NASDAQ:AAPL) Compensation Committee approved changes to CEO Tim Cook's compensation. Cook’s 2023 target total compensation is $49 million, representing...
Apple CEO Tim Cook's 2023 compensation reduced by 40% to $49 million © Reuters. Apple CEO Tim Cook's 2023 Compensation Reduced by 40% to $49 Million
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By Davit Kirakosyan

Apple's (NASDAQ:AAPL) Compensation Committee approved changes to CEO Tim Cook's compensation. Cook’s 2023 target total compensation is $49 million, representing a reduction of over 40% from his 2022 target total compensation.

The percentage of performance-based RSUs granted to Mr. Cook was increased from 50% to 75% of his 2023 target equity award and the percentage of his performance-based RSUs will be at least 75% of his target equity awards for future years.

Shares of Apple stock fell 27% last year.

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07-02-2023 08:37:56 (UTC+7)

EUR/USD

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1.0739

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AUD/USD

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    EUR/USD 1.0739 ↑ Buy  
    GBP/USD 1.2045 ↑ Buy  
    USD/JPY 132.35 ↑ Sell  
    AUD/USD 0.6899 ↑ Buy  
    USD/CAD 1.3429 ↑ Sell  
    EUR/JPY 142.13 ↑ Sell  
    EUR/CHF 0.9953 Neutral  
    Gold 1,884.45 Buy  
    Silver 22.328 ↑ Buy  
    Copper 4.0445 ↑ Buy  
    Crude Oil WTI 74.75 Buy  
    Brent Oil 81.63 ↑ Buy  
    Natural Gas 2.492 Buy  
    US Coffee C 176.35 Neutral  
    Euro Stoxx 50 4,205.45 Neutral  
    S&P 500 4,111.08 ↑ Buy  
    DAX 15,345.91 Neutral  
    FTSE 100 7,836.71 Neutral  
    Hang Seng 21,339.00 ↑ Buy  
    Small Cap 2000 1,954.80 ↑ Sell  
    IBEX 35 9,159.20 ↑ Sell  
    BASF 52.950 ↑ Sell  
    Bayer 58.19 ↑ Sell  
    Allianz 219.30 Neutral  
    Adidas 155.36 ↑ Sell  
    Lufthansa 9.803 ↑ Buy  
    Siemens AG 142.96 Sell  
    Deutsche Bank AG 11.356 ↑ Buy  
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