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January 7, 2017 02:06 am GMT
As a result of Apple’s performance based executive compensation packages, CEO Tim Cook and other leaders within the company will be taking pay cuts. Apple missed internal revenue and operating income targets for 2016 by 3.7 and 0.5 percent respectively, resulting in a 15 percent cut for the CEO. Apple is reporting annual sales of $215.6 billion and operating income of $60 billionfor… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4vsOHwH2KVw/
Tim Cooks compensation not spared as Apple misses performance goals
As a result of Apple’s performance based executive compensation packages, CEO Tim Cook and other leaders within the company will be taking pay cuts. Apple missed internal revenue and operating income targets for 2016 by 3.7 and 0.5 percent respectively, resulting in a 15 percent cut for the CEO. Apple is reporting annual sales of $215.6 billion and operating income of $60 billionfor… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/4vsOHwH2KVw/
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