Yearly Apple releases its annual proxy assertion to traders, which incorporates government compensation, amongst different issues. The assertion contains the annual pay of Apple CEO Tim Cook dinner. As per the assertion, Cook dinner exceeded his focused compensation for 2023. Regardless of a deliberate lower of 40% from the 2022 goal, Cook dinner’s precise earnings for the 12 months totaled $63,209,845, surpassing the $49 million purpose by roughly 28%.This comes after Cook dinner’s 2022 goal of $84 million, which he exceeded with a complete compensation of $99.4 million.

Cook dinner’s wage parts

The breakdown of Cook dinner’s 2023 compensation features a $3 million wage, inventory awards amounting to $46,970,283, non-equity incentive plan compensation of $10,713,450, and extra compensation totaling $2,526,112. Whereas the 2023 determine represents a 36% lower in comparison with his 2022 earnings, the substantial surpassing of the $49 million goal highlights Cook dinner’s continued influence on Apple’s success.
“The 2023 annual complete compensation of our CEO was $63,209,845, the 2023 annual complete compensation of our median compensated worker was $94,118, and the ratio of those quantities is 672 to 1,” Apple mentioned within the proxy submitting.
Apple has additionally disclosed that the median annual complete compensation for its workers in 2023 stood at $94,118, based on the proxy submitting. This revelation highlights the pay ratio of 672 to 1 between Apple CEO Tim Cook dinner and the median compensated worker.
Within the newest monetary disclosures from Apple, the corporate’s high executives’s annual compensation additionally got here to gentle Luca Maestri, serving as Chief Monetary Officer (CFO), earned $26,935,883 in annual compensation. Kate Adams, holding the place of Common Counsel and Secretary, reported a compensation of $26,941,705. Deirdre O’Brien, who serves because the Senior Vice President of Retail, had an annual compensation package deal. amounting to $26,937,010. In the meantime, Jeff Williams, the Chief Working Officer (COO), reported a complete compensation of $26,961,226.