The CEO salary was cut because of declining sales

Apple’s CEO Tim cook received for the financial year salaries and bonuses in the total amount of 8.85 million $ 1.55 million less than a year earlier.

About it reports The Guardian.

Salaries and bonuses of all senior executives of Apple have been cut due to decline in sales and profits.

Tim cook received additional income from the sale of shares of the company in the amount of 136 million dollars.

Chief financial officer Apple Luca Maestri senior Vice President, retail sales Angela Ahrendts received an annual salary in the amount of 23 million dollars each on 2 million less than in 2015.

Information about the income of managers is contained in the documents submitted by the company American financial regulator — the state Commission on securities and stock market.

Net sales of Apple in the past year was 215,6 billion, 7.7% lower than in 2015. Operating profit amounted to 60 billion dollars, which is 15.7% lower than the previous year.

We will note, recently Nokia and Apple has renewed its patent war by filing counter-claims.

The CEO salary was cut because of declining sales 07.01.2017

Январь 7th, 2017 by
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