Apple’s profit slump means a pay cut for Tim Cook
Apple CEO Tim Cook's total compensation took a dive for 2016, as the company missed its financial targets for the year.
The company's earnings for the year to Sept. 24 dropped 14 percent compared to a year earlier.
As a result, Cook's total compensation dropped 15 percent -- despite a 50 percent rise in base salary.
+ ALSO ON NETWORK WORLD Tech's biggest CEO raises and pay cuts +
He certainly won't have to start eating ramen noodles -- he made US$8,747,719, after all -- but he and fellow senior executives lost out on a few million each because of the poor performance.
To read this article in full or to leave a comment, please click here