Apple CEO Tim Cook will earn $63m for 2023 - 36% less than in 2022

By: Elena Shcherban | 13.01.2024, 15:19

Apple recently released its annual investor statement, revealing a number of details about executive compensation. Among other things, the document includes information about Apple CEO Tim Cook's earnings.

Here's What It Costs

So, in 2023, Apple decided to cut Tim Cook's salary and planned to pay him $49 million. But the CEO ended up getting more - $63,209,845. But this is still 36% less than the amount that the CEO received at the end of 2022.

The salary of the head of Apple was only $3 million. Another $10.7 million was incentive plan compensation, $46,970,283 in stock bonuses and just over $2.5 million in other expenses, which included life insurance, holiday pay, security costs and personal airfare.

Incidentally, on top of that, Apple spent $820,309 on Cook's personal security.

Source: 9to5mac

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