Apple CEO Tim Cook himself recommended the 40% cut in his pay. Apple CEO has taken a huge pay cut brought about by his own recommendation. Tim Cook will be receiving $49 million as compensation for 2023, with the amount being subjected to more than a 40% drop.
Apple has slashed CEO Tim Cook's pay by 40 percent following a recent shareholder vote questioning his massive compensation package. Cook's pay will be more closely tied to Apple's stock performance, which was weak in 2022.