Apple CEO Tim Cook to Take a 40% Pay Cut This Year

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Apple Chief Executive Tim Cook made a recommendation on the salary adjustment.Photo: Cesare Abbate/Shutterstock

Apple Inc. Chief Executive Tim Cook has asked for a big cut in compensation this year.

Mr. Cook’s total compensation target for 2023 will be $49 million, the company said in a Thursday filing. It said that is more than 40% lower than his target compensation of 2022.

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