Tim Cook takes a hefty $35 mn pay cut amid rough global market
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Apple CEO Tim Cook has taken a huge pay cut of $35 million, or more than 40 per cent of his compensation, amid challenging global macroeconomic conditions. Upon his own advice, Cook's pay will decrease from $84 million in 2022 to $49 million in 2023, according to a recent regulatory filing with the US Securities Exchange Commission (SEC), according to The Verge.
