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Apple CEO Tim Cook Salary Cut: iPhone maker Apple has made an enormous lower within the wage of its Chief Executive Officer (CEO). The Bloomberg report mentioned that Apple’s CEO Tim Cook himself had requested the corporate to regulate his pay. After this, his wage has been lowered by greater than 40 %.
How a lot wage shall be obtained after discount
Tim Cook’s wage shall be $ 49 million i.e. 4 billion rupees after an enormous lower within the wage of Apple’s CEO. During the yr 2022, Cook obtained an quantity of $ 99.4 million. This included $3 million fundamental wage, $83 million in inventory awards and bonuses. Earlier throughout 2021, Tim Cook was paid a complete of $ 9.87 million.
Tim Cook’s inventory share elevated
The firm knowledgeable within the regulatory submitting that beneath the brand new package deal given to Cook, the proportion items of the inventory have been elevated from 50 % to 75 %, which shall be based mostly on the efficiency of the corporate’s inventory Apple. The firm knowledgeable within the submitting that the package deal supplied to Cook has been determined based mostly on shareholder suggestions, the corporate’s efficiency and Cook’s request.
Criticism of final yr’s package deal
Last yr’s package deal of Tim Cook was criticized. Many shareholders had opposed final yr’s package deal given to the CEO, however a lot of the shareholders voted in favor of this package deal. Let us inform that the worth of Tim Cook’s fairness award final yr was $75 million.
Will donate property
The CEO of Apple has determined to donate his wealth to charitable work. Talking concerning the fall within the shares of the corporate final yr, it has fallen by 27 %. However, thus far this yr, the shares of the corporate have elevated by 2.7 per cent. The market cap of the corporate is $2.122 trillion.
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