Tim Cook gets a 46 percent pay raise in 2017

29 December, 2017, 01:08 | Author: Yolanda Murray
  • Tim Cook gets a 46 percent pay raise in 2017

The statement continues by saying that any time an Apple private jet is used by Cook for personal travel, costs are to be considered as extra compensation, on which the CEO would need to pay the appropriate taxes.

"As an additional security measure for Mr. Cook, the Board also requires that he use private aircraft for all business and personal travel", Apple wrote in the filing. The board of directors said in a statement that the decision, which took effect this year, was "in the interests of security and efficiency based on our global profile and the highly visible nature of Mr. Cook's role as CEO".

It's been a good year for Apple and its CEO Tim Cook. Cook also has about 2.9 million additional unvested that haven't vested, according to the filing, worth over $450 million, according to the SEC filing.

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Gedney, as well as USA military leadership, have long expressed doubt in the regime's desire and ability to fight ISIS. For its part, the Iraqi government said "final victory" was achieved against Daesh on December 9.

The company now has a market capitalisation of over $875bn (£650bn) making it the most valuable publicly owned company in the world.

In a proxy statement the data was shared today by Apple filed with the United State Securities and Exchange Commission, ahead of the annual shareholders meeting of the company that will be held on 13 February, 2018. "Apple exited the quarter with some iPhone 8 inventory due to softer than expected demand compared to the iPhone 7 series", Counterpoint said.

Camera IconApple Chief Executive Tim Cook posed for a selfie with customers during the debut of the iPhone X at an Apple Store. Separately, his received a massive increase in his annual bonus, thanks to earnings rebound for the company.

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The personal travel cost for Cook was $93,109 in 2017, which is part of his compensation package.

The American multinational technology company has also hired personal security services for Cook. Retail chief of Apple, Angela Ahrendts, was among the one who was the highest paid executive, bagging in $24,216,072.

Cook's predecessor, the founder of Apple Steve Jobs had his own private jet that was gifted to him during 2000 by Apple.

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