Tim Cook and other Apple execs miss out on bonus pay after disappointing 2016

Ars Technica:

Apple raked in $215.6 billion in sales in 2016, but it wasn’t enough to keep the company from reporting its first year-over-year sales decline since 2001. According to the company’s definitive proxy statement filed with the US Securities and Exchange Commission, the company’s sales declined from $233.7 billion in 2015, and its operating income likewise fell from $71.2 billion in 2015 to $60.0 billion in 2016. The decline in these two metrics was enough to significantly cut incentive-based pay for Tim Cook and a number of other high-level Apple executives.

Don’t shed a tear. All of them make more in one year, “disappointing” or otherwise, than most of us will see in our lifetimes.