Apple CEO Tim Cook Salary Cut: In 2022, Tim Cook earned $99.4 million. 

New Delhi:

Tim Cook Salary: According to a Bloomberg report, in the new year 2023, iPhone maker Apple Inc.

Chief Executive Officer (CEO) Tim Cook's salary is going to be cut.

The company has decided to reduce its CEO Tim Cook's salary by more than 40% to $49 million for the year 2023.

Let us tell you that in the midst of a continuous decline in the shares of the legendary company Apple, the company's investors as well as CEO Tim Cook himself had requested a cut in his compensation.

At the same time, last year i.e. in 2022, Tim Cook earned $ 99.4 million.

In which basic salary was $ 3 million, $ 83 million in the form of stock award and bonus amount was also included.

In the year 2022, his salary was slightly more than in the year 2021.

His total salary package in 2021 was $ 98.7 million.

The iPhone maker company has told in a regulatory filing on Thursday that the percentage of Apple's performance-linked stock units now held by Tim Cook will increase from 50% to 75% in 2023.

According to the company, as a change after this decision, the latest salary package has been decided keeping in mind the feedback of the shareholders, the performance of the company and the recommendations of CEO Tim Cook himself.