What is the operation of Sino-Singapore Jingwei on January 13?

Apple CEO Cook even voluntarily cut his salary by more than half in the New Year!

　　According to the Chinese website of the Wall Street Journal, Apple said in a document on Thursday that CEO Tim Cook received a total salary of 99.42 million US dollars (about 669 million yuan) in 2022, but the 2023 salary will decrease.

　　In 2022, Apple said Cook received $3 million in salary, $12 million in non-equity incentive plan compensation, about $1.5 million in all other compensation, and nearly $83 million in stock awards.

　　According to Apple

, Cook's total target compensation in 2023 is 49 million US dollars (about 330 million yuan).

The compensation committee approved the 2023 target after balancing "shareholder feedback, Apple's superior performance, and Cook's recommendations to adjust his compensation based on the feedback received."

　　Apple also said the pay changes had Cook's support and that the compensation committee viewed them as a response to shareholder feedback.

　　Cook's previous $99 million compensation package was criticized by groups such as Institutional Shareholder Services, but was approved by a majority of shareholders last year.

Top consultancy ISS has complained that Cook's stock will continue after retirement and that half of the award is not contingent on performance criteria such as the company's share price.

　　According to CNBC, the Compensation Committee stated: “Considering Apple’s relative size, scope and performance, the Compensation Committee also intends to position Cook’s annual target compensation for the next few years at between 80% and 90% of our major peers. "

　　According to reports, Cook's compensation comes mainly from restricted stock.

The actual number of shares of Apple stock that Cook is awarded depends on the company's performance relative to the S&P 500 index.

Apple stock is doing well, with Cook typically awarding the largest amount.

　　Apple said its stock has returned 1,212 percent since Cook took over as CEO in 2011, compared with the S&P 500's 209 percent return.

　　Apple announced a second equity incentive for Cook in September 2020, and the grant will last until 2025.

Based on the stock price at the time, the stock that Cook has been awarded since 2011 is worth more than $900 million.

However, Cook has previously said he plans to donate his fortune to charity.

(Sino-Singapore Jingwei APP)