This Is Tim Cook’s Salary As CEO of Apple for 2023?

Have you ever considered Tim Cook’s compensation as Apple’s CEO? It’s a legitimate issue considering the enormous responsibility he has. Cook is in the exclusive group of CEOs because he has played a significant role in directing the company’s operations after the death of Steve Jobs.

Tim Cook received a substantial pay package for the fiscal year 2023 totaling $63.2 million, or almost Rs 523 crore. That’s a lot of money, but it’s really less than what he earned in 2022. Why? Yes, it was deliberate. Following a suggestion from Apple’s pay committee, Cook asked for a 40% decrease in his overall remuneration.

According to a report by The Hollywood Reporter via AppleInsider, Apple’s recent filing with the Securities and Exchange Commission (SEC) revealed that Tim Cook earned a base salary of $3 million, stock awards of $47 million, non-equity incentive compensation of $10.7 million, and other compensation of $2.5 million.

In contrast, Cook made $99.4 million in revenue in the fiscal year 2022 even if his basic pay stayed at $3 million. The $83 million in stock awards, $12 million in non-equity incentive compensation, and $1.4 million in miscellaneous compensation are the reasons for the pay discrepancy.

If you’re wondering how much other CEOs make—such as Satya Nadella of Microsoft—the figures are very comparable. In 2023, Nadella earned $48.5 million, as reported by The Register. However, CEO salaries vary widely. For example, Google CEO Sundar Pichai got a stunning $226 million in 2022, while Shantanu Narayen, Chairman and CEO, Adobe made $31 million in 2022.