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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Apple boss Tim Cook to have pay slashed by over 40% this year after backlash

Apple Tim Cook

Apple chief executive Tim Cook will be taking a pay cut of more than 40% this year after criticism from Apple shareholders.

The chief executive requested the reduction himself after fewer than two-thirds of Apple investors supported his pay package at the firm's annual meeting in 2022.

In a filing to the United States Securities and Exchange Commission published on Thursday, Apple's compensation committee awarded the Apple boss a total "target compensation" of $49million (£45.1million) for 2023.

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