Apple CEO Tim Cook Earned $63.2 Million in 2023

[Jsmooth57]

No one on the planet does a job where they are worth 63 million in annual income. No one.

Yet he earns it.

Are you the annual income police? You gonna go police all Fortune500 executives and put a cap on their earnings?

By your logic every professional athlete in the NFL, English Premier League and MLB should have an annual income restriction too?

We live in a world where nurses and doctors who save lives earn magnitudes less than someone who punts a football. Were you born yesterday?

 

[Jsmooth57]

It’s a little distasteful to be suggesting to other people what to do with their money. How do you know he doesn’t donate a sizeable amount to charity? Maybe he does, maybe not, it’s his decision alone.

Couldn't agree more.

According to "grantishere's" comment anyone who makes a dollar more after all their expenses should just donate it.

Some of us do, some of us don't. No one has the right to tell someone else how to spend their money.

 

[MacCurry]

So his actual annual salary is $16.2M for 2023. The $47M stock awards is not income until he cashes them in. Between the outrageously high California state taxes, & US federal taxes, his net income is around $8M for 2023. Not that high compared to company valuation. I would probably move Apple corporate headquarters to Texas where they already have nearly 10,000 employees. That way the executives who earn over $1M can avoid California state taxes.

 

[ProfessionalFan]

So many commenters have their hands in this man's pockets, weird.

Good for Tim, he earned it. He is running the most successful company in the world.

Not that he has to, but he's very charitable and has pledged to donate all his wealth when he passes.

 

[TroyBoy30]

no one is worth that kind of money

 

[vgmrm]

He should get 4 times that amount. He works harder than everyone who's going to comment in this thread; combined. If Apple had a tipping system, I'd be throwing my money his way. The guy needs more, because he's the head of my favourite corporate entity that makes a shiny new phone every year that I need to have.

Congrats Tim, from all of us at MacRumors, you've earned your salary and then.. enjoy your 23rd yacht! It's on us!

I don't know Mr. Cook personally, but the employees he has on the street could use a raise. Especially those in "outsourced" countries.

 

[Carnegie]

So his actual annual salary is $16.2M for 2023. The $47M stock awards is not income until he cashes them in. Between the outrageously high California state taxes, & US federal taxes, his net income is around $8M for 2023. Not that high compared to company valuation. I would probably move Apple corporate headquarters to Texas where they already have nearly 10,000 employees. That way the executives who earn over $1M can avoid California state taxes.

Yes, this kind of (annual proxy) reporting doesn't necessarily reflect the actual income that the named officers received during a given year. That can vary greatly from the reported numbers. The reported numbers include cash payments and certain other benefits and the issue-date value of stock awards received during the company's fiscal year.

That said, Mr. Cook's actual income from Apple for 2023 was higher than the reported number as he had shares vest from previous stock awards. He received $18 million worth of shares (pre-tax) in April and $87 million worth in October. So his actual income from Apple in 2023 was north of $100 million.