Cook’s decrease in income is likely due to his personal decision to cut his salary in order to avoid laying off employees.
In 2023, Cook, Apple’s shareholders, and the Board of Directors decided to cut the CEO’s salary to compensate for layoffs that Cook viewed as a last resort.
Cook’s compensation breakdown shows he received $3 million in base salary, $47 million in stock awards, $10.7 million in performance bonuses and $2.5 million in other compensation (including contributions, insurance premiums, vacation pay, security expenses and a personal airplane). including his journey) shows that he won.
Note that Cook currently owns 3,280,053 shares of Apple.
Source: Ferra
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