Apple CEO Tim Cook’s pay for 2019 is down 26 percent from 2018, as weak iPhone sales have left revenue and profits short of targets. Specifically, Mr Cook’s pay fell by $4m from a year earlier, due to a near-decrease in non-equity incentive schemes. In the past year, Cook’s total income was $11.56 million, and his base salary as CEO remained unchanged.
Mr Cook is not the only Apple executive to see a pay cut from 2018. CFO Luca Maestri’s salary also fell 1.6 per cent to $25.2m, while COO Jeff Williams’ pay fell by almost the same amount.
Cook, however, did get off to a good start in Twenty20. He signed a five-year exclusive production contract with richard Prepler, the former CEO of HBO.
Launched in November, Apple TV will release its first revenue of the new year later this month or early February, announcing the number of first subscribers to the streaming service.