"Overall, our 2016 performance with respect to net sales and operating income was 7.7% and 15.7% below our record-breaking 2015 levels however, the 2016 payouts to our named executive officers were significantly less than the annual cash incentive payouts for 2015, reflecting strong pay-for-performance alignment," Apple said in a regulatory filing with the SEC on Friday. Cook specifically received $8.75 million in total compensation, which is a 15% decrease from the $10.3 million he was paid in 2015. The company's top brass took home a combined 89.5% of their potential cash incentive payouts for the year.
It often indicates a user profile.Īpple CEO Tim Cook and other top executives at the company were paid less in 2016 for missing performance targets, Apple disclosed on Friday. Account icon An icon in the shape of a person's head and shoulders.
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