Tim Cook’s Earnings Drop 36% in 2023, But He’s Still the World’s Highest-Paid CEO

Tim Cook Presentation Keynote

Tim Cook, the CEO of Apple, is one of the highest-paid executives in the world. In 2023, he earned a total of $99.4 million, according to the company’s annual shareholder report.

How did Cook’s earnings break down?

Cook’s base salary for 2023 was $3 million. He also received $46.9 million in stock awards and $49.6 million in other compensation.

Apple Tim Cook

Apple Tim Cook

 

Cook’s compensation was significantly higher than that of other Apple executives. Luca Maestri, Apple’s CFO, earned $26.9 million in 2023.

There are a few possible explanations for Cook’s lower earnings in 2023. One possibility is that Apple’s stock performance was not as strong as it was in 2022.

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