Mr. Cook’s total compensation dropped 15 percent between 2015 and 2016. He received $8.75 million last year and $10.3 million in 2015.
Pay for other top Apple executives fell an average of 9.6 percent. CFO Luca Maestri’s total compensation dropped 10 percent to $22.8 million.
A Jan. 6 regulatory filing showed the company’s annual sales in 2016 were $215.6 billion, or 3.7 percent below its targeted $223.6 billion. Apple’s operating income was 0.5 percent short of its goal, coming in at $60 billion instead of $60.3 billion.
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