Apple CEO Tim Cook to take more than 40% pay cut
New York, Jan 13: Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation partly based on a recommendation from Cook himself.
Apple Inc. said in a regulatory filing late Thursday that Cook's target total compensation is 49 million for 2023, with a
3 million base salary, and 6 million cash incentive both unchanged from the previous year and 40 million in equity awards.
Last March the Cupertino, California, company conducted an advisory shareholder vote on executive pay with 6.21 billion shares voted in favour of the executive pay package and 3.44 billion against.
There were also abstentions and broker non-votes.
Apple said its compensation committee took into account shareholder feedback, the company's performance and a recommendation from Cook, who was promoted to to CEO in 2011, to adjust his compensation in light of the feedback received.
Apple said Cook supported the changes to his compensation.
The company plans to to position Cook's annual target compensation between the 80th and 90th percentiles relative to its primary peer group for future years, according to the filing.
In 2021, Cook received a compensation package valued at 98.7 million. Just 3 million of that was salary. The vast majority came from a grant of restricted stock, valued at 82.3 million.
The company will hold its annual meeting March 10.
In early trading, Apple shares edged down to 132.38. The stock has declined about 23% in the past year.
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Organisation should be strengthened: Tharoor supports Digvijaya's views
New Delhi (PTI): Congress leader Shashi Tharoor on Sunday came out in support of the views of his party colleague Digvijaya Singh, saying the organisation should be strengthened.
At the 140th Foundation Day event at the Congress' Indira Bhawan headquarters, Tharoor was seated next to Digvijaya Singh and exchanged notes.
Ahead of the CWC meet on Saturday, Singh created a flutter by lauding the organisational power of RSS-BJP as he shared Narendra Modi's old picture and said how a grassroots worker went on to become the chief minister and prime minister by sitting at the feet of their leaders.
He also raised the issue of strengthening the Congress organisation at the grassroots level, asserting it was much needed in the fight against the ruling BJP and to oust it from power.
A day later, Digvijaya Singh said he had already stated whatever he had to say. "For 50 years I have been with the Congress party, and I have fought these communal forces, whether in the assembly, parliament or in the organisation," he noted.
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"I have basic differences and am opposed to their ideology. I have and will continue to fight against such people," Singh claimed. When asked to comment on his Saturday's remarks, he said, "Every organisation needs strengthening.
Tharoor, when asked to comment on the issue, said, "The organisation should be strengthened, there is no doubt."
On being seated next to Singh and whether the two exchanged views on the matter, Tharoor said, "We keep talking with each other, we are friends and talk to each other."
"It is the 140th foundation day of the Congress. It is a very important event for the party. It is a day in which we look back on our very remarkable history and the contributions the party has made to the nation," he also told reporters.
In a post on X, the Thiruvananthapuram MP said, "Today marks the 140th anniversary of the founding of the Indian National Congress, an organisation that played a pivotal role in leading India's struggle for independence from British rule."
"Since its first session in 1885, the party has remained a cornerstone of the nation's democratic journey and political evolution. The occasion was marked with solemnity and camaraderie at Indira Bhavan today," Tharoor said in his post.
Meanwhile, Congress leader Supriya Shrinate said, "I feel the BJP is distorting the intent of Digvijaya's post. The Sangh, which spreads hatred and gets inspiration from the ideology of Godse, who killed Mahatma Gandhi, we don't need to learn anything from them."
"We are the Indian National Congress, and we fought the freedom struggle against injustice and exploitation of the British rule, and turned it into a Jan Andolan. We don't need to learn anything from anyone; rather, others should learn from us," Shrinate claimed.
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Senior Congress leader Salman Khurshid said, "We have a lot in the Congress, and others should learn from the Congress instead. We certainly don't need to learn from the RSS as we oppose that ideology."
Another leader, Rajiv Shukla, said, "The roots of this party are so deep that they can never be wiped out."
#WATCH | Delhi | On Congress leader Digvijaya Singh praising the organisational strength of the Rashtriya Swayamsevak Sangh, Congress MP Shashi Tharoor says, "We have a history of 140 years, and we can learn a lot from it. We can learn from ourselves, too. Discipline is very… pic.twitter.com/NUfz7scRiu
— ANI (@ANI) December 28, 2025
