Apple CEO’s Pay Cut 40% in 2023 After Shareholder Feedback

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Apple CEO’s Pay Cut 40% in 2023 After Shareholder Feedback

Bloomberg2023-01-13

Company says that Tim Cook himself requested the changeCEO stands to make about $49 million in 2023 compensationTim Cook. Photographer: David Paul Morris/BloombergApple Inc. is cutting Chief Executive...

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kasrani marni
·2023-01-14
[Salute] [Allin]
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Miker9110
·2023-01-14
O
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LuckyPiggie
·2023-01-13
USD 49M per yr ... waaaa no wonder inflation so high. [Grin] envy envy I earn only 49 per day [Spurting] [Facepalm]
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- 新虎分析:
  [Like]
  2023-01-15
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JQC
·2023-01-13
👌
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Tanyl
·2023-01-13
Good decision
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runningjames
·2023-01-13
Good
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ParrySKLow
·2023-01-13
Nice
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JoeLeong
·2023-01-13
[Smile]
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Photographer: David Paul Morris/BloombergApple Inc. is cutting Chief Executive...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-12/apple-s-cook-to-take-pay-cut-in-2023-that-it-says-he-requested?srnd=technology-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-01-12/apple-s-cook-to-take-pay-cut-in-2023-that-it-says-he-requested?srnd=technology-vp","article_id":"1166113910","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166113910","pubTimestamp":1673564698,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Company says that Tim Cook himself requested the changeCEO stands to make about $49 million in 2023 ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"股东反馈后，苹果首席执行官2023年减薪40%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Company says that Tim Cook himself requested the changeCEO stands to make about $49 million in 2023 compensationTim Cook. 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The company also plans to “position Mr. Cook’s annual target compensation between the 80th and 90th percentiles relative to our primary peer group for future years,” Apple said.Apple has drawn criticism from groups such as Institutional Shareholder Services about Cook’s previous compensation package, but a majority of shareholders voted to approve it last year. ISS, a top advisory firm, complained that Cook’s stock would continue to vest post-retirement and that half of the rewards didn’t depend on performance criteria like the company’s share price.The $49 million in target compensation includes the same $3 million salary and $6 million bonus as in 2022, as well as an equity award value of $40 million. His equity award value in 2022 was $75 million. Cook’s actual total compensation for 2023 could fluctuate based on the company’s stock performance.Cook, 62, has pledged to give away his wealth to charitable causes.It’s rare for CEOs to recommend their own compensation be docked. Pay packages have gotten increasingly lavish, and 2021 was a record year for executive compensation, according to Bloomberg data.But shareholders have increasingly pushed back on such packages. A record number of so-called say-on-pay votes failed in 2021, which may have reflected shareholders’ frustrations with how companies performed during the pandemic, according to Mercer.Apple also disclosed 2022 compensation for Chief Financial Officer Luca Maestri, General Counsel Kate Adams, retail chief Deirdre O’Brien and Chief Operating Officer Jeff Williams. 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[Grin] envy envy I earn only 49 per day [Spurting] [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9958099174","repostId":1166113910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105566122,"gmtCreate":1673717509063,"gmtModify":1673717522102,"authorId":3582640878386673,"author":{"id":3582640878386673,"authorId":3582640878386673,"name":"新虎分析","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"60.24%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9958099174,"type":1,"supId":0,"prevId":0,"content":"[Like]","text":"[Like]","html":"[Like]"}],"langContent":"EN"},{"id":9951752760,"gmtCreate":1673571136751,"gmtModify":1676538857463,"author":{"id":"4106387998711340","authorId":"4106387998711340","name":"JQC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951752760","repostId":1166113910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951762896,"gmtCreate":1673568360315,"gmtModify":1676538856913,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Good decision&nbsp;","listText":"Good decision&nbsp;","text":"Good decision","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951762896","repostId":1166113910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951711745,"gmtCreate":1673565942787,"gmtModify":1676538856280,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951711745","repostId":1166113910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951719792,"gmtCreate":1673565655217,"gmtModify":1676538856232,"author":{"id":"3582026529372712","authorId":"3582026529372712","name":"ParrySKLow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":1},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951719792","repostId":1166113910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9951710130,"gmtCreate":1673565415621,"gmtModify":1676538856158,"author":{"id":"3582643296059275","authorId":"3582643296059275","name":"JoeLeong","avatar":"https://static.tigerbbs.com/b6b27c46f3780eb973e5ec1292ab73ec","vip":1,"hat":"https://static.tigerbbs.com/622fc56f7e67b5729addb4e78a195511","crmLevel":2,"crmLevelSwitch":0},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9951710130","repostId":1166113910,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":213,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}