Apple CEO Tim Cook (Tim Cook) has asked to adjust his salary due to the company’s shareholders’ disappointment with Apple’s stock price in the past year. It is expected that he will cut his salary by 50% in 2023. Cook served as Apple CEO after the death of Jobs. His salary in 2021 and 2022 is $98.8 million and $99.4 million, respectively. According to a regulatory document submitted by Apple on Thursday, his target salary in 2023 is adjusted to $49 million. Ten thousand U.S. dollars. Cook’s salary cut is mainly share dividends. His dividends will be reduced from $75 million last year to $40 million this year. The base salary of $3 million and the bonus of $6 million remain unchanged. Apple’s stock price has fallen 23% in the past 12 months, and some company shareholders have expressed concern.
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