Apple cuts Tim Cook’s pay by $1.5M as company announces 2017 shareholder meeting

“Apple has cut Tim Cook’s 2016 pay by a little over $1.5M after the company failed to achieve both revenue and profit goals. The news that Cook’s compensation was cut from $10.28M in 2015 to $8.75M in 2016 was spotted in a regulatory filing by the WSJ. Apple said its annual sales of $215.”
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