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Apple CEO Tim Cook earned $63.2 million in 2023, down from $99.4 million in 2022, according to the Apple proxy statement that was released today.

Apple-Logo-Cash-Feature-Mint.jpg

Cook's total earnings included a $3 million base salary, $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensation, which included 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.

Cook owns a total of 3,280,053 shares of Apple stock at the current time, as well as an additional 1,291,086 RSUs that have not yet vested.

In 2023, Apple's board of directors, shareholders, and Cook himself decided to decrease Cook's compensation. His target award was $49 million, which was ultimately exceeded due Apple's performance. For 2024, Cook's target equity award is set at $50 million, with 75 percent of that subjected to performance-based vesting.

Other senior executives, including Luca Maestri, Kate Adams, Deirdre O'Brien, and Jeff Williams, earned approximately $27 million each, most in the form of stock awards.

Article Link: Apple CEO Tim Cook Earned $63.2 Million in 2023
 
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Reactions: danbuter
He should get 4 times that amount. He works harder than everyone who's going to comment in this thread; combined. If Apple had a tipping system, I'd be throwing my money his way. The guy needs more, because he's the head of my favourite corporate entity that makes a shiny new phone every year that I need to have.

Congrats Tim, from all of us at MacRumors, you've earned your salary and then.. enjoy your 23rd yacht! It's on us!
 
Tim should donate his money. $63 million is way more than enough to live comfortably.
Years ago, Fortune reported that Tim Cook was planning to donate his entire fortune.

 
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I wonder with all of that money and power and the ability to do anything and buy anything and go anywhere you literally want to if he is actually a happy person that enjoys his life.
 
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