Apple Inc. is cutting Chief Executive Officer Tim Cook's compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.

World Business Watch: Apple's Tim Cook takes rare CEO pay cut

Apple Inc's stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021. Watch this video to know more.

World Business Watch: Apple's stock market value falls below $2 trillion

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World Business Watch: Apple's Tim Cook takes rare CEO pay cut

World Business Watch: Apple's stock market value falls below $2 trillion