Apple cut Cook’s pay by 15% last year to $8.7 million, according to a filing released on Friday. Apple cited the company’s failure to meet its performance goals for both sales and profits. Sagging iPhone sales last year caused Apple to suffer its first annual revenue decline in 15 years.
Apple is cutting CEO Tim Cook's pay 15%, citing company's failure to meet performance goals for sales and profits https://t.co/FR3DrZuKzi pic.twitter.com/6vNmoqWyNU
— CNN (@CNN) January 8, 2017
Apple penalizes CEO Tim Cook for company's first sales slump in 15 years with a 15% pay cut https://t.co/I7eIxVdDo0 pic.twitter.com/rVZl4PPevo
— ABC News (@ABC) January 8, 2017
Apple CEO Tim Cook just got his pay slashed amid a series of product flops – including the iPhone 7 https://t.co/MHJLV23a8I
— New York Post (@nypost) January 7, 2017
Tim Cook seems like a nice man, but he's not a good CEO of @Apple. https://t.co/Wnl9LOjzlJ
— Harlan Hill (@Harlan) January 8, 2017
The parallels between Gates and Ballmer and Jobs and Cook are eerie. Apple under Cook has doubled its revenue to $200 billion while doubling profit and tripling the amount of cash it has in the bank (now a quarter of a trillion dollars). The iPhone continues its annual upgrades with incremental improvements. Yet in five years the only truly new product that’s managed to ship is the Apple Watch.
NWS FORECAST 11:14 AM
Cupertino, CA
Today Rain and possibly a thunderstorm. Some of the storms could produce heavy rainfall. High near 62. Breezy, with a south wind 21 to 28 mph, with gusts as high as 36 mph. Chance of precipitation is 100%. New rainfall amounts between three quarters and one inch possible.
Tonight Showers. Low around 50. Breezy, with a southwest wind 21 to 23 mph, with gusts as high as 30 mph. Chance of precipitation is 90%. New precipitation amounts between a quarter and half of an inch possible.
Monday Rain likely, mainly before 10am. Mostly cloudy, with a high near 58. South southwest wind 6 to 9 mph. Chance of precipitation is 60%. New precipitation amounts of less than a tenth of an inch possible.
Monday Night Rain likely, mainly after 4am. Mostly cloudy, with a low around 48. South southeast wind 10 to 14 mph, with gusts as high as 18 mph. Chance of precipitation is 60%. New precipitation amounts between a tenth and quarter of an inch possible.
Tuesday Rain. The rain could be heavy at times. High near 58. South southeast wind 8 to 10 mph. Chance of precipitation is 90%. New precipitation amounts between a quarter and half of an inch possible.
Tuesday Night Rain. The rain could be heavy at times. Low around 49. Breezy. Chance of precipitation is 100%. New precipitation amounts between a quarter and half of an inch possible.
Wednesday A 50 percent chance of rain. Cloudy, with a high near 58.
Wednesday Night Rain likely. Cloudy, with a low around 43.
Thursday A chance of rain. Cloudy, with a high near 57.
Thursday Night A slight chance of rain. Mostly cloudy, with a low around 40.
Friday A slight chance of rain. Mostly cloudy, with a high near 58.
Friday Night A chance of rain. Mostly cloudy, with a low around 42.
Saturday A slight chance of rain. Cloudy, with a high near 59.
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