Apple cuts Tim Cook's pay 15% for missing sales goals

most viewed right now
 183
NBA Austin Rivers told Chris Paul that he smashed his wife
86 comments
@sports
most viewed right now
 154
NBA CLEVELAND KYLE KORVERS send anonymous message to front office: We need hel..
55 comments
@sports
most viewed right now
 72
Video inside NBA Youngboy "Ain't Feeling Partying With Gucci Mane & His Wife At Club"
26 comments
@hiphop
most viewed right now
 67
DJ Akademiks Clowns Swae Lee's Girl 4 Having An Abortion But She Lost Baby Due..
37 comments
@hiphop

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 1 year ago '05        #1
2844 pageviews
39 comments


MyZ28 15 heat pts15
space
avatar space
space
$2,172 | Props total: 1300 1300
Apple cuts Tim Cook's pay 15% for missing sales goals
 

 
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.

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.
Apple's rare sales slump is directly linked to the loss of momentum for the iPhone, which generates the majority of the tech icon's sales.
Sales of iPhones have declined in each of the past three quarters, slipping to 45.5 million in the September quarter. The problem is that Apple has faced steep competition from Samsung and other smartphone makes and the newest iPhones haven't featured enough upgrades to lure customers.
Apple's stock ended 2016 with a healthy gain of 10%. That compares with a 13% gain for the Dow and 9.5% for the S&P 500. The popular stock received a boost in early September thanks to the Galaxy Note 7 disaster, which forced Samsung to discontinue the phone.
Apple will reveal just how much it benefited from Samsung's pain when the company reports quarterly numbers on January 31.


visit this link http://money.cnn.com/2017 .. inkId=33143850


I bet he still made more money than the previous year tho. Apple make money regardless....


Last edited by MyZ28; 01-08-2017 at 02:09 PM..
hot topic and 3 others gave props
 
messy marv stan and 1 others slapped this ish
 

39 comments for "Apple cuts Tim Cook's pay 15% for missing sales goals"

 1 year ago '04        #2
Budala 418 heat pts418
space
avatar space
space
$12,345 | Props total: 1351 1351
It's still a pay cut but when you making that much bank
wesleypipes and 8 others gave props
 
 1 year ago '04        #3
BigJay.inc 72 heat pts72
space
avatar space
space
$9,168 | Props total: 21916 21916
I feel bad for him .... rich muddasucka!

136m in holdings. Damn that's sweet
Aztlan gave props
 
 1 year ago '15        #4
SavageSS 2 heat pts
space
avatar space
space
$612 | Props total: 2195 2195
On a performance based job, this is what should happen when you don't perform. I mean 15% ain't even gonna phase this dude but still. Know when he break some sales records that bonus going to more than make up for this ish/
chizz and 1 others gave props
 
 1 year ago '11        #5
nbrock 27 heat pts27
space
avatar space
space
$2,064 | Props total: 918 918
He needs to be fired. No type of innovation.
LBThrizzy and 15 others gave props
 
bx to the tx and 1 others slapped this ish
 
 1 year ago '05        #6
Sub Crazy 15 heat pts15
space
avatar space
space
$13,857 | Props total: 2747 2747
Is this the n*gga who got rid of the headphone jack?

fu*k him.
storyboutdamans and 20 others gave props
 
 1 year ago '15        #7
storyboutdamans 5 heat pts
space
space
space
$307 | Props total: 356 356
this trend will continue. especially if they go ahead with all that stylus bullsh*t bro. Apple never even thought they could compete with Samsung Note and phone/tablet combo until the Note 7 disaster.
killinemsoftly and 1 others slapped this ish
 
 1 year ago '07        #8
ptwist 43 heat pts43
space
avatar space
space
$16,205 | Props total: 6588 6588
Brand is still strong but I think it's time they hire some new cat to add a new flair to their marketing and overall presentation.

The whole Jony Ive english mumbo jumbo to weird music in up close and slow motion of the the devices is getting old.

Iphone 10th Anniversary should be interesting though.
MyZ28 and 1 others gave props
 
 1 year ago '05        #9
Y.G. 27 heat pts27
space
space
space
$41,868 | Props total: 14212 14212
 ptwist said:
Brand is still strong but I think it's time they hire some new cat to add a new flair to their marketing and overall presentation.

The whole Jony Ive english mumbo jumbo to weird music in up close and slow motion of the the devices is getting old.

Iphone 10th Anniversary should be interesting though.
Nothing wrong with their marketing. It's the fact that their product lineup is as weak as it's ever been.

Jobs was the creative, Cook is just a supply chain guy. Until they get another mind like Jobs in there to man the ship, the product line will continue to be stagnate.
Soulvoyage and 5 others gave props
 
 1 year ago '12        #10
nxtiq 30 heat pts30
space
avatar space
space
$3,612 | Props total: 1736 1736
�� got rid of headphone jack....sales decline....


Yep.

bx to the tx and 1 others slapped this ish
 
 1 year ago '14        #11
Swade009 57 heat pts57
space
space
space
$8,233 | Props total: 4709 4709
 Sub Crazy said:
Is this the n*gga who got rid of the headphone jack?

fu*k him.
Apple plans things years in advance.... This might have been planned before Jobs died.
Go Jets gave props
 
TheChief and 4 others slapped this ish
 
 1 year ago '04        #12
infam0uskills 15 heat pts15
space
avatar space
space
$8,513 | Props total: 5807 5807
i wonder how he will pay bills with a 15% paycut
MyZ28 and 2 others gave props
 
 1 year ago '16        #13
NYFASHIONKING 60 heat pts60
space
avatar space
space
$2,447 | Props total: 5651 5651
Had iPhone and Galaxy's and Galaxy's are waaaay better. Samsung Gangnam for life.
Aztlan and 5 others gave props
 
bx to the tx and 3 others slapped this ish
 
 1 year ago '15        #14
Soulvoyage 45 heat pts45
space
avatar space
space
$6,511 | Props total: 17770 17770
 nbrock said:
He needs to be fired. No type of innovation.
This
 1 year ago '12        #15
Prostyle 2 heat pts
space
avatar space
space
$2,558 | Props total: 1266 1266
RSU Stock options are godly

waiting for em to vest doe...
Skip The Speci and 1 others gave props
 
 1 year ago '05        #16
PussyFiend 
space
avatar space
space
$5,552 | Props total: 638 638
 SavageSS said:
On a performance based job, this is what should happen when you don't perform. I mean 15% ain't even gonna phase this dude but still. Know when he break some sales records that bonus going to more than make up for this ish/
Lol, what sales records is he going to break? Apple is 2-3 years behind their competition with every phone release

"Look at us, we're innovating with these ugly a.ss wireless ear buds"

gtfoh..
Knucklez gave props
 
 1 year ago '15        #17
SavageSS 2 heat pts
space
avatar space
space
$612 | Props total: 2195 2195
 pus*yFiend said:
Lol, what sales records is he going to break? Apple is 2-3 years behind their competition with every phone release

"Look at us, we're innovating with these ugly a.ss wireless ear buds"

gtfoh..
n*gga please, miss me with that fanboy bullsh*t, a.ssuming he performs his job and gets better numbers there will be a bonus is all i'm saying . I don't have a dog in this f!ght. I buy what I want, but to think that the CEO of the most profitable company in the world doesn't have a plan, you are mistaken. Or they might just fire his a.ss, either way it ain't going to affect my check.
Bazileus slapped this ish
 
 1 year ago '14        #18
Dawknight316 2 heat pts
space
avatar space
space
$2,052 | Props total: 2292 2292
Make apple great again.
Madethagreat and 1 others gave props
 
 1 year ago '11        #19
DJ EM Double 31 heat pts31
space
avatar space
space
$6,740 | Props total: 3158 3158
 Y.G. said:
Nothing wrong with their marketing. It's the fact that their product lineup is as weak as it's ever been.

Jobs was the creative, Cook is just a supply chain guy. Until they get another mind like Jobs in there to man the ship, the product line will continue to be stagnate.
All of Tim Cook's ideas for the future are literally everything Jobs said he hated in keynotes, he said stylus sucks boom stylus, no big phones boom big phones

now he is fresh out of things Jobs said sucked so who knows what they are going to do now
Knucklez gave props
 
 1 year ago '13        #20
misterethoughts 271 heat pts271
space
avatar space
space
$1,153 | Props total: 4759 4759
Isn't Apple working on some type of software for the car?
Shard gave props
 
Home      
  
 

 






most viewed right now
 56
Image(s) inside Look @ That Butt
45 comments
1 day ago
@thotsdimesetc
most viewed right now
 50
Jan 15 - Seal ethers ayebody in 5 minutes :jugottarelax:
115 comments
24 hours ago
@news
most viewed right now
 41
Article inside Aziz Ansari Responds to Accusations of Sexual Assault: ‘I Was S..
122 comments
19 hours ago
@movies
most viewed right now
 31
Damn, The Clock Really Tickin On The IG Hoe Hustle
212 comments
19 hours ago
@misc
most viewed right now
 22
Video inside Ben J (New Boyz) Cries as He Details Killing an Armed Home Invader
124 comments
24 hours ago
@hiphop
most viewed right now
 16
Image(s) inside come stick your finger in this...
57 comments
19 hours ago
@thotsdimesetc
most viewed right now
 16
Image(s) inside Jan 15 - Navy veteran's mom denied visa to attend his funeral in the U..
68 comments
1 day ago
@news
most viewed right now
 16
NBA Jonathan Isaac Invites His Teammates to Church to Hear Him Preach... None ..
171 comments
19 hours ago
@sports
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy