Apple CEO Tim Cook Again Nears $100 Million Annual Pay In Fiscal 2022 But Company Plans To Slash His Pay 40% This Year After “Shareholder Feedback”

deadline.com:

Apple CEO Tim Cook came close to $100 million in total compensation for the second straight year, taking home $99.4 million in fiscal 2022, according to a proxy statement filed with the SEC.

The filing notes that Apple’s compensation committee plans to slash the top exec’s pay by more than 40% compared with the target amount for last year in the wake of “feedback” from displeased investors.

His target amount for fiscal 2023 is $49 million. “Taking into consideration Apple’s comparative size, scope, and performance, the Compensation Committee also intends to position Mr.

Cook’s annual target compensation between the 80th and 90th percentiles relative to our primary peer group for future years,” the filing notes.