Apple’s CEO has docked himself a hefty $4 million in pay, as a direct result from Apple’s underperforming stock price earlier this year, according to a proxy statement filed on Sunday (via CNN ). Expressing a “strong desire to set a leadership example in the area of CEO compensation and governance,” Tim Cook insisted on putting half of his own stock grants at risk if Apple's shares underperformed the S&P 500 index this year.
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Tim Cook gets 10% pay cut… but still takes home over $40 million