Apple Reverses CEO's Pay Cut

The pay cut that CEO Tim Cook and other Apple execs received after a rare slump in sales last year has been reversed—and then some. According to a Wednesday filing with the Securities and Exchange Commission, a cash bonus for exceeding the board's sales and profit targets boosted Cook's total compensation for 2017 to $12.8 million, marking a 47% year-on-year rise, the Wall Street Journal reports. 

That includes his salary of $3 million, bonuses of around $9.3 million, and other forms of compensation. A previously disclosed equity award of $89.2 million makes Cook's total for the year more than $100 million.

Read the full story on Newser.com

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