Friday January 06, 2017

Tim Cook's Pay Down $1.5M In 2016 After Missing Performance Goals

I know the "story" here is supposed to be that Tim Cook made $1.5 million less in 2016 than he did in 2015 but I think the real story is that there are at least five other executives at Apple making almost $23 million per year. Wow! eek!

The filing reveals Apple CEO Tim Cook made $8.7 million in 2016, down from $10.28 million in 2015 and $9.2 million in 2014. Cook's earnings included a base salary of $3 million, non-equity incentives of $5.37 million, and other compensation of nearly $378,000. Other named executives netted nearly $23 million apiece.