Apple cuts CEO pay for missing sales goals.

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BlueFox
BlueFox Posts: 15,251
in The Clubhouse
LOL. I am sure he is losing sleep over this pay cut. :)

"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."

http://money.cnn.com/2017/01/06/technology/apple-tim-cook-pay-cut/index.html
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Comments

  • mikeyb128
    mikeyb128 Posts: 2,885
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    Since the death of Jobs apple is slowly heading towards the sh!tter.
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  • Stonecutter
    Stonecutter Posts: 35
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    I agree.

    The products are becoming more difficult to use, which Steve Jobs would not have allowed to happen, and they are becoming less reliable, which Steve also would not have allowed to happen.

    Moreover, innovations are incremental -- like other manufacturers. I don't see any revolutionary changes or improvements.
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  • george daniel
    george daniel Posts: 12,096
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    Hmmmmm,,pay for performance?
    JC approves....he told me so. (F-1 nut)
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  • kharp1
    kharp1 Posts: 3,453
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    Think this should be done at more companies, if not all, especially the banking industry. Amazing how an industry can wreck the economy and not one individual go to jail, rather, most got obscene bonuses.
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  • BlueFox
    BlueFox Posts: 15,251
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    If it is going to be done then it needs to effective. An $8.7 million dollar a year salary, after a pay cut, does zippo to motivate anyone. Heck, I will take his job for $1 million a year, and be just as useful.
    Lumin X1 file player, Westminster Labs interconnect cable
    Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
    Magico S5 MKII Mcast Rose speakers; SPOD spikes

    Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
    Shunyata Sigma XLR analog ICs, Sigma speaker cables
    Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables

    Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
    Three 20 amp circuits.
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