Apple posted its proxy submitting at the 2023 Annual Assembly of Shareholders and the 113-page record finds that CEO Tim Prepare dinner is getting a wage aid in 2023. It quantities to $35 million – the highest govt will earn $49 million, down from $84 million closing 12 months.
His base wage of $3 million and the yearly money incentive of $6 million stay unchanged, with the large distinction coming from an adjustment of his fairness award price. The opposite 4 senior govt officials at Cupertino didn’t obtain a slash of their wage or incentives.
Tim Prepare dinner on the release of iPhone 14 sequence. Symbol supply: Twitter
The fairness award price of Tim Prepare dinner for 2022 used to be $75 million, whilst this calendar 12 months, it is going to be $40 million. Then again, he would possibly nonetheless make greater than the forecasted quantity, relying on Apple’s inventory value.
The pay reduce used to be prompt through Prepare dinner himself “in gentle of the comments gained”.
The corporate remains to be anticipated to release a mixed-reality headset that has been rumored for a very long time, and the Undertaking Titan automobile remains to be wishful pondering greater than anything. Cupertino isn’t letting move of any workers for now despite the fact that, not like competition Meta, Twitter, and Amazon, who’ve introduced layoffs.
