Apple CEO Tim Cook's 2023 Earnings Revealed
Technology giant Apple has disclosed the earnings of its CEO, Tim Cook, and other employees for the year 2023. While Cook's income showed a slight decline compared to the previous year, this dip did not alter the fact that Cook still earned a substantial amount. Dive into the details of Tim Cook's 2023 earnings and the notable aspects of Apple's compensation disclosures below.
Apple recently released a financial report that drew more attention from investors, shedding light on how much employees earned.
![Apple recently released a financial report that drew more attention from investors, shedding light on how much employees earned.](https://img-s1.onedio.com/id-65b4d2b342746f3d4264ee7f/rev-0/w-600/h-300/f-jpg/s-19c9a5646e4a3b6b1e80e275ac1504cd7d95c1a0.jpg)
The compensation details for CEO Tim Cook in 2023 have been unveiled.
![The compensation details for CEO Tim Cook in 2023 have been unveiled.](https://img-s2.onedio.com/id-65b4d2ca42746f3d4264ee84/rev-0/w-600/h-337/f-jpg/s-15de1e6f38468e57b7ce87b9331a3caae42e1bac.jpg)
While Cook earned a substantial $99.3 million in 2022, his earnings reportedly decreased to $63.2 million in 2023. Apple had aimed for a $49 million compensation for Cook during the year.
His annual earnings witnessed a 36% decline compared to the previous year.
![His annual earnings witnessed a 36% decline compared to the previous year.](https://img-s1.onedio.com/id-65b4d24d42746f3d4264ee7d/rev-0/w-600/h-395/f-jpg/s-6e9fd7a92ac6ad0ce0c329924d38ea5dde751de2.jpg)
Cook, who surpassed the targeted amount by 28%, broke down his 2023 earnings as follows:
Salary: $3 million
Stock awards: $46,970,283
Non-equity incentive plan compensation: $10,713,450
Other gains: $2,526,112
What about other executives and employees?
![What about other executives and employees?](https://img-s3.onedio.com/id-65b4d2d3175546c515f305c5/rev-0/w-600/h-300/f-jpg/s-527a0d8d4f4b4718b79d2ac9183d8c195bd67310.jpg)
Apple disclosed that the average annual salary for its employees was $94,118. This translates to approximately $7,840 per month for an Apple employee. However, compared to the salaries of top-level executives, employee salaries are considerably lower.
For instance:
Chief Operating Officer (COO) Jeff Williams has an annual income of $26,961,226.
General Counsel Kate Adams earns $26,941,705 annually.
Senior Vice President of Retail, Deirdre O'Brien, receives an annual salary of $26,937,010.
Chief Financial Officer (CFO) Luca Maestri's annual income is $26,935,883.
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