Tim Cook and other top Apple executives took a pay cut in 2016 for missing targets (AAPL)

Apple CEO Tim Cook and other top executives at the company were paid less in 2016 for missing performance targets, Apple disclosed on Friday.
The company's top brass took home a combined 89.5% of their potential cash incentive payouts for the year. Cook specifically received $8.75 million in total compensation, which is a 15% decrease from the $10.3 million he was paid in 2015.
"Overall, our 2016 performance with respect to net sales and operating income was 7.7% and 15.7% below our record