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.
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 AppleStore. Separately, his received a massive increase in his annual bonus, thanks to earnings rebound for the company.
Powerball, Mega Millions offer 2 chances at jackpots over $300M
The odds of picking the correct numbers on five white balls and one yellow ball in the Mega Millions game are one in 259 million. The amount won can vary if the victor chooses the Power Play option for an extra dollar, which adds a multiplier to the prize.
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 AppleSteve Jobs had his own private jet that was gifted to him during 2000 by Apple.
Christmas celebrated with fervour in AP
Pastors at both churches say it is important to remember that there is more to the Christmas holiday than just giving presents. On the occasion, Santa Claus distributed candies and toys among dozens of toddlers waiting in a queue.
Weekly, fortnightly and monthly season tickets shall be charged equivalent to 5, 7.5 and 10 single journey of AC EMU respectively. Excited commuters captured the historic moments by clicking selfies the moment train reached the Churchgate station at 11.16 am.
BJP spokeperson GVL Narsimha Rao said the judgement is a scathing indictment of the Mannohan Singh 's government and his office. Advocate Kapil Sibal said that no irregularities had occurred in the allocation of licences.
Previously, Assange's most recent tweet was posted on the 22nd December, and made no mention of a possible leave from Twitter. Assange's account is back up again, though his follower count appeared to have dipped below 10,000 initially.
John Schnatter owns nearly 9.5 million shares of Papa John's International Inc., valued at more than $560 million. In 2010, he took on a co-CEO, Jude Thompson, but that arrangement ended the following year.
She eventually learned the passenger boarded the plane with a United Airlines ticket rather than the All Nippon Airways . She wondered on Twitter why the plane was turning around hours into the 11-hour flight.
Dembele has been linked with clubs in the Premier League, Ligue 1 and Serie A in advance of the January window opening. It's reported that Van Dijk has signed a contract worth £180,000 (NZ$341,100) with Liverpool.
Slightly warmer weather moves back in for Thursday and Friday when temperatures will max out near 30° once again. EXTENDED: We'll stay cold Thursday with highs only in the low to mid 20s with partly to mostly cloudy skies.
The Bournemouth defenders boot was high and unsafe and could have caused serious injury to the West Ham midfielder. We talked about our game plan and what we wanted to do and that was certainly the furthest thing from our minds.
However, following the legislature party meeting of new Gujarat MLAs, Vijay Rupani was voted for another term. Besides them, the new government of Gujarat will have eight Cabinet ministers and 10 ministers of State .
Did Migos Offset cheat on Cardi B?
Cardi has been open in the past about being stripper before making it big, and how it saved her from a life of domestic violence. Now she is concentrating on her new song video " Bartier Cardi ", after that she comes in discussion.
Salman Khan's "Tiger Zinda Hai" enters Rs 100 Cr Club
The Salman Khan and Katrina Kaif starrer entertainer is riding high on outstandingly positive reviews from audiences. As per early estimates, it earned around 44 crores to take its first weekend total to 114 crores (approx).
President Trump signs $1.5tn tax overhaul into law
But most economists believe the tax plan will push economic growth up by only a few tenths of a percentage point. That provision will increase revenue to the government by a little more than $1.2 trillion over 10 years.
UCLA QB Josh Rosen Doesn't Want Browns To Draft Him
Rosen is still contemplating his decision to enter the upcoming draft, where he would nearly certainly be a first-round selection. One problem: the prospect of Cleveland wanting a quarterback might actually scare off the quarterbacks that Cleveland wants .