Apple Inc. disclosed a 18% pay increase for Chief Executive Officer Tim Cook ahead of its annual meeting next month, while also saying it opposed a shareholder measure calling for an end to the company’s diversity program.

Cook’s base salary of $3 million has remained unchanged in the past three years, but his total compensation increased 18% in 2023, the technology giant said.

Apple CEO Tim Cook earned $74.6 million in 2024, up from $63.2 million in 2023, Apple said in its annual proxy filing. Cook's

Apple Inc. announced an 18% pay increase for CEO Tim Cook, raising his compensation to $74.6 million for 2024. The company also opposed a shareholder proposal to end its diversity program, asserting it does not discriminate and already assesses legal risks.