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Apple Bosses See Pay Drop in 2016 as CEO Reaps $145 Million

  • Windfall comes even after annual sales fell for the first time
  • Cook’s 2016 take-home is a huge leap from 2015 as shares vest
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Apple Bosses See Pay Drop in 2016 as CEO Cook Reaps $145M

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Apple Inc.’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.