Apple CEO Tim Cook is expected to be fired by the company's board of directors, but this is unlikely to happen. At a recent shareholder meeting, Cook easily retained his position as CEO. The bad news is that he will take a pay cut, with his earnings falling 40% to 340 million yuan this year.

According to Apple's shareholder meeting, Cook's compensation this year will consist of three parts: a base salary of $3 million, a cash bonus of $6 million,The lion's share is a $40m stock award, provided Apple meets all its financial targets for the year.

Compared with a $99 million compensation package in 2022,Mr. Cook's $49 million pay package fell about 40 percent this year,After all, shareholders have been unhappy with Apple's recent results, which last month included a three-year decline in the iPhone.

Other executives' compensation packages, while not as high as Cook's, were sky-high, with Chief Operating Officer Jeff Williams, general counsel Catherine Adams, retail head Deirdre O 'Brien and others receiving about $27 million in total compensation.