Mon, Mar 21st, 2022 - 4:33pm
January 14, 2023 - 6:00pm | By Kyle Cornell
(Cupertino, CA) -- Apple CEO Tim Cook is taking a 40-percent pay cut.
Cook's compensation totaled just under 83-million dollars in 2022 and he'll receive 49-million this year.
Cook requested the change in pay Thursday in response to 64-percent of shareholders approving his pay package last year, down from 95-percent approval for Apple's 2020 fiscal year.
In signing off on the pay cut the board still praised Cook's performance and said it has confidence in his long-term strategic decisions.
