Apple CEO Tim Cook took a $4 million pay cut this year, after he urged the company's board of directors to link half of his stock grants -- which make up the bulk of his compensation -- to the company's performance on Wall Street. Cook made the decision out of a "strong desire to set a leadership example in the area of CEO compensation and governance," Apple said in a filing Sunday, CNN reports. The pay cut represents just 10 percent of Cook's overall compensation, which includes a $1.4 million ...
Apple CEO Tim Cook took a $4 million pay cut this year, after he urged the company's board of directors to link half of his stock grants -- which make up the bulk of his compensation -- to the company's performance on Wall Street. Cook made the decision out of a "strong desire to set a leadership example in the area of CEO compensation and governance," Apple said in a filing Sunday, CNN reports. The pay cut represents just 10 percent of Cook's overall compensation, which includes a $1.4 million ...
Share this Article
Recommended