Apple CEO Tim Cook's 2024 Pay Rises to $74.6 Million

The 18% increase in compensation is attributed to higher stock awards, while the company faces scrutiny over shareholder proposals and privacy issues.

Tim Cook's 2024 compensation rose to $74.6 million, up from $63.2 million in 2023, driven primarily by increased stock awards.
The pay package includes a $3 million base salary, $58.1 million in stock awards, $12 million in performance-based bonuses, and $1.5 million in other benefits such as private travel and security costs.
Cook's 2024 pay remains below his 2022 total of $99.4 million, which led him to voluntarily reduce his compensation in 2023 after shareholder criticism.
Apple's board recommended no changes to Cook's 2025 compensation plan, citing his continued strong performance as CEO.
At the upcoming February 25 shareholder meeting, Apple has opposed proposals to end its diversity, equity, and inclusion programs and to provide additional reports on AI ethics and charitable giving.

The Hollywood Reporter