Many people want to have successful ventures and ultimately make their financial situation better. It is no wonder that the vast majority of the public believes that the owners of large companies earn so much money who, for now, don't even know what to do.
However, sometimes the scenario is not exactly like that. For example, Mr. cook, Apple CEO had his salary readjusted after a 40% cut.
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See below for updates on Tim Cook salary reduction
Although many don't believe it, this reduction in Tim Cook's salary happened not only because of investor guidelines, but also at the request of the businessman himself. After the readjustment, his new remuneration will be “only” US$ 49 million in 2023.
But despite this reduction, an increase from 50% to 75% of the American businessman's stock units linked to the performance of the apple.
Research reveals that last year, Cook earned about $99.4 million, with $3 million in base salary and $83 million in stock awards and a bonus. When compared to 2021, where compensation was $98.7 million, there has been a significant increase.
For the latest salary, shareholder feedback, Apple's exceptional performance, and Mr. Cook. In addition, the company intends to target annual CEO compensation between 80% and 90% of the main peer group for the coming years.
While Tim Cook's compensation may fluctuate based on how the company's stock performs, in 2022 salary US$ 3 million will be considered, plus a bonus of US$ 6 million and equity award of US$ 40 millions.
In addition to Cook's salary, the remuneration of financial director Luca Maestri, from General Counsel Kate Adams, Head of Retail Deirdre O'Brien and Chief Operating Officer Jeff Williams. All of these executives earn around $27 million.
