CEO of a tech giant Manzana, Tim CookThis year will decrease a 41.6% The compensation The amount received for receiving duties responsible for the producer iPhoneAfter the executive himself recommended A Adjusting your taxes After criticism from the multinational company’s shareholders.

“The compensation committee balanced shareholder feedback, Apple’s exceptional performance, and Mr. Cook’s recommendation to adjust his compensation in light of the feedback received,” the company said.

Thus, Cook’s 2023 compensation goal was established 49 million dollars41.6% below the target of $84 million for fiscal year 2022.

In particular, Apple’s CEO will continue to receive a base salary 3 million dollarsThe same he’s been getting every year since 2016 and will receive a $6 million bonus as in 2022.

However, the target value set for the company’s stock component of Apple’s CEO compensation was lowered 40 million dollarscompared to last year’s $75 million.

Similarly, returns in equities have increased 75% Compared to the weight of the company’s performance fifty% Set forth in Cook’s 2022 compensation package.

“Given Apple’s relative size, scope and performance, the Compensation Committee intends to include Mr. Cook among its compensation targets. 80th and 90th percentiles in relation to our main peer group in the coming years,” the multinational explained.

In this regard, Apple indicated that “after an advisory vote “Say About Pay” After 2022, subsequent shareholder commitments and discussions with Cook himself, the Compensation Committee approved compensation for 2023 that it believes responds to shareholder feedback and continues to align with pay performance and shareholder interests. Also recognizes Cook’s outstanding leadership.

(with information from Europa Press)

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