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Apple CEO Tim Cook to experience a significant reduction in pay for this year, over 40% cut.

Apple CEO Tim Cook’s annual pay package will be significantly reduced by over 40% this year, following criticism from shareholders. The technology giant announced that Mr. Cook himself requested the cut. According to the company’s compensation committee, Cook will receive a total “target compensation” of $49 million for 2023. This move comes after a difficult …

Apple CEO Tim Cook to experience a significant reduction in pay for this year, over 40% cut. Read More »

Foxconn: iPhone maker bets on electric truck company Lordstown Motors

The tech giant is spending up to $170m (£147.8m) in shares in loss-making start-up Lordstown Motors. The big cash injection comes as the company intends to ramp up production of its first model, the Endurance. Lordstown recently began building the vehicle at a former General Motors plant in Ohio. Under terms of the deal, the …

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