(CNN) -- Apple CEO Tim Cook recommended the company cut his pay this year after shareholders rebelled.The world's largest tech company said it would reduce Cook's target pay package to $49 million, 40% lower than his target pay for 2022 and about half Cook's $99.4 million total compensation that he was granted last year.The vast majority of Cook's 2022 compensation — about 75% — was tied up in company shares, with half of that dependent on share price performance.But shareholders voted against Cook's pay package after Apple's stock fell nearly 27% last year. The vote is nonbinding, but the board's compensation committee said Cook requested the reduction."The compensation committee balanced shareholder feedback, Apple's exceptional performance, and a recommendation from Mr.
