Apple Chief Tim Cook, With Rs 544 Crore Salary, Gets 18% Pay Rise

Mr Cook's compensation grew to $74.6 million (Rs 643 crore) in 2024, compared with $63.2 million (Rs 544 crore) the prior year, Apple said in its annual proxy filing on Friday. In addition to executive compensation, investors will vote on four outside proposals at the meeting on February 25. The company opposed all of them.

While Mr Cook's pay is up significantly from last year, it's still a far cry from his total compensation in 2022, which reached nearly $100 million thanks to stock awards. His pay was cut at his discretion in 2023 after pushback from employees and shareholders.

Apple's board of directors said it "made no changes to the amount or structure of Mr Cook's 2025 total target compensation.

Other executives, including Apple's retail chief, former chief financial officer, chief operating officer and general counsel, all made more than $27 million in 2024, representing slight increases from the prior year. Luca Maestri, the ex-CFO, was recently replaced as by Kevan Parekh.