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Tim Cook's CEO-Like Pay Package Shows He Isn't Going Anywhere
Apple CEO Tim Cook’s new long-term compensation package indicates he will remain a central, active figure in the company’s strategic future.
What: Tim Cook will receive a $2 million base salary, double that of other Apple C-suite executives, along with performance-based stock units and cash bonuses.
Why it matters: This signals that Apple’s board views Cook’s continued leadership as essential for navigating complex geopolitical risks in China and internal supply chain challenges like memory shortages.
Original article
Tim Cook remains a powerful center of gravity at Apple. He will play an especially crucial role in certain areas, such as the company's dealings with the US and China, and its handling of the memory shortage. Cook will get a base salary of $2 million, twice the typical base salary of senior vice presidents and members of the C-suite. He will also receive cash bonuses and stock units that vest over time. The salary clearly shows that Cook's role will be very active.
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