Apple CEO Tim Cook's Pay Increases 18% to $74.6 Million Ahead of Annual Meeting

Jan 10, 2025, 10:47 PM

Apple Inc. has disclosed that CEO Tim Cook's total compensation for 2024 rose by 18% to $74.6 million, up from $63.2 million in the previous year. This increase includes a $3 million base salary and $58.1 million in stock awards. The disclosure comes ahead of the company's annual shareholder meeting next month, where shareholders will vote on several proposals, including one that seeks to end Apple's diversity, equity, and inclusion (DEI) efforts. Apple has stated its opposition to this proposal, arguing that it is an inappropriate attempt to restrict the company's business operations. The company's stance on DEI remains firm, despite recent moves by other tech giants to scale back similar programs.