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Apple chops Tim Cook's pay after 2016 dip

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NewsHubApple CEO Tim Cook had a better year in 2015.
Apple failed to meet its annual sales goals in 2016, and CEO Tim Cook paid the price.
Cook earned $8.75 million in 2016, according to a Securities and Exchange Commission filing from Apple on Friday. That compares with $10.28 million in 2015, and $9.22 million in 2014.
The Cupertino, California-based company had aimed to surpass its $223.6 billion in sales from 2015. Instead it fell short in 2016, raking in $215.6 billion.
Because of the dip, Apple executives, including Cook, received only 89.

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