Apple CEO Tim Cook takes 50% pay cut after shareholder pushback

Apple CEO Tim Cook, who is sitting on a personal fortune in excess of $1 billion, is expected to have his pay cut by almost 50% this year to about $49m (£40m) after he asked the company to “adjust his compensation” in the light of negative feedback from shareholders disappointed at the fall in the company’s share price.
Apple CEO Tim Cook
Rupert Neate for The Guardian:Cook, 62, who became CEO after the co-founder Steve Jobs stepped down before his death in 2011, was paid