Billionaire Apple CEO Tim Cook Just Took a 40% Pay Cut Amid Shareholder Backlash — Here's What His Compensation Will Look Like This Year In 2022, Cook made just shy of $83 million in stock awards, $12 million in incentives and a $3 million salary, in addition to other extensive benefits.
Apple CEO Tim Cook saw a compensation package last year that most never will: $99.4 million.
In 2022, Cook made just shy of $83 million in stock awards, $12 million in incentives and a $3 million salary, along with benefits including retirement plan contributions, security, personal air travel, and more than $46,000 in vacation cash-out, according to CNBC.
"The compensation committee balanced shareholder feedback, Apple's exceptional performance, and a recommendation from Mr. Cook to adjust his compensation in light of the feedback received," Apple said in its annual proxy statement released Thursday.
Cook's base salary will remain at $3 million in 2023, the company said, and the CEO will also receive a $6 million bonus.
Apple Inc is down nearly 40% year over year.