Apple has announced the compensation packages of its top executives. CEO Tim Cook won $63.2 million in 2023, 36% less than the 99.4 million earned in 2022.
Additional members of the management team – CFO Luca Maestri, general counsel Kate Adams and COO Jeff Williams – joined 27 million dollars. Deirdre O'Brien, senior vice president of stores, won $26.9 million.
Al Gore, The former vice president of the US government will leave Apple's board after 21 years, when he reaches the maximum age to remain on the board, Apple said.
James Bell, who joined in 2015, will also be leaving the council. Apple has one “Long-standing policy that directors generally cannot seek re-election once they reach age 75.” The board elections will take place on February 28th as part of the annual shareholder event.
“We are deeply grateful to Al and James for their many years of service to Apple: their ideas, energy and values have made us a stronger company in many ways.”Cook said in a press release.
“For more than 20 years, Al has contributed incredibly much to our work: from his tireless support for protecting our users' privacy to his unparalleled knowledge of environmental and climate issues. “James’ dedication has been exceptional and we are grateful for the important insights and deep knowledge he has provided over the years in the areas of auditing, finance and more.”