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Apple Cuts CEO Pay, Citing Performance

Apple’s CEO Tim Cook took a pay cut in 2016 after the company missed key economic goals. Due to lower profits and revenues, company executives received 89.5 percent of their cash incentive, compared to 2015 when they received 100 percent. For Cook, that meant he received $8.75 million in 2016 compared to $10.28 million in 2015. According to the filing, Cook’s pay package is made up of a base salary of $3 million, up from $2 million last year. He also got $5.37 million in non-equity...

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