Off-Topic :
Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Can you imagine having your pay cut........to $8.7/year
Posted by:
Apple Crack
()
Date: January 06, 2017 07:38PM
Well thats exactly what's happening to Apple CEO Tim Cook
How will he ever survive? Oh the horrors!
http://money.cnn.com/2017/01/06/technology/apple-tim-cook-pay-cut/index.html
Apple's sales slump is taking a bite out of Tim Cook's paycheck.
The iPhone maker cut Cook's pay by 15% last year to $8.7 million, according to a filing released on Friday.
Apple (AAPL, Tech30) specifically cited the company's failure to meet its performance goals for both sales and profits. Shrinking iPhone sales last year caused Apple to suffer its first annual revenue decline in 15 years.
Now Apple's board is holding its CEO and other leaders accountable for the stumbles.
While Cook's salary rose to $3 million from $2 million last year, his cash bonus took a hit. Apple awarded Cook and other executives 89.5% of their target, instead of the maximum amount like in recent years.
That meant Cook's cash bonus fell to $5.4 million in 2016, down from $8 million the year before. All told, Cook's total compensation was $8.7 million last year, compared with $10.3 million in 2015.
Related: Apple is setting up shop in Samsung territory
But don't feel too bad for Cook, whose real fortune is linked to his vast holdings of Apple stock.
Last year, Cook completed five years as CEO and nearly 1.3 million of his previously restricted Apple shares vested. The shares were worth about $136 million.
As in previous years, Cook's 2016 pay was below that of his top lieutenants. All five senior executives below him, whose salary is made public, made just under $23 million in 2016. That includes Luca Maestri, Apple's chief financial officer, as well as retail boss Angela Ahrendts.
How will he ever survive? Oh the horrors!
http://money.cnn.com/2017/01/06/technology/apple-tim-cook-pay-cut/index.html
Apple's sales slump is taking a bite out of Tim Cook's paycheck.
The iPhone maker cut Cook's pay by 15% last year to $8.7 million, according to a filing released on Friday.
Apple (AAPL, Tech30) specifically cited the company's failure to meet its performance goals for both sales and profits. Shrinking iPhone sales last year caused Apple to suffer its first annual revenue decline in 15 years.
Now Apple's board is holding its CEO and other leaders accountable for the stumbles.
While Cook's salary rose to $3 million from $2 million last year, his cash bonus took a hit. Apple awarded Cook and other executives 89.5% of their target, instead of the maximum amount like in recent years.
That meant Cook's cash bonus fell to $5.4 million in 2016, down from $8 million the year before. All told, Cook's total compensation was $8.7 million last year, compared with $10.3 million in 2015.
Related: Apple is setting up shop in Samsung territory
But don't feel too bad for Cook, whose real fortune is linked to his vast holdings of Apple stock.
Last year, Cook completed five years as CEO and nearly 1.3 million of his previously restricted Apple shares vested. The shares were worth about $136 million.
As in previous years, Cook's 2016 pay was below that of his top lieutenants. All five senior executives below him, whose salary is made public, made just under $23 million in 2016. That includes Luca Maestri, Apple's chief financial officer, as well as retail boss Angela Ahrendts.
Re: Can you imagine having your pay cut........to $8.7/year
Posted by:
Lol@thelibtards
()
Date: January 06, 2017 07:49PM
Idiot libtards will continue to buy Apple's over priced and user limited PC's, phones, tablets, mp3 players, etc. because they are libtards.
Re: Can you imagine having your pay cut........to $8.7/year
Posted by:
con-tardz commies
()
Date: January 06, 2017 07:53PM
Contardz will continue to buy commie garbage like Huawei