Apple CEO Tim Cook's 2023 Compensation Drops 36% to $63.2 Million

Cook's pay cut likely aimed at avoiding layoffs during economic slowdown, with other Apple executives earning around $27 million each.

Apple CEO Tim Cook's compensation for 2023 was $63.2 million, a 36% reduction from his 2022 earnings of $99.4 million.
Cook's decision to take a pay cut was likely to avoid layoffs at Apple during an economic slowdown.
Cook's 2023 compensation included a $3 million base salary, $47 million in stock awards, $10.7 million in performance-based bonus awards, and $2.5 million in other compensations.
Other Apple executives, including Luca Maestri, Kate Adams, Deirdre O’Brien, and Jeff Williams, earned approximately $27 million each, mostly in stock awards.
For 2024, Cook’s target equity award is set at $50 million, with 75 percent of that subject to the company’s annual performance.