Apple CEO Tim Cook's salary dropped in 2023! Here's HOW much he earned

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Have you ever considered Tim Cook's compensation as Apple's CEO? Given the immense responsibility he has, it’s a fair question. Cook is in the exclusive group of CEOs because he has played a significant role in directing the company's operations after Steve Jobs.

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Tim Cook received a substantial compensation 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 made in 2022.

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Why? Yes, it was deliberate. Following a suggestion from Apple's compensation committee, Cook asked for a 40% decrease in his overall remuneration.

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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.

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By contrast, Cook's earnings for the fiscal year 2022 amounted to $99.4 million even if his basic pay stayed at $3 million. The $1.3 million in other remuneration, the $12 million in non-equity incentive payments, and the $83 million in stock awards are the reasons for the pay discrepancy.

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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.