Apple CEO Tim Cook To Take a 40% Pay Cut In 2023

Apple's recently released annual proxy statement has unveiled some surprising news regarding CEO Tim Cook's salary. The document reveals that Cook is slated to take a 40% pay cut in 2023 and the adjustment was made by the CEO himself. Endgadget reports that Apple's annual advisory meeting with the shareholders in 2022 saw that only 64% of the "Say on Pay" votes cast were in favor of executives retaining their 2021 pay packages. Although it was still a majority, the numbers are a far decline in a...