In 2023 Tim Cook's salary dropped by 33%

2023 was not a great year for Tim Cook. The boss of the apple brand has indeed earned less money on this year than the previous ones. While his salary, bonuses and dividends included, was $ 99 million in 2022, Cook decided in agreement with the Board of Directors to lower his income.He announced that he wanted to lower under the $ 50 million annual, but various bonuses have exploded the figures.

The boss of the apple brand has thus touched “only”$ 63.2 million in 2023.This sum is explained by various premiums which are added to the salary of 3 million dollars annual fixed that COOK receives. The boss of Apple earns a lot of money thanks to its more than 3 million Apple shares. He has also been paid with many performance bonuses. The latter automatically unlock if it reaches different objective to fix internally.

In detail, Tim Cook's salary is more or less like that:$ 47 million in equity bonuses, $ 10.7 million in premiums based on performance and $ 2.5 million in various compensation. As a reminder, Tim Cook has been working at Apple since March 1998, he has been the CEO since the departure of Steve Jobs in the summer of 2011.

Work at Apple, it pays

In addition to Tim Cook, other Cupertino thinking heads have unveiled their salary of 2023 in recent hours. This practice is compulsory for an American company, all these figures are grouped in a document visible by all, the declaration of proxy.

So we learn that apple brand frames like Luca Maestri, Kate Adams andJeff Williamswon nearly $ 27 million this year. This salary, much lower than that of the big boss, remains sufficient, however, to lead a luxurious lifestyle on the side of Cupertino.