Apple Inc. is cutting Chief Executive Officer Tim Cook’s compensation by more than 40% to $49 million in 2023, reports said. Tim Cook had in year 2022 received compensation of $99.4 million, including $3 million in base salary, about $83 million in stock awards and a bonus. Tim Cook had requested a pay cut and will be receiving an almost 50 per cent reduction in his compensation package at the company this year.

Tim Cook Pay Cut:

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