Apple CEO Tim Cook’s Salary in 2023: Revealed
Have you ever wondered how much Tim Cook Earns as CEO of Apple? Considering his enormous responsibility, it’s a fair question. Cook has been instrumental in shaping the company’s business since the death of Steve Jobs, putting him among a rarefied group of CEOs.
Tim Cook took home a whopping $63.2 million (roughly Rs. 523 crore) as compensation for FY 2023. That’s a lot of money, but it’s actually less than what he earned in 2022. Why? Well, that was intentional. Cook requested a 40 percent reduction in his total compensation after receiving a recommendation from Apple’s compensation committee.
According to a report by The Hollywood Reporter via AppleInsider, Apple’s recent filing with the Securities and Exchange Commission (SEC) revealed that Tim Cook earned $3 million in base salary, $47 million in stock-based bonuses and $10.7 million in non-equity incentive compensation. and other compensation of $2.5 million.
By comparison, Cook earned a total of $99.4 million in the 2022 fiscal year, although his base salary remained unchanged at $3 million. The difference in compensation is due to equity awards totaling $83 million, as well as non-equity awards of $12 million and other awards of $1.4 million.
If you’re curious about how much other CEOs like Microsoft’s Satya Nadella make, the numbers are pretty similar. Nadella earned $48.5 million in 2023, according to The Register. But not all CEOs earn the same amount. For example, Google CEO Sundar Pichai will make a whopping $226 million in 2022, while Shantanu Narayen, chairman and CEO, Adobe will make $31 million in 2022.
