Apple company has reduced the salary of CEO Tim Cook.
Published on: Jan-04-2017
The Board of Directors of Apple Corporation has decided to cut off the salary of Apple company's CEO Tim cook due to not achieving the targets of 2016. Apple Corporation had set the targets of 2016 for $223.6 billion for the sale of all of Apple's products but unfortunately at the end of 2016 theyreceived $216.6 billion revenue which in result the loss of $7 billion under the leadership of Tim Cook.
In this situation company decided to reduce the benifits which company was given to CEO Tim Cook. He received $8.75 million in 2016 while he was paid for $10 million in 2015.