Apple CEO Tim Cook Could Earn Nearly $50 Million in Compensation This Year

Apple CEO Tim Cook could receive close to $50 million in compensation if Apple meets all of its financial goals, shareholders decided today in an annual meeting that was highlighted by Bloomberg.

Apple Logo Cash Feature Mint
Cook is set to receive a $3 million base salary, a $6 million cash bonus, and stock awards that are worth approximately $40 million. Cook's salary is down around 50 percent, as he received $99 million in 2022. His pay will be tied closely to overall company performance, with the shift introduced after shareholders became upset about his pay package.

Shareholders approved a proposal that will see executive salary decided with an annual vote, and other Apple executives will earn around $27 million each in 2023. This includes chief operating officer Jeff Williams, general counsel Katherine Adams, retail head Deirdre O'Brien, services chief Eddy Cue, software head Craig Federighi, chief financial officer Luca Maestri, and others.

Several measures that Apple asked investors to reject did not receive enough votes to pass. Shareholders had proposed a civil rights audit on Apple's diversity efforts, called for Apple to report on its reliance on China on an annual basis, and asked Apple to report on pay gaps at the company.

All Apple board members were reelected, despite proposals calling for the removal of Al Gore and ‌Tim Cook‌.

Top Rated Comments

CE3 Avatar
16 months ago
Random comment: I know it’s cash inside the logo, but whenever I see this image accompanying an article it always looks like cigarette butts to me upon first glance ?
Score: 37 Votes (Like | Disagree)
xpxp2002 Avatar
16 months ago
Joke's on them. I'd be CEO for half that pay. ?
Score: 32 Votes (Like | Disagree)
xpxp2002 Avatar
16 months ago

Executive pay is ridiculous but $50 million seems a small price to pay to run a $2.5T company.
The same argument could be made for any contributor who helps keep a $2.5T running.

I single-handedly support systems at a multi-billion dollar company that would experience significant customer loss and value if those systems failed. Yet, unsurprisingly, I don't make anywhere near what the CEO does.

Maybe it is time to bring executive pay in line with those who deliver and sustain just as much value, just without the C-level title.
Score: 26 Votes (Like | Disagree)
cocky jeremy Avatar
16 months ago
After a few years of that, you can't be in it for the money anymore.
Score: 23 Votes (Like | Disagree)
TheYayAreaLiving ?️ Avatar
16 months ago
Apple CEO Tim Cook could receive close to $50 million in compensation if Apple meets all of its financial goals, shareholders decided today in an annual meeting that was highlighted by Bloomberg ('https://www.bloomberg.com/news/articles/2023-03-10/apple-investors-reelect-board-reject-measures-company-opposed').

Apple is going to have to release more than a Yellow iPhone to do that this year. We need cutting-edge innovation from Apple.
Score: 22 Votes (Like | Disagree)
klasma Avatar
16 months ago

After a few years of that, you can't be in it for the money anymore.
You’d be surprised. Even among billionaires, the envy never stops.
Score: 16 Votes (Like | Disagree)

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