Hey, instances are laborious throughout, even for Tim Prepare dinner. The Apple CEO obtained a pay lower within the tech big’ newest fiscal 12 months following shareholder steerage and a “advice” from the person himself, notes The Hollywood Reporter.
Prepare dinner’s annual compensation package deal was $63.2 million after rising to $99.4 million in the course of the 2022 fiscal 12 months, in response to a regulatory submitting with the Securities and Alternate Fee. For the fiscal 12 months that ended Sept. 30, the CEO’s goal compensation dropped to $49 million.
That’s down greater than 40% from the CEO’s 2022 goal compensation. Consequently, Prepare dinner’s performance-based inventory awards rose to 75%.
For the most recent fiscal 12 months, Prepare dinner earned a $3 million base wage, whereas he obtained one other $47 million from inventory awards. Past that, he made $10.7 million from non-equity compensation and $2.5 million in different compensation, largely within the type of safety prices.
