$ 49 million after deduction .. Reducing the salary of the head of Apple by 40%

Reports over the past year revealed that Apple chief Tim Cook is preparing for a pay cut in 2023, and now, at its annual shareholder meeting, Apple has confirmed that Cook will indeed take a pay cut. In a statement provided by Apple, it was revealed that Cook’s target salary in 2023 will be just $49 million, which is 40% lower.