On Friday, Apple said in a regulatory filing that annual
sales of $215.6 billion were 3.7% below target, and its operating
income of $60 billion came up 0.5% short for the fiscal year ended
Mr. Cook’s total 2016 compensation dropped to $8.75 million for
the year, down 15% from $10.3 million in the year earlier. The
decline was tied to his cash bonus, which hinged on exceeding
revenue and profit targets set by the board. His base salary rose
50% to $3 million.
Mr. Cook’s total compensation doesn’t reflect the mega-stock grant
he received in 2011 when he took over as CEO, an award valued at
the time at about $376 million.