Apple recently released its annual proxy statement for shareholders, which reveals a range of financial details about the company, according to 9to5mac.
The most notable is that Tim CookApple’s CEO, had a total compensation of $63 million, equivalent to approximately SEK 646 million, in 2023. This is a large decrease compared to 2022 – when his compensation amounted to a whopping $99.4 million (approximately SEK 1 billion).
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Tim Cook’s total compensation in 2023
Tim Cook’s target for compensation in 2023 was set at $49 million (around SEK 500 million) by Apple, a 40 percent decrease compared to the target for 2022.
In the end, however, it turned out that Cook’s total compensation for the year was significantly higher than the target, more precisely $63,209,845. This is still a decrease of approximately 36 percent compared to the previous year.
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The distribution of Tim Cook’s compensation
The breakdown of Tim Cook’s compensation from Apple was as follows:
Apple states that the total annual compensation per person for the company’s employees in 2023 was $94,118 (around SEK 966,000) on average. This means a salary difference of 672 to 1 between Tim Cook and the average employee at Apple.
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The information and text in the article is produced using AI tools. It is then processed and fact-checked by Nyheter24.