Apple’s profit slump means a pay cut for Tim Cook

By Peter Sayer

Apple CEO Tim Cook’s total compensation took a dive for 2016, as the company missed its financial targets for the year.

The company’s earnings for the year to Sept. 24 dropped 14 percent compared to a year earlier.

As a result, Cook’s total compensation dropped 15 percent — despite a 50 percent rise in base salary.

He certainly won’t have to start eating ramen noodles — he made $8,747,719, after all — but he and fellow senior …read more

Source:: IT Management