I downloaded and installed mysql-5.7.16-osx10.11-x86_64.dmg and I am running MySQL with Pref Pane: http://dev.mysql.com/doc/refman/5.7/en/osx-installation-prefpane.html
And I have attempted to follow the instructions on this page (Section B.22.214.171.124 Resetting the Root Password: Unix and Unix-Like Systems) http://dev.mysql.com/doc/refman/5.7/en/resetting-permissions.html
Supposedly, completing steps 1 to 5 running
shell> mysqld_safe --init-file=/home/me/mysql-init & will reset my root password but it doesn't do anything. I've also attempted step 6 to no avail.