The compensation of Apple CEO Tim Cook saw a decline last year, reportedly due to the company's board's decision to oppose an audit in China. This reduction comes amid a backdrop of heightened scrutiny of executive pay packages across the tech industry.
In 2022, Cook's total compensation dropped to approximately $99 million, down from around $100 million in the previous year. The board's recommendation against the audit was influenced by ongoing geopolitical tensions and market conditions in the region.
Despite the pay cut, Apple's performance continues to be robust, with significant revenue generation attributed to its expanding product lineup. Moving forward, the company is expected to navigate these challenges while focusing on its global market strategies.