Jan 6, 2017
Apple boss's salary and bonuses fall
All Apple's named executives saw their salary and bonus payments fall after the company reported lower sales and income in the year to September. Mr Cook has been Apple chief executive since August 2011. Each of the other named executives including chief financial officer Luca Maestri, Angela Ahrendts, senior vice president of retail received nearly $23m in salary, down from about $25m in 2015. In its SEC filing Apple said it had produced strong financial results in 2016. "These results were below the target performance goals set by the Compensation Committee. As a result, the annual cash incentive payouts to our named executive officers were below target," it added.
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