Jan 14, 2024 16:00:00

Apple's CEO's salary is 9.1 billion yen, still less than 5.2 billion yen compared to the previous year

It has been revealed that Apple CEO Tim Cook's annual compensation package for fiscal year 2023 was $63.2 million (approximately 9,106 million yen). In addition, Cook CEO's annual compensation package in the previous fiscal year was $ 99.4 million (approximately 14.4 billion yen), so this is a reduction of $ 36.2 million (approximately 5.24 billion yen).

Apple CEO Tim Cook's Annual Pay in 2022: $63 Million – The Hollywood Reporter

https://www.hollywoodreporter.com/business/business-news/apple-ceo-tim-cook-pay-package-1235746635/

The Hollywood Reporter reported that documents filed by Apple with the Securities and Exchange Commission have revealed the breakdown of Apple CEO Tim Cook's annual compensation package for fiscal year 2023. According to this, Cook CEO's base salary for fiscal year 2023 will be $3 million (approximately 435 million yen), with stock compensation of $47 million (approximately 6.81 billion yen) and non-stock compensation of $10.7 million (approximately 1.55 billion yen), and other compensation (mostly security costs) was 2.5 million dollars (approximately 362 million yen).

In comparison, CEO Cook's base salary for fiscal year 2022 will be $3 million, stock compensation of $83 million (approximately 12 billion yen), non-stock compensation of $12 million (approximately 1.74 billion yen), and other compensation. is 1.4 million dollars (about 203 million yen).

According to reports, CEO Cook has accepted a reduction in his annual compensation package as a result of `` Say on Pay,' ' a system in which shareholders are asked whether they approve or disapprove of executive compensation. Still, the performance share (performance-based stock compensation plan) in fiscal year 2023 appears to have increased by 75%.

Apple recorded record sales in its services sector in the fourth quarter (July-September) of fiscal year 2023. CEO Cook said, ``We currently have our strongest product lineup ever for the holiday season, including the iPhone 15 lineup and the first carbon-neutral Apple Watch model, all of which will be available by 2030.'' 'We have achieved a major milestone in our commitment to make more of Apple's products carbon neutral.'

In addition, in January 2024, Apple

announced that former Vice President Al Gore , who had been a member of the board of directors since 2003, would retire from the board. At the same time, Apple announced the retirement of James Bell from its board of directors and the appointment of Wanda Austin, former CEO of Avex Aerospace Corporation, as a new director.

Commenting on the board changes, CEO Cook said, ``We are deeply grateful for Al and James' contributions to Apple over the years. Their insight, energy, and values have made us stronger in many ways. For more than 20 years, Al has brought incredible value to our work, from his unconditional support for protecting user privacy to his unparalleled knowledge of environmental and climate issues. 'Mr. James' dedication has been exceptional, and we are grateful for the critical perspective and deep expertise he has provided over the years in audit, finance, and beyond.' Masu.