Apple cuts $ 1.5 million from Tim Cook's salary

Apple has cut the salary of Tim Cook ; The main reason was that the company has failed to reach its two main economic objectives: income and profit margin. The salary of the current CEO of Apple has been cut by 1.5 million according to The Wall Street Journal .

It's not the first time Tim Cook has been cut

Tim Cook's salary was already cut in 2016, going from $ 10.28 million to $ 8.75 million. This time the cut has meant a million and a half dollars less for the CEO of Apple.

He was not the only one who suffered cuts

While Tim Cook's salary has been cut by 15%, other members of the executive board have seen him trimmed by 9.6% in compensation. Recall that the company's current CEO of the apple bite, wanted to have most of its profits in shares of the company, so its profit is closely linked to the economic situation of the same. Even so, these actions allowed him to have 100 million dollars. Some time ago liquidated about 65 million dollars dollars in shares. Right now, it is estimated that Tim Cook has about 110 million dollars. 

A while ago he confirmed that he would get rid of his benefits over time

Remember that the Executive Director of Apple confirmed that he would get rid of his fortune during his life. It is for this reason that every so often received news that has sold part of its shares.

Even so, the news that we described above has not been the will of the CEO of Apple. Apple has not managed to reach some targets, so the decision of the cuts is due to measure at the same time towards retributive company profits and punitive to the executive committee of Cupertino. What do you think about these cuts? Do you think they are deserved? Leave us your comments.