Apple disclosed in a regulatory filing on Jan 12 that it will reduce Cook’s target compensation to US$49mil (RM212.43mil) in 2023 from US$84mil (RM364.18mil) in 2022. — AFP
CUPERTINO, California: Technology giant Apple is cutting chief executive Tim Cook’s compensation by more than 40%, citing investor guidance and a request from Cook himself to adjust his pay.
The company disclosed in a regulatory filing on Jan 12 that it will reduce Cook’s target compensation to US$49mil (RM212.43mil) in 2023 from US$84mil (RM364.18mil) in 2022.
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