Thursday, 20 September, 2018

Tim Cook gets a 46 percent pay raise in 2017

Keynote Address Opens Apple Worldwide Developers Conference Tim Cook's iPhone success has paid off
Andy Castillo | 29 December, 2017, 02:08

According to a new shareholder proxy statement from Apple, the board of directors has approved that Cook will fly on private aircraft whenever he travels, be it for business or personal goal, Business Insider reported on Thursday. He has also been told to fly private due to security reasons.

Further, the proxy statement says that Cook will have to pay taxes anytime he uses an Apple private jet for personal travel as the cost will come under extra compensation.

Camera IconApple Chief Executive Tim Cook posed for a selfie with customers during the debut of the iPhone X at an Apple Store. Iger's personal air travel expenses totaled $282,831 in fiscal 2016, while the Facebook chief executive racked up about $871,390 in costs related to personal usage of private planes previous year. Adding $89.2 million in equity award, Cook brought home a whopping $102 million in 2017, minus compensations.

Cook must use an Apple private jet whenever he travels, whether it is for work or pleasure.

Sony in Talks For Mad About You Revival Series
As the show's co-creator, Reiser stressed that it was important to him that the show be brought back for a narrative objective . The role of Jamie Buchman was nearly played by Teri Hatcher, who went on to play Lois on Lois and Clark .

Cook's "top five lieutenants", as Bloomberg calls them received compensation totaling $24.2 million the year. The flight policy was implemented in the interest of efficiency and security in 2017, based on the highly visible role as CEO of Cook.

Apple made a boatload of cash this year, and the iPhone's sales performance is to blame.

Shareholders who feels like attending the shareholders meeting that will take place in the Apple Park, at Steve Jobs Theatre, requires registering themselves using the Proxyvote.com beginning at 8:00 am on 22 January, 2018. That success led, in large part, to a 36.7 per cent increase in Apple stock prices year-over-year. Being the top performer in the smartphone industry in the last quarter, Apple brought home nearly United States dollars 151 more than Samsung. Year-on-year sales growth was witnessed in all product categories in the fiscal fourth-quarter ended September 30, while revenue surged 12% to $52.6 billion.

Apple's executive compensation programme is created to reward its senior-level officials when the company does well, and dock them when it doesn't.

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