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Apple CEO Tim Cook Gets Pay Cut Due to 2016 Numbers

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Apple CEO Tim Cook Gets Pay Cut Due to 2016 Numbers

Apple CEO Tim Cook Gets Pay Cut Due to 2016 Numbers

– He may be the head of one of the highest profile tech companies on the planet, but he’s still not immune to getting penalized if he doesn’t meet certain business goals.And that is precisely what has happened to Apple CEO Tim Cook.Apple released its SEC filing on Friday, with net sales of $215.6 billion falling 3.6 percent short of the $223.68 billion target.
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Apple bosses see pay drop in 2016 as CEO reaps $145 million

Apple bosses see pay drop in 2016 as CEO reaps $145 million

– Apple’s top executives saw their compensation fall last year while Chief Executive Officer Tim Cook had his biggest payout yet from his record 2011 award.Cook’s five top lieutenants received about $22.8 million each for 2016, according to a proxy statement filed Friday.The pay packages included $2.8 million in salary and cash bonus, and $20 million in equity awards.
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Under Armour CEO Kevin Plank is moving fast, just in case Apple and Samsung step on his turf

Under Armour CEO Kevin Plank is moving fast, just in case Apple and Samsung step on his turf

– LAS VEGAS — “Why is a sports brand at CES?”That’s the question that Under Armour founder and CEO Kevin Plank asked a packed session at the Consumer Electronics Show on Friday.It was an appropriate question.And while some in the crowd may have wondered why this former college football player turned apparel and footwear entrepreneur was hanging with the geeks, make no mistake that Under Armour very much views itself as a company fueled by innovation.
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